Stocks week ahead: How long will inflation last? The answer lies in the past
2 years, 7 months ago

Stocks week ahead: How long will inflation last? The answer lies in the past

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. “It’s our job to make sure that inflation of that unpleasant high nature doesn’t get entrenched in the economy,” said Fed Chair Jerome Powell last Wednesday, just after he announced a half-point interest rate hike to combat inflation. “There are just so many things that can happen in the economy and around the world.” There’s nothing investors hate more than uncertainty, and as increasing rates pummel US markets, they want more guidance. The Fed began practicing “stop-go” monetary policy, raising benchmark rates as high as 16% and then quickly dropped them again, leading to a cycle in which increased interest rates weren’t sustained for long enough to end inflation or increase growth. But in the long run, said Kessler, “we think Google probably has the strongest fundamentals in large cap internet names.” Up next Monday: Federal Reserve Bank of New York’s April survey of consumer expectations; Earnings from Palantir, Tyson Foods and Duke Energy Tuesday: April NFIB small-business optimism index; Earnings from Sysco, Coinbase and Electronic Arts Wednesday: April consumer price index; Energy Information Administration petroleum status report; Earnings from Disney, Warby Parker and Beyond Meat Thursday: Weekly jobless claims; April producer price index final demand; Earnings from Motorola and Tapestry Friday: April import and export prices; University of Michigan Consumer sentiment

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History of this topic

US Federal Reserve lowers interest rates, signals slower cuts for 2025
Trending News
4 days, 19 hours ago

US Federal Reserve lowers interest rates, signals slower cuts for 2025

India TV News  

The Federal Reserve cut its benchmark interest rate by a quarter for the third consecutive time. Future outlook: Moderate reductions expected by 2025 Another quarterly outlook indicated only two rate cuts in 2025, with officials predicting government rates to reach 3.75 per cent-4 per cent by the end of that year. Fed Governor Michelle Bowman warned that inflation would remain …

Markets tank as Fed slashes rate despite inflation fears: Longest losing streak since 1974
5 days ago

Markets tank as Fed slashes rate despite inflation fears: Longest losing streak since 1974

Daily Mail  

The U.S. Federal Reserve cut interest rates again on Wednesday but signaled it will slow the pace of cuts next year, sending stocks tumbling. 'Economic activity has continued to expand at a solid pace' with an unemployment rate that 'remains low' and inflation that 'remains somewhat elevated,' the central bank's rate-setting committee said on Wednesday. The Dow also fell more …

US Fed cuts interest rates but cautions for year ahead
Trending News
5 days, 19 hours ago

US Fed cuts interest rates but cautions for year ahead

Al Jazeera  

Slower progress on inflation translates into a slower pace of rate cuts, especially as economic growth is brisk. “Economic activity has continued to expand at a solid pace” with an unemployment rate that “remains low” and inflation that “remains somewhat elevated”, the central bank’s rate-setting Federal Open Market Committee said in its latest policy statement on Wednesday. That is half …

Powell says Fed will likely cut rates cautiously given persistent inflation pressures
1 month, 1 week ago

Powell says Fed will likely cut rates cautiously given persistent inflation pressures

Associated Press  

WASHINGTON — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next. In his remarks Thursday, Powell suggested that inflation may remain stuck somewhat above the Fed’s …

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why
1 month, 1 week ago

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why

Live Mint  

The US Federal Reserve will likely stay on course towards delivering another interest rate cut in its December policy meeting even after the latest inflation print revealed that consumer prices rose for the first time in seven months. Wall Street analysts say that October's inflation data "will change little for the US Fed'' when the Federal Open Market Committee will …

Liberal economist Larry Summers issues frightening warning about inflation to Americans following Trump's election
1 month, 1 week ago

Liberal economist Larry Summers issues frightening warning about inflation to Americans following Trump's election

Daily Mail  

Liberal economist Larry Summers warned that inflation is still not fixed and that a Trump administration could make things even worse. Liberal economist Larry Summers warned that inflation is still not fixed and that a Trump administration could make things even worse Summers is worried that President-elect Donald Trump may only make 'Bidenflation' worse The central bank made a 25 …

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy
1 month, 1 week ago

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy

Live Mint  

The United States dollar rose to nearly a seven-month high against major currencies on Wednesday, November 13, after the U.S. inflation data for October showed an increase, in line with market expectations and hinted that the Federal Reserve would keep cutting rates, reported the news agency Reuters. The US dollar rose to its highest level since April 16, fueled by …

