Buckle up: Wall Street’s shaky July could be a preview for more sharp swings
7 months, 4 weeks ago

Buckle up: Wall Street’s shaky July could be a preview for more sharp swings

Associated Press  

NEW YORK — For more than a year, the U.S. stock market went in mostly one direction, up, and in mostly one manner, quietly. A bonanza around artificial-intelligence technology helped drive Big Tech stocks higher, while other areas of the market held up amid rising hopes for coming cuts to interest rates by the Federal Reserve. A measure of fear among investors in U.S. stocks also hit 19.4, its highest level since a blip above 21 in April, the last time waves caused a ripple in the placid market’s surface. It also was a result of a stock market finally shifting to a “show me” phase, now that cuts to interest rates seem imminent, according to Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management. Inflation could prove more resistant to dropping back to the Federal Reserve’s 2% target than many investors expect, which could force the Fed to cut rates more slowly.

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History of this topic

Riksbank Minutes Show Policy Makers Unfazed by Inflation Jump
5 days, 9 hours ago

Riksbank Minutes Show Policy Makers Unfazed by Inflation Jump

Live Mint  

-- Riksbank officials last week agreed on the temporary nature of a recent surge in inflation while also stressing the need for vigilance even as they see no interest-rate moves on the horizon. Several of the five executive board members highlighted differences between the inflation acceleration at the start of 2022 and the situation in past months, according to the …

Central banks turn more cautious on rate cuts
1 week, 4 days ago

Central banks turn more cautious on rate cuts

Live Mint  

* Central bank easing meets global caution * BoE keeps rates steady, SNB cuts on Thursday * BOJ remains the G10 outlier By Yadarisa Shabong and Alun John March 20 - Big developed market central banks are turning cautious after a series of interest rate cuts and as uncertainty in global economics and politics grows. Here's a look at where …

With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold
Trending News
1 week, 4 days ago

With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold

Associated Press  

LONDON — The Bank of England kept its main U.K. interest rate unchanged at 4.50% on Thursday even though the economy is barely growing and the nation faces more uncertainty in light of the tariff policies being enacted by the Trump administration in the U.S. The decision by the nine-member Monetary Policy Committee was widely expected, and comes a day …

U.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
1 week, 4 days ago

U.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

The Hindu  

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Powell acknowledged that the Fed initially thought inflation coming out of the pandemic would be temporary, which led it to delay raising rates to combat higher prices. "We’re going to …

Stock market today: Wall Street edges lower despite solid data on the economy
1 week, 4 days ago

Stock market today: Wall Street edges lower despite solid data on the economy

Associated Press  

NEW YORK — U.S. stock indexes edged lower Thursday following another reminder that big, unsettling policy changes are underway because of President Donald Trump, along with more signals suggesting the U.S. economy remains solid for now. Stocks got a boost Wednesday after the head of the Federal Reserve said the economy remains solid enough at the moment to leave interest …

Fed projections show economy radically changed by Trump’s election
1 week, 4 days ago

Fed projections show economy radically changed by Trump’s election

Live Mint  

The Federal Reserve’s first set of projections since Donald Trump’s inauguration underscored—in the central bank’s understated and technocratic fashion—just how much the president’s plans to press ahead with widespread tariffs have turned the economic outlook on its head. “We now have inflation coming in from an exogenous source, but the underlying inflationary picture before that was basically 2½% inflation, 2% …

US Fed keeps interest rates unchanged: Key takeaways from the meeting
1 week, 4 days ago

US Fed keeps interest rates unchanged: Key takeaways from the meeting

India Today  

The US Federal Reserve has decided to keep interest rates steady, maintaining its benchmark rate in the range of 4.25-4.50%. Here are the key takeaways from the meeting: INTEREST RATES UNCHANGED The Federal Open Market Committee voted to keep interest rates unchanged. The Fed had previously signalled that it could consider rate cuts in 2025, but policymakers are closely watching …

Will US Fed's rate pause derail RBI's liquidity easing plans?
1 week, 4 days ago

Will US Fed's rate pause derail RBI's liquidity easing plans?

India Today  

The US Federal Reserve kept its benchmark interest rate steady at 4.25%-4.50%, as expected. The Reserve Bank of India has already started liquidity easing, and there’s growing speculation that another 25 bps rate cut could be on the horizon. The Fed’s stance could create a tailwind for global equities.” Foreign institutional investors have been cautious in recent months, but a …

Sensex, Nifty opening today: Will market react to US Fed interest rate decision?
1 week, 4 days ago

Sensex, Nifty opening today: Will market react to US Fed interest rate decision?

