Federal Reserve Vice Chairman Stanley Fischer said he continues to expect the central bank to raise rates about two more times this year, while down playing the economic impact of the Trump administration’s failure to deliver on its health care overhaul pledge.

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BING NEWS:
  • Goldman Sachs shifts interest-rate outlook ahead of key inflation report
    If coming monthly core PCE price indexes show year-on-year inflation in the low 2% range, most Fed officials will support a rate cut, the Goldman economists said. The core PCE index, which excludes ...
    05/29/2024 - 9:23 am | View Link
  • Abercrombie & Fitch shares rally on record Q1 results, upbeat outlook
    ET with share price gains, excerpts from earnings call.  Buoyed by solid Q1 results and an improved outlook for FY24, shares of Abercrombie & Fitch were rallying during Wednesday's regular session as ...
    05/29/2024 - 6:13 am | View Link
  • Exclusive: Fed's Williams welcomes inflation data, not ready to seek rate cuts
    NEW YORK, May 16 (Reuters) - Federal Reserve Bank of New York President John Williams welcomed the arrival of softer consumer inflation data, he told Reuters, but said that positive news is not ...
    05/15/2024 - 11:01 pm | View Link
  • Fed's Bostic says economy likely slowing, though rate-cut timing uncertain
    "I'm hopeful that we do continue to see this slowing down because my outlook really says that you ... last week to hold the benchmark interest rate steady again in the 5.25%-5.50% range that ...
    05/9/2024 - 11:02 pm | View Link
  • The Fed’s Rate Pause Is Good News for Savers. Here’s Why
    The Fed doesn’t expect to cut rates until it has more confidence that the inflation rate will return to optimal levels. Right now, many banks and credit unions offer savings accounts and CDs ...
    05/2/2024 - 1:00 pm | View Link
  • More

 

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