May 1 (UPI) — The Federal Reserve Wednesday voted to keep interest rates unchanged, in line with expectations as inflation remains above the central bank’s 2% threshold. The Federal reserve’s Federal Open Market Committee said in a statement that the central bank left interest rates for overnight bank borrowing within a range of 5.25%-5.5%. With CPI inflation at 3.5%, the […] The post Fed leaves interest rates unchanged amid inflation rate higher than 2% target first appeared on Gephardt Daily.
Micro Trumps Macro As Stocks Shrug Off Week Of Higher Inflation, Higher Rates, & Lower Growth It was an ugly macro week Source: Bloomberg and worse still, 'growth' surprises disappointed significantly while 'inflation' surprises surprised to the upside significantly Source: Bloomberg Soaring inflation expectations sent rate-cut expectations to new cycle lows Source: Bloomberg pushing yields higher across the board (led by the long-end) Source: Bloomberg But, stocks...
High interest rates have created strong headwinds for the global energy transition, according to a new report by Wood Mackenzie.
Electric vehicle registrations rose in recent years despite interest rates also rising. Experts caution Canada's transition to EVs could still be challenging.
The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic.
Light trading volumes are expected in Europe Wednesday with only London's FTSE index open due to the May Day/Labour Day public holiday in the region.
Ibotta began it’s path as a public company on Thursday by opening at $117 per share, a big increase from its IPO price of $88, itself an increase from its
The Fed also offered financial markets some assistance by saying it would slow the pace of how
By ELAINE KURTENBACH AP Business Writer Markets in Asia apart from Shanghai’s were broadly higher Monday, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020. Oil prices fell while U.S. futures advanced. Hong Kong’s Hang Seng led the region, gaining 1.6% to 16489.08.
Markets in Asia apart from Shanghai’s are broadly higher, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
The Federal Reserve is expected to announce Wednesday that it will hold its