India Today  

Sensex and Nifty are set to open higher on Thursday, continuing their positive momentum for the fourth straight session. The market is expected to react to the US Federal Reserve’s decision to keep interest rates unchanged while maintaining its projection for rate cuts later this year. The US Federal Reserve has decided to keep interest rates steady, maintaining its benchmark …

Stock market today: Wall Street edges lower despite solid data on the economy
1 week, 4 days ago

Stock market today: Wall Street edges lower despite solid data on the economy

LA Times  

People work on the floor at the New York Stock Exchange in New York. U.S. stock indexes edged lower Thursday following another reminder that big, unsettling policy changes are underway because of President Donald Trump, along with more signals suggesting the U.S. economy remains solid for now. Wall Street has been swinging for weeks on a roller-coaster ride, as stock …

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
Trending News
1 week, 5 days ago

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

Hindustan Times  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged The Fed also now expects the economy to grow more slowly this year and next than …

Federal Reserve keeps interest rate unchanged, sees slower growth and higher inflation
1 week, 5 days ago

Federal Reserve keeps interest rate unchanged, sees slower growth and higher inflation

Firstpost  

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year, though it said the outlook is more uncertain US Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, DC on Wednesday. AFP The Federal Reserve kept …

US Fed Policy: Will Donald Trump’s tariff chaos pinch Jerome Powell? Interest rate to ‘dot plot’—5 indicators to watch
1 week, 5 days ago

US Fed Policy: Will Donald Trump’s tariff chaos pinch Jerome Powell? Interest rate to ‘dot plot’—5 indicators to watch

Live Mint  

US Fed Policy: The US Federal Reserve is all set to announce its monetary policy decision on March 19, after a two-day review meeting to deliberate on the central bank's benchmark interest rate and the state of the US economy. This is the second policy verdict by US Fed Chair Jerome Powell-led Federal Open Market Committee for 2025 and holds …

The Fed holds interest rates steady but cuts economic growth forecasts because of tariffs
55 years, 2 months ago

The Fed holds interest rates steady but cuts economic growth forecasts because of tariffs

CNN  

An exterior view of the Marriner S. Eccles Federal Reserve building on November 8, 2024, in Washington. Aaron M. Sprecher/AP Investors are all but certain the Federal Reserve will hold interest rates steady at this month’s meeting. That’s why investors will be paying much closer attention to the Fed’s so-called “dot plot,” set to be released at 2 pm ET, …

Stock market today: Wall Street rises ahead of Fed announcement
1 week, 5 days ago

Stock market today: Wall Street rises ahead of Fed announcement

Associated Press  

NEW YORK — U.S. stock indexes are rising Wednesday as Wall Street waits to hear what the Federal Reserve will say in the afternoon about where interest rates may be heading. Virtually all of Wall Street is expecting the Fed to announce no change to its main interest rate this afternoon, as it waits to see how conditions play out. …

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged
1 week, 5 days ago

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged

Associated Press  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. I do think with the arrival of the tariff inflation, further progress may be delayed.” On his Truth Social platform late Wednesday, Trump posted: “The Fed would be …

US Fed expected to sit tight as Trump tariff fears buffet markets
1 week, 5 days ago

US Fed expected to sit tight as Trump tariff fears buffet markets

Raw Story  

by Daniel AVIS The US Federal Reserve is widely expected to extend its rate cut pause on Wednesday as it seeks to chart a path through the economic turbulence unleashed by President Donald Trump's on-again, off- again approach to tariffs. Many analysts fear Trump's tariffs, civil service job cuts, and immigration plans could push up inflation and hamper economic growth, …

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos
1 week, 5 days ago

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos

CNN  

Washington CNN — The Federal Reserve on Wednesday kept interest rates unchanged as central bank officials weigh the impact of President Donald Trump’s aggressive economic agenda. Fed Chair Jerome Powell in his post-meeting news conference acknowledged the high level of uncertainty among American consumers and businesses — a lot of it stemming from the Trump administration’s “turmoil,” he said. Powell …

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos
1 week, 5 days ago

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos

CNN  

Washington CNN — The Federal Reserve on Wednesday kept interest rates unchanged as central bank officials weigh the impact of President Donald Trump’s aggressive economic agenda. Fed Chair Jerome Powell in his post-meeting news conference acknowledged the high level of uncertainty among American consumers and businesses — a lot of it stemming from the Trump administration’s “turmoil,” he said. Powell …