Trump enters just as the Fed is shifting its focus
1 month, 2 weeks ago

Trump enters just as the Fed is shifting its focus

Live Mint  

With its second consecutive interest-rate cut this year, the Federal Reserve is attempting to boost the odds of a soft landing. Alternatively, any resurgence in inflation could force the Fed to stop cutting rates, raising the odds that the economy faces a hard landing later in Trump’s term. Due in part to the Fed cutting rates with a solid economy, …

'The time has come' to lower interest rates: Fed Chair Jerome Powell
4 months ago

'The time has come' to lower interest rates: Fed Chair Jerome Powell

NPR  

'The time has come' to lower interest rates: Fed Chair Jerome Powell toggle caption Drew Angerer/Getty Images North America Federal Reserve chairman Jerome Powell says he's increasingly confident that inflation will soon be tamed, setting the stage for the central bank to start cutting interest rates next month. Speaking at one of the most closely-watched annual gatherings of global central …

Inflation likely stayed low last month as Federal Reserve edges closer to cutting rates
4 months, 1 week ago

Inflation likely stayed low last month as Federal Reserve edges closer to cutting rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. For months, cooling inflation has …

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates
4 months, 1 week ago

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates

LA Times  

A sale sign is displayed on a store clothes rack. Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from June to July after dropping slightly the previous month for the first time in four years. At a news conference last month, Powell said that cooler inflation data this spring had strengthened the Fed’s confidence that …

Ex-regional Fed president: Inflation headed lower, with interest rates likely to follow
5 months ago

Ex-regional Fed president: Inflation headed lower, with interest rates likely to follow

Associated Press  

WASHINGTON — Having worked in the Federal Reserve system her entire career, Loretta Mester rose to become president of the Cleveland Fed for a decade until her retirement on June 30. During most of her years on the Fed’s interest-rate-setting committee, Mester was likely to favor relatively higher interest rates to contain inflation. Yet in a recent interview Mester reiterated …

Powell says Federal Reserve is more confident inflation is slowing to its target
5 months, 1 week ago

Powell says Federal Reserve is more confident inflation is slowing to its target

Associated Press  

WASHINGTON — Chair Jerome Powell said Monday that the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point. “We’ve had three better readings, and if you average them, that’s a pretty good pace,” Powell said of inflation …

Powell stresses message that US job market is cooling, a possible signal of coming rate cut
5 months, 1 week ago

Powell stresses message that US job market is cooling, a possible signal of coming rate cut

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell on Wednesday reinforced a message that the Fed is paying growing attention to a slowing job market and not only to taming inflation, a shift that signals it’s likely to begin cutting interest rates soon. “We also have an employment mandate.” On Tuesday, when Powell addressed the Senate Banking Committee, he suggested that …

US Fed holds interest rates and pencils at just one cut this year
6 months, 1 week ago

US Fed holds interest rates and pencils at just one cut this year

Hindustan Times  

The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March after inflation stalled in the first quarter. Kevin Dietsch/Getty Images/AFP The Fed voted unanimously to keep its benchmark interest rate between 5.25 and 5.50 percent, and said that "modest" progress had been …

US inflation eases to 3.3% in May, defying expectations for slight rise
6 months, 1 week ago

US inflation eases to 3.3% in May, defying expectations for slight rise

Hindustan Times  

Stock markets surged Wednesday after data showed US inflation slowed in May, raising hopes the Federal Reserve will cut interest rates later this year. "The cool inflation numbers should boost investor confidence for a Fed rate cut in the second half of 2024," said Bret Kenwell, US investment analyst at trading platform eToro. With inflation slowing and other recent data …

Federal Reserve sees some progress on inflation but envisions just one rate cut this year
6 months, 1 week ago

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Associated Press  

WASHINGTON — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers’ forecast for one rate cut was down from their previous projection of three cuts, because inflation, despite having cooled in the past two months, …

Inflation eases in May, but major relief on interest rates not coming soon
6 months, 1 week ago

Inflation eases in May, but major relief on interest rates not coming soon

LA Times  

Federal Reserve Chair Jerome H. Powell and his colleagues at the central bank have kept interest rates at a more than 20-year high to fight inflation. The Federal Reserve has raised interest rates to the highest level in more than two decades to fight inflation, and on Wednesday policymakers said the fight wasn’t over. “But we don’t see ourselves as …

