Fed officials signal just one interest rate cut before end of 2024
Fed officials’ latest signal on interest rates also came alongside the central bank’s new forecasts for growth, which show the US economy expanding by 2.1 per cent in 2024, unchanged from its previous forecast.
Fed Holds Rates Steady, Projects One Cut This Year
Federal Reserve Chair Jerome Powell said the central bank would keep inflation rates steady for now and signaled the likelihood of one interest-rate cut for this year. Photo: Kevin Dietsch/
Stock market today: Markets tick higher ahead of Fed decision on interest rates, new inflation data
Wall Street rose modestly early Wednesday ahead of a decision by the Federal Reserve on interest rates and the government's latest data on inflation. Futures for the S&P 500 and futures for the Dow Jones Industrial Average rose about 0.
Fed officials' new interest rate outlook may roil stocks
The central bank can't see doing more than one rate cut this year. Meanwhile, stocks are starting to look pricey. As markets closed on Wednesday, conventional wisdom was something like this: The Federal Reserve may cut interest rates only once this year.
Biden cheers cooling inflation ahead of key Fed interest rate decision
The consumer price index showed that prices did not rise at all in May, the first time since July 2022 that the month over month rate was flat.
US Consumer Inflation Falls Before Fed Interest Rate Decision
US consumer inflation continued to cool last month, according to US government data published Wednesday, giving the US Federal Reserve some positive news shortly before it publishes its latest interest rate decision.
The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts
The booming jobs report and still-high inflation mean the Federal Reserve is likely to hold interest rates steady, even after the ECB's rate cuts.
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