Wall Street drifts higher ahead of Fed announcement
1 week, 5 days ago

Wall Street drifts higher ahead of Fed announcement

India Today  

U.S. stocks are drifting higher Wednesday as Wall Street waits to hear what the Federal Reserve will say in the afternoon about where interest rates may be heading. If the economy gets too weak, the Fed could cut interest rates in order to give it a boost, as it has in so many prior downturns. Virtually all of Wall Street …

Trump’s Trade Salvos Test Nerves of Central Bankers
2 weeks, 1 day ago

Trump’s Trade Salvos Test Nerves of Central Bankers

Live Mint  

An anxious sense of wait-and-see may emerge from central banks in the coming week, in their first collective assessment of how President Donald Trump’s trade policies are impacting the world economy. Taiwan Taiwan’s central bank decision is also due on Thursday, and officials in Taipei are expected to keep the benchmark rate at 2% for a fourth straight meeting. Chile …

Powell says Fed marking time to see economic impact of Trump policies
Trending News
3 weeks, 2 days ago

Powell says Fed marking time to see economic impact of Trump policies

Live Mint  

March 7 - The U.S. central bank will be in no rush to cut interest rates while it waits for more clarity on how the policies of the new Trump administration affect the economy, Federal Reserve Chair Jerome Powell said at an economic forum in New York City on Friday. MARKET REACTION: STOCKS: The S&P 500 pared a loss and …

Inflation eases to 2.4% in Europe, supporting likely central bank rate cut
4 weeks ago

Inflation eases to 2.4% in Europe, supporting likely central bank rate cut

Associated Press  

FRANKFURT, Germany — Inflation in Europe eased to an annual 2.4% in February, supporting the case for another interest rate cut from the European Central Bank - but leaving open how far the central bank will go in lowering borrowing costs for an economy that’s still struggling to show robust growth. The February figure for the 20 countries that use …

US Fed Meeting Minutes: Officials signal caution on interest rate amid inflation concerns
Trending News
1 month, 1 week ago

US Fed Meeting Minutes: Officials signal caution on interest rate amid inflation concerns

Live Mint  

US Federal Reserve officials remain cautious about adjusting interest rates, emphasizing the need for further progress on inflation before making any changes, minutes from the Federal Open Market Committee’s January 28-29 meeting showed, according to a Bloomberg report. “Participants indicated that, provided the economy remained near maximum employment, they would want to see further progress on inflation before making additional …

Federal Reserve officials see risks of higher inflation ahead, support pause in rate cuts
1 month, 1 week ago

Federal Reserve officials see risks of higher inflation ahead, support pause in rate cuts

Associated Press  

WASHINGTON — Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged. According to minutes of the Jan. 28-29 meeting, which were released Wednesday, Fed officials said that President Donald Trump’s proposed tariffs and mass deportations of migrants, as well as strong consumer spending, …

Markets scale back US Fed rate cut bets for 2025 amid inflation uncertainty
1 month, 2 weeks ago

Markets scale back US Fed rate cut bets for 2025 amid inflation uncertainty

Live Mint  

Market expectations of multiple rate cuts from the US Federal Reserve this year have weakened after US consumer prices rose more than expected in January, increasing the likelihood that the central bank will keep interest rates higher for longer. Policymakers are closely watching White House trade policy, with President Donald Trump pushing aggressive tariffs that also could boost prices and …

Powell says Trump’s comments won’t affect interest rate decisions by the Fed
Trending News
1 month, 2 weeks ago

Powell says Trump’s comments won’t affect interest rate decisions by the Fed

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions. !” Yet Powell indicated during a press conference last month that the Fed, after cutting its key rate three times late last year, would hold off on further cuts as it waited …

US inflation tops forecasts, dimming chances for Federal Reserve rate cuts
1 month, 2 weeks ago

US inflation tops forecasts, dimming chances for Federal Reserve rate cuts

Hindustan Times  

Underlying US inflation last month rose by the most since March, diminishing chances the Federal Reserve will lower interest rates anytime soon. The so-called core consumer price index — which excludes food and energy costs — increased 0.4% in January after a 0.2% advance in December, Bureau of Labor Statistics figures showed Wednesday. Wednesday’s report serves as further evidence that …

U.S. inflation fight to take time in 'highly uncertain' environment: Fed official
1 month, 2 weeks ago

U.S. inflation fight to take time in 'highly uncertain' environment: Fed official

Raw Story  

The U.S. Federal Reserve is in a strong position to weather the "highly uncertain" economic outlook, but its inflation fight will take time to win, a senior US central bank official said Tuesday. "From where we are now, a number of signs indicate that inflation will continue to move toward our two percent longer-run goal," added Williams, a permanent voting …

