Federal Reserve Approves First Rate Hike Of The Year

Trump's pick to replace Janet Yellen raised rates in his first meeting as chair.

Topics:  janet yellen   rate   
BING NEWS:
  • Options traders ‘did not take Powell completely at his word’ on unlikely chance of a rate hike
    Options traders continue to price in the decent possibility of another Fed rate hike, despite Jerome Powell calling such a move ‘unlikely.’ ...
    05/2/2024 - 9:10 am | View Link
  • Federal Reserve almost rule out rate hike, still focused on stubborn inflation
    Federal Reserve Chair Jerome Powell has all but ruled out a rate hike this year, but was also coy on the chances of big cuts to interest this year. He pointed to stubborn inflation as the cause.
    05/2/2024 - 4:49 am | View Link
  • Powell: Rate cuts will take ‘longer than previously expected’
    Federal Reserve ... first rate cuts won’t come until at least November, according to the CME FedWatch Tool. Powell said it was unlikely that the next policy move would be a rate hike, but ...
    05/1/2024 - 8:46 am | View Link
  • Fed Holds Interest Rate Steady To Fight Still-Too-High Inflation
    Members of the central bank’s policy committee voted unanimously Wednesday to hold the crucial fed funds rate at its current high level to fight inflation that's still running too hot for comfort.
    05/1/2024 - 8:36 am | View Link
  • Powell: Rate Hike 'Unlikely' Next Move As Hope For Cuts Fades
    In March, the Bureau of Labor Statistics reported the Consumer Price Index came in at a rate of 3.5% since last year, an uptick from February's annualized rate of 3.2%. Inflation is down from its ...
    05/1/2024 - 7:26 am | View Link
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