Page 28 - Michael Gapen News Today

Economic Watch: U.S. Fed pauses rate hikes, but faces tough decision ahead-

The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite elevated inflation, while indicating a sharp increase could be needed before the end of the year

© Provided by Xinhua The U.S. Federal Reserve has decided to keep interest rates unchanged, but signaled more rate hikes will come. With inflation stil

© Provided by Xinhua The U.S. Federal Reserve has decided to keep interest rates unchanged, but signaled more rate hikes will come. With inflation stil

© Provided by Xinhua The U.S. Federal Reserve has decided to keep interest rates unchanged, but signaled more rate hikes will come. With inflation stil

In a pivotal meeting that could shift the direction of the US economy, the Federal Reserve is expected to announce Wednesday that it will hold interest rates steady after increasing them 10 straight times to bring down historically high inflation.

(Bloomberg) -- Bond traders are near wiping out bets that the Federal Reserve will lower interest rates this year after the central bank held its key rates steady and signaled more monetary tightening would likely be necessary to cool inflation.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New Gr...

Wall Street climbed Monday ahead of a big week for central banks around the world, vaulting the SP 500 to its highest level in more than a year.

NEW YORK (AP) — Wall Street climbed Monday ahead of a big week for central banks around the world, vaulting the S&P 500 to its highest level in more t