The central bank said that economic activity had continued to expand ‘at a solid pace’ but there had been a ‘lack of further progress’ towards its inflation objective
Since the start of the year, central bankers' best hopes to take pressure
Canadian investors and borrowers are on the edge of their seats as they
The Fed voted to leave interest rates on hold for the sixth consecutive meeting but policymakers flagged a "lack of further progress" on inflation.
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Nowadays, it’s anyone’s guess when the Federal Reserve will begin to cut interest rates this year — if at all. Fed officials are meeting this week, starting Tuesday, to discuss rates and set policy. They’re widely expected to hold rates steady for the sixth straight meeting. But analysts...
New Delhi: Earth is a beautiful planet in our solar system. Humans, along with animals and other living creatures, call it home. Dedicated to this beautiful planet, people across the globe observe Earth Day on April 22. This special day draws the attention of people to the conservation efforts needed to safeguard the beauty of this planet, which is facing several challenges such as climate change and global warming. This special day has been established to honour the efforts of conservationists...
Fed announces it will keep interest rates at 5.25% to 5.5% as rate of inflation remains above target of 2%The Federal Reserve announced on Wednesday that it is holding interest rates steady at 5.25% to 5.5%, their highest level in two decades, as inflation continues to dog the US economy.Though some had hoped the Fed would soon cut interest rates, which are at their highest level since 2007, the annual rate of inflation has stubbornly remained above 3%. The Fed’s target rate is 2%. Continue...
Central bankers were widely expected to leave borrowing costs at a level
WASHINGTON (AP) — After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big question, after they end their latest policy meeting Wednesday, will be: Will they still signal rate cuts at all this year? Wall Street traders now envision just a single rate cut this year to the Fed’s
After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big question, after they end their latest policy meeting Wednesday, will be: Will they still signal rate cuts at all this year? Wall
Powell likely to signal that lower inflation is needed before Fed would cut rates