Interest rates

A cooler inflation figure ratchets up political pressure on Jerome Powell

by

A new wave of political pressure greeted Fed Chairman Jerome Powell as he and his colleagues gathered in Washington this week to discuss the direction of interest rates and a cooler-than-expected inflation reading on Wednesday. reinforced that consideration. From the left, the immediate reaction from Senator Martin Heinrich, the chairman of the Joint Economic Committee … Read more

The federal interest rate sees no change

by

The Federal Reserve on Wednesday kept the key interest rate unchanged and signaled that only one cut is expected before the end of the year. With markets hoping for a more accommodative central bank, Federal Open Market Committee policymakers took two rate cuts off the table after their two-day meeting from three indicated in March. … Read more