Fed to Stay at Current Rate Horizon Citing Inflation for Longer than Anticipated
The Federal Open Markets Committee (FOMC) concluded its two-day monetary policy meeting with a unanimous decision to let the Fed funds target rate stay at 5.25%-5.50%.
The Federal Open Markets Committee (FOMC) concluded its two-day monetary policy meeting with a unanimous decision to let the Fed funds target rate stay at 5.25%-5.50%.
The accompanying statement left the timing of any rate cut in doubt, and Fed officials underscored their concern that the first months of 2024 have done little to build the confidence they seek in falling inflation.
Recent indicators suggest that economic activity has continued to expand at a [solid] pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee's 2 percent inflation objective.
The Committee seeks to achieve […] inflation goals that have moved toward better balance over the past year. The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks.
Federal Reserve Hints at Rate Hike Amid Inflation Concerns; U.S. Home Sales Decline
The Fed may consider raising interest rates if inflation accelerates, according to minutes from the last meeting.
Japan's Economy Skids, Clouding BoJ's Rate Hike Plans
Japan's economy fell faster than expected in the first quarter as the weak yen continued to batter consumers, throwing a fresh challenge to the central bank's push to get interest rates further away from near zero.
Nvidia will Surge Another 22%, and is Still Cheap Compared to Peers Despite Nearly Doubling this Year, Goldman Sachs Says
Nvidia (NVDA) stock still has plenty of upside even after its year-to-date rally of 81%, according to a Tuesday note from Goldman Sachs.
