The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024.
Read More Fed is predicted to deliver three quarter-point rate cuts this year: Reuters poll
Tag: Personal Consumption Expenditures Price Index
Fed likely to hold rates steady one last time as inflation fight finale unfolds
The Federal Reserve is expected to open the door to interest rate cuts as soon as September by acknowledging inflation has edged nearer to the U.S. central bank’s 2% target.
Read More Fed likely to hold rates steady one last time as inflation fight finale unfolds
Wall St mixed as tech stocks attempt recovery, financials drag
Wall Street’s main indexes were mixed on Wednesday, with technology stocks attempting to find a floor after recent selloff.
Read More Wall St mixed as tech stocks attempt recovery, financials drag
Dow leads Wall St higher in lean trading week
Wall Street’s main stock indexes ticked higher, with the blue-chip Dow leading gains in thin trading ahead of crucial economic data.
Read More Dow leads Wall St higher in lean trading week