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WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to do so until it sees “more good inflation readings’’ and is more confident that annual price increases are falling toward its 2% target.
Two weeks ago, Chair Jerome Powell suggested that the Federal Reserve was “not far” from gaining the confidence it needed that inflation was headed sustainably toward its 2% target level, which would allow it to start cutting its benchmark interest rate.
WASHINGTON (AP) — Across the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates. Wall Street traders envision higher stock prices. Consumers are looking for a break on credit card debt at record-high interest rates.
Here are the most important news items that investors need to start their trading day: Stocks notched a strong day ahead of Friday's jobs report. The S&P 500 notched a record close on Thursday, while the Nasdaq Composite hit a fresh high during the session. February jobs numbers, and what they mean for monetary policy, will be the market catalyst on Fr
WASHINGTON (AP) — A sweeping bank regulatory proposal will be significantly revised by year’s end, Federal Reserve Chair Jerome Powell said Thursday, a potential victory for the large banks that have aggressively opposed the likely changes.
Asian shares were trading mixed Thursday, after Wall Street recovered some losses from the day before.
WASHINGTON (AP) — When will the Federal Reserve start cutting interest rates this year, and by how much?