Powell says Fed doesn’t need to rush on rate cuts
1 month, 2 weeks ago

Powell says Fed doesn’t need to rush on rate cuts

Live Mint  

WASHINGTON—Federal Reserve Chair Jerome Powell delivered a simple message to Congress to start two days of testimony on Tuesday: Because the economy is doing well, the Fed can take its time to decide when and whether to lower interest rates. Powell defended last year’s rate cuts as a needed recalibration of its policy stance to account for improvement on inflation …

Inflation soars in January, hampering plans for rate cuts
1 month, 2 weeks ago

Inflation soars in January, hampering plans for rate cuts

Salon  

Inflation in the United States suddenly rose in January, in a turn of events one Federal Reserve Bank president called "sobering." The latest update showed that inflation rose to 3 percent in January — a leap of 0.5% and the fastest monthly increase since August 2023 — after many common household goods soared in price. Austan Goolsbee, president of the …

‘US Fed ‘well positioned’ for risks amid Trump tariffs’: Jerome Powell reiterates ‘go-slow’ approach on rate cuts
1 month, 2 weeks ago

‘US Fed ‘well positioned’ for risks amid Trump tariffs’: Jerome Powell reiterates ‘go-slow’ approach on rate cuts

Live Mint  

US Federal Reserve Chair Jerome Powell reaffirmed the central bank’s cautious stance on interest rates during his testimony before Congress on Tuesday, stating that inflation remains elevated while the job market remains strong. Higher interest rates could prolong elevated mortgage rates and borrowing costs, though long-term Treasury yields, which influence mortgage rates, move independently of Fed decisions. Impact of Trump …

Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill
1 month, 3 weeks ago

Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill

Associated Press  

WASHINGTON — The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more officials say they want to see how new policies from the White House affect the economy. On Friday, Fed governor Adriana Kugler said that the labor market was “stable” and that “gives us a little bit of …

ECB to look past Trump risk and push on with rate cuts
2 months ago

ECB to look past Trump risk and push on with rate cuts

Raw Story  

by Sam Reeves Despite U.S. President Donald Trump's saber-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track. "We are confident of seeing inflation at target in the course" of this year, President Christine Lagarde said in an interview with US broadcaster …

The Federal Reserve ignored Trump’s interest rate demands — and he’s not taking it well
2 months ago

The Federal Reserve ignored Trump’s interest rate demands — and he’s not taking it well

CNN  

New York CNN — The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates. “But restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow …

Fed leaves rates unchanged, sees no hurry to cut again
Trending News
2 months ago

Fed leaves rates unchanged, sees no hurry to cut again

Live Mint  

* US central bank leaves policy rate in 4.25%-4.50% range * Officials still waiting for clarity on Trump policies * 'We do not need to be in a hurry,' Powell says By Howard Schneider, Michael S. Derby WASHINGTON, Jan 29 - The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell said there would …

How Federal Reserve's interest rate pause will impact regular American wallets
2 months ago

How Federal Reserve's interest rate pause will impact regular American wallets

Hindustan Times  

Borrowers hoping for more financial relief from the Federal Reserve may need to wait longer, as the central bank is expected to pause additional rate cuts at its January 29 meeting. Federal Reserve officials held interest rates steady, pausing to assess the inflation outlook following a string of rate reductions last year. How Fed's interest rate pause affects borrowers “Anyone …

US FOMC to announce interest rate decision soon: Will Fed cut rates due to Trump pressure?
2 months ago

US FOMC to announce interest rate decision soon: Will Fed cut rates due to Trump pressure?

Firstpost  

Last week, Trump revived his criticism of the Fed and its chair Jerome Powell, whom he first appointed to run the US central bank. ‘I’ll demand that interest rates drop immediately,’ he said After three interest rate cuts in a row, the US Federal Reserve is expected to take a breather on Wednesday and signal it will remain on pause …

Fed hold rates steady, sees inflation as ‘elevated,’ as Powell declines comment on Trump
2 months ago

Fed hold rates steady, sees inflation as ‘elevated,’ as Powell declines comment on Trump

Associated Press  

WASHINGTON — The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue. In a statement, the Fed said the job market is “solid,” and noted …

Inflation fall sparks hopes for a rate cut
2 months ago

Inflation fall sparks hopes for a rate cut

ABC  

Welcome to The World Today. Andy Park: So the question that really matters is how will the Reserve Bank likely view these figures ahead of next month's interest rates decision? Andy Park: Two of Victoria's national parks remain closed as fire crews continue to bring several large bushfires under control in Victoria's west. Kathleen O'Connor: Fire crews have spent the …

