Page 2 - Fed Pause News Today

Reports show that inflation ticked up last month, but most economists and investors still think the Federal Reserve will hold off on hiking interest rates again at its meeting next week.

U.S. Core Inflation May Have Turned a Corner; Mexicos Benchmark Rate Will Be on Hold for a While By James Christie Good day. Welcome news for those who see a case for the Federal Reserve... -August 11, 2023 at 07:16 am- MarketScreener

The minutes also showed that a large majority of policymakers — “almost all” — agreed that more tightening will likely be needed this year

Pound US Dollar Exchange Rate News: GBP/USD Firmed as UK Economy Returns to Growth | Currency News UK

The combined weight of consumer items below 2% was in May 2023, the lowest in over a year when inflation pressures erupted, according to economist Robin Brooks.

Pound to Euro Exchange Rate Outlook: GBP Holds Firm vs EUR Amid Rebounding UK Economy

The Federal Reserve announced Wednesday that it is pausing its interest rate hikes, showing that officials believe they are having success in bringing down inflation.

"Inflation is still excceeding wage increases. I think we still got a way to go," Home Depot's former CEO Robert Nardelli said in a Fox Business interview.

"We don't yet see a significant slowdown in lending. There is some, but not on the scale that would lead to the Fed stepping back," IMF chief says.

"As we move into the the second week of June, our confidence that [the] S&P 500 will gain >20% in 2023 has increased," Fundstrat's Tom Lee said.