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If you’re hoping for an interest rate cut from the Fed today, don’t hold your breath. Chances of a rate cut from the Federal Reserve are slim to none, forecasters say, when the panel announces its interest-rate decision at the close of a two-day meeting. That means the Fed’s benchmark interest rate will likely remain
Stocks closed mostly higher as the May consumer price index was unchanged and the Federal Reserve signaled just one rate cut this year. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq were all down in the last hour of trading today. X The Dow closed 0.1% lower after a quiet afternoon and
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.
American households hoping that interest rates will soon fall will have to wait a little longer. The Federal Reserve is expected to keep the key interest rate unchanged on Wednesday, at least until there are clearer signs that inflation is rising more slowly. But forecasters will be listening to Jerome H. Powell, the Fed chairman,