Fed pauses interest rate cuts. What happens next may depend on Trump
2 months ago

Fed pauses interest rate cuts. What happens next may depend on Trump

LA Times  

President Trump nominated Jerome Powell to be the Fed chair in 2017 but frequently criticized him for not lowering interest rates in Trump’s first term. After three successive interest rate cuts, the Federal Reserve on Wednesday made no change in its benchmark lending rate amid new economic uncertainties over the outlook for inflation and President Trump’s continued threats of new …

The Federal Reserve holds interest rates steady as inflation remains stubborn
2 months ago

The Federal Reserve holds interest rates steady as inflation remains stubborn

NPR  

The Federal Reserve holds interest rates steady as inflation remains stubborn toggle caption Andrew Caballero-Reynolds/AFP The Federal Reserve held interest rates steady Wednesday as it seeks to curb stubborn inflation. Sponsor Message While the decision to leave rates unchanged was widely expected, it sets up a potential clash with President Trump, who told reporters earlier this month that he believes …

Key takeaways from the Fed’s decision to pause interest rate cuts
2 months ago

Key takeaways from the Fed’s decision to pause interest rate cuts

CNN  

Washington CNN — The Federal Reserve on Wednesday hit pause on interest rate cuts in its first key decision of President Donald Trump’s second term. Fed officials reached that conclusion in their latest policy statement, omitting a phrase included in the previous statement that said inflation has “made progress.” Officials have said recently that they’re still confident inflation will eventually …

US Fed leaves rates unchanged, says uncertainty from potential tariffs
2 months ago

US Fed leaves rates unchanged, says uncertainty from potential tariffs

Al Jazeera  

US Fed is in a holding pattern as it awaits more inflation and jobs data and clarity on President Donald Trump’s tariffs. After several months in which inflation data has largely moved sideways, the US central bank dropped from its latest policy statement language saying that inflation “has made progress” towards the Fed’s 2 percent inflation goal, noting only that …

US Fed to unveil first interest rate decision for 2025 on Jan 29: Will Donald Trump’s remarks impact FOMC policy?
2 months ago

US Fed to unveil first interest rate decision for 2025 on Jan 29: Will Donald Trump’s remarks impact FOMC policy?

Live Mint  

The US Federal Reserve will unveil its first monetary policy decision for 2025 on Wednesday, January 29. Regarding the current US Fed interest rates, Trump has said that he seeks to lower them by unleashing energy production and would speak to the US Federal Reserve if needed. How Donald Trump's remarks weigh on US Fed policy The US Federal Reserve …

Federal Reserve expected to stand pat on rates even as Donald Trump demands cuts
2 months ago

Federal Reserve expected to stand pat on rates even as Donald Trump demands cuts

The Hindu  

The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates. Some officials, including Beth Hammack, president of the Fed’s Cleveland branch, have argued that the persistence of inflation means the Fed should keep its key rate …

Federal Reserve expected to stand pat on rates even as Trump demands cuts
2 months ago

Federal Reserve expected to stand pat on rates even as Trump demands cuts

Associated Press  

WASHINGTON — The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates. Trump, last Thursday, made clear he expects to comment on interest-rate policy and said, “I know interest rates much better than they do.” At …

Why are interest rates rising when the Fed has been cutting them?
2 months, 2 weeks ago

Why are interest rates rising when the Fed has been cutting them?

Associated Press  

NEW YORK — What’s shaking Wall Street seems so backwards. The bond market’s moves might seem strange given that the Federal Reserve has lowered interest rates three times starting in September. But the Fed’s influence is limited when it comes to the interest rates that are currently knocking the stock market around, chiefly the 10-year Treasury yield. And the 10-year …

US inflation likely remained sticky-high last month, threatening interest rate cuts
2 months, 2 weeks ago

US inflation likely remained sticky-high last month, threatening interest rate cuts

Hindustan Times  

US inflation probably worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much this year. Last Friday's unexpectedly strong jobs report caused stock and bond prices to plunge on fears that a healthy economy could keep …

Fed official says further rate cuts can wait
2 months, 3 weeks ago

Fed official says further rate cuts can wait

Live Mint  

ST. LOUIS—A Federal Reserve official said he viewed last month’s decision to lower interest rates as a “close call" because the economic outlook appears to be different now than it was when the central bank started cutting rates four months ago. The “textbook response" would call for not changing the Fed’s policy outlook if prices rise in a one-off fashion, …

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