WASHINGTON - The Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued U.S. job gains and economic growth and held out hope that weak inflation will edge higher.
Fed policymakers said the economy was in good shape as it stands, with ongoing job and economic growth, and an eventual rise in inflation, still “the most likely outcomes” as the U.S. expansion nears its 10-year mark. The most recent data showed inflation running at around a 1.5 percent annualized rate, which would be a problem if it meant that households and businesses had doubts about the economy’s strength and were less willing to spend and invest.
The yield on 2-year Treasury notes, which moves in the opposite direction of its price, dropped to the lowest since late March at around 2.21 percent. U.S. stocks edged higher, with the benchmark S&P 500 Index up 0.2 percent on the session, and the dollar weakened against the euro.
Source: Financial Digest (financialdigest.net)
Do we finally have a Fed that can see the economy
Can’t be too strong of an economy when Trump is begging for rate cuts and more QE
Were you hoping for higher interest rates?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FOMC holds fed funds rate steady, but cuts interest rate on excess reservesWASHINGTON (MarketWatch) - The Federal Reserve on Wednesday left its short-term fed funds rate unchanged as expected, but it cut the rate it pays on excess...
Source: MarketWatch - 🏆 3. / 97 Read more »
A US-China trade deal is 'possible' by next Friday, sources sayThe Federal Reserve did, however, make a slight cut to the interest rate paid on excess reserves that banks keep at the Fed. CNBC I have heard this before, thoughts and prayers to the farmers. CNBC Chance of realistic progress on IP protection somewhere below zero. Maybe some nice words that sort of suggest that maybe China will crack down is the best that can be expected. CNBC China will execute an innocent American citizen
Source: CNBC - 🏆 12. / 72 Read more »
Fed done raising rates; cut by end-2020 growing more likely: Reuters pollThe U.S. Federal Reserve is done raising interest rates until at least the end o...
Source: Reuters - 🏆 2. / 97 Read more »
White House economic advisor Larry Kudlow says Fed should still cut rates despite 3.2% GDP growthThe U.S. economy is off to its best start to a year since 2015 and White House economic adviser Larry Kudlow believes it means the Federal Reserve should cut interest rates. Kudlow the Klown. Working for Donnie the Dufus.
Source: CNBC - 🏆 12. / 72 Read more »
Why it would be bizarre for the Fed to cut rates nowThe American economy is accelerating and the stock market is sitting at record highs. Yet some in Washington are still calling on the Federal Reserve to speed up the economy by slashing interest rates. ThanksObama for handing off a strong economy to Trump. Got the economy to the goal line and Trump wants credit for scoring the touchdown. Wow... Obama’s economy is doing great! Oh wait... 🙄 when the 1% of the wealthy control 40% of the market it has nothing to do with a good economy, it's called market manipulation and when it finally topples it is going to get ugly!
Source: CNN - 🏆 4. / 95 Read more »
Slowing inflation may lead Fed to cut interest rates: KudlowSlowing inflation may lead the Federal Reserve to cut interest rates, White Hous... This administration is artificially boosting the economy, consumer spending is down and the boost in defense spending accounts for growth...an increase in gas should be an indicator of a pending recession... Slowing? Have you looked at gas prices lately? Food prices? Tariffs are artificially inflating prices. Ha. Few people have any money. Fewer are getting raises. Companies can’t raise prices because sales are off to begin with. Sounds more like failing economy than slowing inflation
Source: Reuters - 🏆 2. / 97 Read more »
Trump calls on Fed to cut rates by 1% and urges more quantitative easingIn a two-part tweet, the president says more easing would make the economy 'go up like a rocket.' This guy has become King of the Swamp. What a joke. Asset bubble bigly: cut rates at stock market alltime highs. raging bubblenomic thought spreading. I am curious, Is he unwillingly signalling how the China Trade talks are going?
Source: CNBC - 🏆 12. / 72 Read more »
Trump intensifies calls on Fed to cut interest ratesDonald Trump urged the Federal Reserve to lower interest rates, renewing his long-running campaign against the central bank, which he claims has hindered economic growth What the hell is wrong with this guy?! The federal reserve is neither federally owned, nor has a 'reserve' You mean this Donald Trump?
Source: politico - 🏆 381. / 59 Read more »
Fed likely to ignore Trump's call to cut interest ratesThe U.S. Federal Reserve, leaning back against pressure from President Donald Trump to slash interest rates, is expected to leave borrowing costs unchanged on Wednesday as it maintains a 'patient' monetary policy stance amid strong economic growth. Trump, who has accused the U.S. central bank
Source: YahooNews - 🏆 380. / 59 Read more »
Fed Holds Rates Steady, Says Spending, Inflation Have SlowedFederal Reserve officials agreed to hold their benchmark interest rate steady Wednesday and noted some key economic activity had slowed during the first quarter. We need growth,but the Fed does not understand inflation. Clueless as the market has verified over the past months and today. Why is 2% inflation sacred. We need growth so that the rest of America outside the high tech regions get a chance. Basing policy on 1920's situation nuts.
Source: WSJ - 🏆 98. / 63 Read more »
Live: Powell addresses reporters after Fed keeps rates unchangedThe Federal Reserve is announcing its interest-rate decision at 2 p.m. Eastern, followed by a press conference from Chairman Jerome Powell at 2:30 p.m....
Source: MarketWatch - 🏆 3. / 97 Read more »