Tag: FED

In its latest meeting, the Federal Reserve has opted to hold the federal funds rate steady at 5.25-5.5%, indicating a single rate cut before the end of 2024. Despite inflation easing to 3.3% in May, the Fed’s Chair Jerome Powell has stated that the central bank requires more evidence of sustained progress towards the 2%… Continue reading Fed Stays the Course with Steady Rates, Plans for Gradual Cuts

The Federal Reserve has reaffirmed its commitment to maintaining a tight monetary policy amid inflation concerns, keeping the federal funds rate unchanged at 5.25-5.5%. Despite the Consumer Price Index (CPI) showing a modest decrease to 3.3% in May, the Fed’s cautious approach is informed by the need to see more sustained progress towards its 2%… Continue reading Fed Holds Steady on Interest Rates, Signals Single Cut in 2024 Amid Inflation Concerns

The Federal Reserve’s latest decision to maintain interest rates at 5.25-5.5% and signal only a single rate cut in 2024 reflects its continued vigilance in the fight against inflation. Despite the Consumer Price Index (CPI) showing a modest decrease to 3.3% in May, the Fed’s cautious approach is informed by the need to see more… Continue reading Fed Signals Sole Rate Cut in 2024, Stock Market Hits Record Highs Amidst Inflation Watch

The US inflation landscape showed encouraging signs of easing in May, as the core Consumer Price Index (CPI), excluding volatile food and energy prices, rose by a modest 0.2% from April, the smallest monthly increase since October. This deceleration in inflation has bolstered expectations that the Federal Reserve may consider reducing its benchmark interest rate,… Continue reading US Inflation Eases in May, Fed Rate Cut Expectations Grow