The Federal Reserve kept rates near zero but cited progress in the U.S. job market, a sign it remains on course to raise interest rates in September or later this year.

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Topics:  federal reserve   u.s    september   job   raise   rates   
BING NEWS:
  • Emerging Assets Slide as Hot US Inflation Delays Fed Cut Odds
    Emerging-market currencies declined and stocks trimmed gains after hotter-than-expected US inflation numbers curbed bets that the Federal Reserve will cut interest rates. MSCI’s gauge of ...
    04/10/2024 - 10:11 am | View Link
  • Stocks end the day higher even as blowout jobs report pushes some Fed officials to consider another rate hike
    That blew past expectations for 205,000 job gains, according to FactSet consensus ... Still, all three major indexes are on track to end the week lower, after tumbling on worries that the Federal ...
    04/5/2024 - 10:01 am | View Link
  • Brisk Hiring Bolsters Fed’s Cautious Stance on Rate Cuts
    If that is right, the number of jobs can grow faster. Supply alone isn’t enough to generate job gains, however; there has to be demand. At the moment, it still looks as if there is plenty of that.
    04/5/2024 - 6:40 am | View Link
  • Powell sticks with Fed's cautious rate-cut strategy
    STANFORD, California, April 3 (Reuters) - Federal Reserve officials including U.S. central bank chief Jerome Powell on Wednesday continued focusing on the need for more debate and data before ...
    04/3/2024 - 11:19 am | View Link
  • Fed officials consider leaving rates higher for longer
    “Recent readings on both job gains and inflation have come in higher than expected,” Powell said. “The economy added an average of 265,000 jobs per month in the three [months] through ...
    04/3/2024 - 8:28 am | View Link
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