High US interest rates forever: Do not count on this scenario
6 months, 3 weeks ago

High US interest rates forever: Do not count on this scenario

Live Mint  

In spite of the highest Federal Reserve policy rates in two decades, the US economy grew about 2.5% last year, unemployment remains low and stocks are near all-time highs, leading many observers to conclude that the economy has become less interest-rate sensitive—and probably needs permanently high benchmark rates to prevent overheating. Once inflation had been beaten, economists assumed that policy …

An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year
6 months, 3 weeks ago

An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year

Associated Press  

WASHINGTON — A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Overall inflation increased 0.3% from March to April, the same as in the previous month, and 2.7% from a year earlier, also unchanged from March’s figure. Friday’s …

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year
6 months, 3 weeks ago

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year

LA Times  

A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Inflation fell sharply in the second half of last year before sticking well above the Fed’s 2% target in the first few months of 2024. Friday’s report also showed …

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
6 months, 3 weeks ago

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

Associated Press  

WASHINGTON — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation. But with inflation remaining stubbornly above the Fed’s target level, Wall Street traders now expect just one rate …

US inflation eased last month in the first slowdown of 2024
7 months, 1 week ago

US inflation eased last month in the first slowdown of 2024

Associated Press  

WASHINGTON — Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team. Instead, he stressed that the Fed’s policymakers need “greater confidence” that inflation is falling to their 2% …

Federal Reserve says interest rates will stay at two-decade high until inflation further cools
7 months, 3 weeks ago

Federal Reserve says interest rates will stay at two-decade high until inflation further cools

Associated Press  

WASHINGTON — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. Despite the recent setbacks, he said, “My expectation is that over the course of this year, we will see …

Fed keeps interest rates at 23-year high
7 months, 3 weeks ago

Fed keeps interest rates at 23-year high

NPR  

Fed keeps interest rates at 23-year high Enlarge this image toggle caption Justin Sullivan/Getty Images Justin Sullivan/Getty Images The Federal Reserve voted to keep interest rates at a 23-year high on Wednesday, as the central bank tries to curb stubborn inflation. "Inflation has eased over the past year but remains elevated," the Fed's rate-setting committee said in a statement. Sponsor …

Fed’s Powell: Elevated inflation will likely delay rate cuts this year
8 months, 1 week ago

Fed’s Powell: Elevated inflation will likely delay rate cuts this year

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates. “Powell’s comments make it clear the Fed is now looking past June,” when many economists had previously expected rate cuts to begin, Krishna Guha, an analyst …

As US inflation ticks back up, it could impact the presidential election
8 months, 1 week ago

As US inflation ticks back up, it could impact the presidential election

Al Jazeera  

The fight against inflation is far from over and could reduce the chances of interest rate cuts for this year. Wednesday’s “disappointing” inflation data in the United States showed a jump from February, dampening expectations of an interest rate cut and raising concerns that inflation could remain stubbornly high. The latest inflation data as well as last week’s jobs data …

Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates
8 months, 3 weeks ago

Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to do so until it sees “more good inflation readings’’ and is more confident that annual price increases are falling toward its 2% target. Speaking at a conference …

Inflation drops to two-year low in boost for rate cut hopes
9 months ago

Inflation drops to two-year low in boost for rate cut hopes

The Telegraph  

Chancellor Jeremy Hunt said the fall in inflation signalled the Government’s plan for the economy was working and paved the way for future tax cuts. He rebuffed talk of a backbench plot to oust him that could derail his economic plans, telling the BBC: “What’s important is the future of our country, and people’s financial security and the peace of …

US inflation unexpectedly rises to 3.2%, dampening hopes of Fed's interest rate cuts in March
9 months, 1 week ago

US inflation unexpectedly rises to 3.2%, dampening hopes of Fed's interest rate cuts in March

Hindustan Times  

US consumer prices witnessed a surge in monthly and annual rates in February, as per the inflation figures issued by the Labour Department on Tuesday. The consumer price index, a frequently followed inflation indicator, climbed 3.2 percent annually in February and 0.4 percent last month alone. Since March 2022, the Fed has progressively raised interest rates through periodic adjustments, bringing …

