Fed says more ‘confidence’ needed on inflation front before rate cuts can start
The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months.
The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months.
The Federal Reserve will maintain current interest rates, with no cuts announced despite the central bank having suggested several cuts this year.
U.S. prices rose marginally in December, keeping the annual increase in inflation below 3% for a third straight month.
U.S. employers hired more workers than expected in December while raising wages at a solid clip.
U.S. stocks fell on the first trading day of 2024 after investors tempered expectations around interest-rate cuts this year.
U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon nosedive ended Wall Street’s impressive rally.
Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession.
Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S. Federal Reserve will cut interest rates as soon as March.
U.S. job openings fell to more than a 2-1/2-year low in October, the strongest sign yet that higher interest rates were dampening demand for workers.
Sales of new U.S. single-family homes fell more than expected in October, likely as higher mortgage rates reduced affordability.