Fed Meets Today: Watch Out for Interest Rate Hikes Instead of Cuts This Year, One Economist Says
If you figured the Federal Reserve would lower interest rates soon, you may want to prepare for the opposite to happen. Experts expect the Fed to hold rates steady at its meeting that starts today, and one economist says rate hikes are more likely than cuts this year, as the Fed tries to squash stubbornly high inflation.
Higher interest rates were supposed to bring a lot of pain for Americans. So far that hasn't happened.Why it matters: The ...
The slowdown marked a break from a string of data showing surprising strength in the labor market. Wages rose less than ...
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Fed Stands Pat on Interest Rates – But Announces Policy Change That May Have Long-Term ImpactAs a result, there will be no change in the current 5.3 percent rate. However, it also announced it would cut the selling ...
Consumer prices overall increased 2.7% from a year earlier, above February's 2.5% rise but well below the 40-year high of 7% ...
Treasury yields deepen losses after the Fed confirmed expectations of another hold and as Chair Powell stuck to the data-dependency rhetoric while avoiding to indicate another interest rate increase ...
WASHINGTON (AP) — The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs in a sign that persistently high interest rates ... high levels. The Fed raised its ...
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