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But the most important number offered by Fed officials was the FOMC’s surprisingly bullish expectations for economic growth, revised upward, as our Chart of the Week shows.
The Fed has been the story of the year for investors. And this week, Jay Powell & Co. gave markets a preview of the tale they expect to tell in 2024: lower interest rates.
As our Chart of the Week shows, the economists have been caught off guard. September’s report has suddenly changed expectations for the Fed’s trajectory, ...
The Fed hiked the federal funds rate (overnight interest rates) to a two-decade high of 5.33% between Mar. 2022 and Aug. 2023, in order to tame an inflation surge that resulted from pandemic ...
But the holiday-shortened week will still give Wall Street a chance to parse through the Fed's expectations for next year's interest rate decisions. Central bankers now predict a shallower rate ...
A key inflation metric is back to trending below the Fed’s 2% target: Chart of the Week. Ethan Wolff-Mann. August 31, 2024 at 6:00 AM ... rose 0.2% from the prior month, in line with expectations.
The report comes just one week before the Federal Reserve will dole out its next policy decision. After cutting rates by half a percentage point in September, markets have priced in a roughly 96% ...
The Fed's preferred inflation gauge will test a stock market near record highs in a holiday-shortened trading week. ... back expectations for interest rate cuts again. Investors are now pricing in ...