Michael RaineyMarch 20, 2024At the conclusion of its March meeting on Wednesday, the Federal Reserve announced that it will hold its benchmark
The Federal Open Market Committee's March projections for rate cuts shows a median Federal funds rate of 4.6% in 2024, versus 5.25%-5.50% today.
The US Federal Reserve could provide additional clues on Wednesday about how much it will cut interest rates this year, but it is almost certain to leave its key lending rate unchanged for the time being.Following two days of debate, the Fed's rate-setting Federal Open Market Committee (FOMC) will publish its interest rate decision Wednesday, along with an updated summary of economic projections (SEP) that includes policymakers' interest rate expectations for 2024 and beyond.The US central bank...
Beneath the surface, several important messages came out of Jerome Powell’s press conference.
Goldman Sachs Group Inc. economists changed their forecast for Federal
The average probability of a soft landing was 52%, up from 47% in the January CNBC Fed survey.
Immigration has helped fill job openings during a time of low unemployment and kept consumer spending high, according to JPMorgan’s Joyce Chang.
Inflation fell sharply last year but progress has stalled in recent months.
The Fed Funds rate remains between 5.25% and 5.5%, matching its highest level since 2001.
WASHINGTON (AP) — Federal Reserve officials signaled that they still expect to cut their key interest rate
The Fed's decision comes as markets grow increasingly nervy about the persistence of inflation after two consecutive overshoots.
In the latest TV ratings, CBS’ Young Sheldon was Thursday’s most-watched show, while ABC‘s 9-1-1 and Grey’s Anatomy led the night in the demo. ABC | 9-1-1 christened its new network with 4.93 million total viewers and a 0.6 demo rating (per Nielsen finals), improving on its average Season 6 audience while rock-steady in the […]