Jerome Powell testimony: More evidence needed on tamed inflation
9 months, 2 weeks ago

Jerome Powell testimony: More evidence needed on tamed inflation

Associated Press  

WASHINGTON — Chair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but said it first wants to see more evidence that inflation is falling sustainably back to the Fed’s 2% target. Instead, he noted that according to the Fed’s preferred gauge, inflation “has eased notably over the past year” even …

Federal Reserve minutes: Officials worried that progress on inflation could stall in coming months
10 months ago

Federal Reserve minutes: Officials worried that progress on inflation could stall in coming months

Associated Press  

WASHINGTON — Federal Reserve officials acknowledged at their most recent meeting in January that there had been “significant progress” in reducing U.S. inflation. In minutes from the Jan. 30-31 meeting released Wednesday, most Fed officials also said they were worried about moving too fast to cut their benchmark interest rate before it was clear that inflation was sustainably returning to …

US wholesale inflation accelerated in January in latest sign that prices picked up last month
10 months, 1 week ago

US wholesale inflation accelerated in January in latest sign that prices picked up last month

Associated Press  

WASHINGTON — Wholesale prices in the United States picked up in January, the latest sign that some inflation pressures in the economy remain elevated. Fed officials have expressed optimism that inflation is headed lower, and in December they forecast that they would cut their benchmark rate three times this year. Austan Goolsbee, president of the Chicago Fed, said Wednesday that …

Inflation is nearly back to 2%. So why isn’t the Federal Reserve ready to cut rates?
10 months, 2 weeks ago

Inflation is nearly back to 2%. So why isn’t the Federal Reserve ready to cut rates?

Associated Press  

WASHINGTON — From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers. “If interest rates can come down, I think we’re going to start selling more cars.” Kelleher is likely to get his wish by May or June, when most economists …

Fed on track to cut rates this year with inflation slowing and the economy healthy, Powell says
10 months, 2 weeks ago

Fed on track to cut rates this year with inflation slowing and the economy healthy, Powell says

Associated Press  

WASHINGTON — Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year, a move that’s expected to begin as early as May. “I do think the economy is in a good place,” he said, “and there’s every reason to think it can get better.” Powell’s …

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease
1 year ago

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease

LA Times  

The Federal Reserve’s favored inflation gauge shows somewhat more progress against inflation in November than economists had expected. The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that Americans should benefit from lower costs and reduced interest rates in 2024. Friday’s report from the Commerce Department showed that U.S. consumer prices slid …

How the markets and the economy surprised investors and economists in 2023, by the numbers
1 year ago

How the markets and the economy surprised investors and economists in 2023, by the numbers

Associated Press  

NEW YORK — In a year full of big numbers, with strong gains for stocks and even more fantastic flights for crypto, it was one shrinking number that superseded all. It’s still relatively high, particularly after the many years of low inflation that everyone enjoyed before U.S. inflation topped 9% two summers ago. For a while, the worry was even …

Federal Reserve On Cusp Of What Some Thought Impossible: Defeating Inflation Without Steep Recession
1 year ago

Federal Reserve On Cusp Of What Some Thought Impossible: Defeating Inflation Without Steep Recession

Huff Post  

In this photo made with a slow shutter speed, Federal Reserve Board Chair Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve, Wednesday, Dec. 13, 2023, in Washington. “I think it’s really good to see the progress that we’re making,” Chair Jerome Powell said at a news conference Wednesday after the Fed's …

The Federal Reserve could do what was thought impossible: Defeat inflation without a steep recession
1 year ago

The Federal Reserve could do what was thought impossible: Defeat inflation without a steep recession

Associated Press  

WASHINGTON — It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts. Confidence is growing among Federal Reserve officials and many economists that high interest rates and healed supply chains will soon defeat inflation. With inflation cooling, Powell said the 19 officials on the Fed’s policy …

Fed’s Powell notes inflation is easing but downplays discussion of interest rate cuts
1 year ago

Fed’s Powell notes inflation is easing but downplays discussion of interest rate cuts

Associated Press  

WASHINGTON — Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said Friday. Nor is it time to “speculate on when policy might ease,” Powell said, referring to the possibility of cuts in the Fed’s benchmark interest rate, which affects many consumer and business …

The world economy will slow next year because of inflation, high rates and war, OECD says
1 year ago

The world economy will slow next year because of inflation, high rates and war, OECD says

