Federal Reserve Chairman Jerome Powell probably spoke for a lot of people on Wall Street when he explained to reporters how challenging it was to put together the central bank’s new growth and inflation projections. “Right now it’s just a forecast in a very foggy time,” Powell said after he and his colleagues trimmed their…
The Federal Reserve held interest rates steady at its June meeting, as expected, while reaffirming the possibility of two rate cuts later this year. It was a relatively predictable meeting, with the main updates coming from slight revisions to the Fed’s forecasts for GDP, unemployment, and inflation. Markets had little reaction to the news. “Blah…
June 18 – U.S. stocks rose on Wednesday, as investors kept a close eye on the Federal Reserve’s upcoming rate decision and shifting signals from the Middle East. The Dow Jones Industrial Average gained about 258 points, or 0.6%. The S&P 500 advanced roughly 0.5%, while the Nasdaq Composite climbed 0.6%. Oil prices slipped more…
The Federal Reserve said Wednesday it is holding its benchmark interest rate steady, marking a continuation of its “wait-and-see” approach as it assesses the impact of the Trump administration’s economic policies. The central bank also expects inflation to worsen in the coming months, but it still foresees two interest rate cuts by the end of…
Hong Kong is on the cusp of a big, beautiful bull run. But it’s in danger of being ruined. The financial center is finally getting back on its feet. The city is leading in global initial public offerings rankings this year. Its stock market is one of the world’s best performing. Meanwhile, rents have returned…
UPDATE: President Donald Trump made a significant trade announcement Thursday with the United Kingdom, yet another sign of some possible relief from historically high tariffs that have threatened serious damage to the US and global economies. The deal, hammered out at the 11th hour in a late-night call with UK Prime Minister Keir Starmer Wednesday,…
HONG KONG, May 8 (Reuters) – The Hong Kong Monetary Authority (HKMA) left its base rate charged through the overnight discount window unchanged at 4.75% on Thursday, tracking a move by the U.S. Federal Reserve to keep rates steady. Federal Reserve Chair Jerome Powell said on Wednesday “despite heightened uncertainty, the (U.S.) economy is still…
Asian and European markets mostly rose Thursday ahead of weekend tariff talks between China and the United States, with London boosted by reports that a “major trade deal” flagged by Donald Trump was with Britain.After the fireworks sparked by the US president’s “Liberation Day” on April 2, markets have enjoyed a period of calm in…
Behind the Fed decision to hold interest rates steady – CBS News Watch CBS News The Federal Reserve left its benchmark interest rate unchanged. Jo Ling Kent reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
When will the Fed be likely to lower rates? Fed unlikely to lower interest rates despite pressure from Trump 03:21 The Federal Reserve said Wednesday it is leaving its benchmark interest rate unchanged, resisting pressure from President Trump to lower U.S. borrowing costs as policy makers assess the economic impact of his trade policies. By…