Associated Press  

WASHINGTON — The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates. China’s “consumption growth will likely remain subdued due to increased precautionary savings, gloomier prospects for employment creation and heightened uncertainty,″ the OECD said. The world economy has endured one shock …

Focus still on evolution of inflation in the US
1 year ago

Focus still on evolution of inflation in the US

China Daily  

Customers shop at a Costco store in Foster City, the United States, Jan 12, 2023. The overall judgment set out in the recently released minutes of the meeting of the Federal Open Market Committee, held on Oct 31 and Nov 1, is that the employment, inflation and economic growth data of the United States now all support the decision that …

Key Fed official sees possible ‘golden path’ toward lower inflation without a recession
1 year, 1 month ago

Key Fed official sees possible ‘golden path’ toward lower inflation without a recession

Associated Press  

WASHINGTON — Austan Goolsbee, president of the Federal Reserve Bank of Chicago, suggested Monday that the economy appears to be on what he calls the “golden path,” another term for what economists call a “soft landing,” in which the Fed would curb inflation without causing a deep recession. “Any time we’ve had a serious cut to the inflation rate, it’s …

Fed chief warns still ‘long way to go’ on inflation fight
1 year, 1 month ago

Fed chief warns still ‘long way to go’ on inflation fight

The Telegraph  

The US still has a “long way to go” in the battle to get inflation back to 2pc, Federal Reserve chairman Jay Powell has warned. The central bank chief left the door open for future interest rate rises even as the Fed voted to hold borrowing costs unchanged for the second meeting in a row. The process of getting inflation …

Slower economic growth, rate hikes needed to bring inflation under 2%: Powell
1 year, 2 months ago

Slower economic growth, rate hikes needed to bring inflation under 2%: Powell

Live Mint  

Federal Reserve Chair Jerome Powell said on Thursday, October 19, that inflation in the US remains too high and bringing it down to the Fed's 2 per cent target level will likely require a slower-growing economy and job market. More rate hikes to battle high inflation Powell underscored lingering theme at the US central bank and explained that despite a …

A Recession Is No Longer the Consensus
1 year, 2 months ago

A Recession Is No Longer the Consensus

Live Mint  

Economists are turning optimistic on the U.S. economy. In the latest quarterly survey by The Wall Street Journal, business and academic economists lowered the probability of a recession within the next year, from 54% on average in July to a more optimistic 48%. View Full Image “The probability of recession continues to recede in the U.S. as the banking turmoil …

Just what IS keeping inflation so high? The everyday items that continue to go up in price revealed - as annual rate of inflation holds steady at 3.7%
1 year, 2 months ago

Just what IS keeping inflation so high? The everyday items that continue to go up in price revealed - as annual rate of inflation holds steady at 3.7%

Daily Mail  

Figures are unlikely to significantly impact Fed interest rates, analysts say Annual inflation held steady in September, with prices increasing 3.7 percent on the year prior, thanks mainly to the cost of food and energy. Annual inflation held steady in September, with prices increasing 3.7 percent on the year prior, thanks mainly to the cost of food and energy. Data …

US Fed remains confident in preventing recession, says official
1 year, 2 months ago

US Fed remains confident in preventing recession, says official

Live Mint  

The Federal Reserve is on track to tackle US inflation without pushing the country into a damaging recession, a senior official on the bank's rate-setting committee said Tuesday. "We feel like we're on track for a soft landing," Minneapolis Fed President Neel Kashkari told a conference in North Dakota, using a popular term to describe tackling inflation while avoiding a …

Why the US job market has defied rising interest rates and expectations of high unemployment
1 year, 2 months ago

Why the US job market has defied rising interest rates and expectations of high unemployment

Associated Press  

WASHINGTON — Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households. Grim forecasts from economists had predicted that as the Federal Reserve jacked up its benchmark rate ever higher, consumers and businesses would curb spending, companies would slash jobs and unemployment would spike as high as 7% or more — twice …

Fed keeps rates unchanged and signals optimism about a potential ‘soft landing’
1 year, 3 months ago

Fed keeps rates unchanged and signals optimism about a potential ‘soft landing’

Associated Press  

WASHINGTON — The Federal Reserve left its benchmark interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased. The Fed’s policymakers also signaled that they expect to raise rates once more this year and envision their key rate staying higher in 2024 than …

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