Federal Reserve: Fed holds, says inflation has eased, still elevated
The US central bank took a major step towards lowering interest rates in coming months in a statement that tempered inflation concerns with other economic risks.
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The US central bank took a major step towards lowering interest rates in coming months in a statement that tempered inflation concerns with other economic risks.
The benchmark US index was at 4839.80 at the closing bell, paced by another surge in semiconductor stocks.
U.S. consumer sentiment improved in January, hitting the highest level in 2-1/2 years amid growing optimism over the outlook for inflation and household incomes, which bodes well for the economy's... -January 19, 2024 at 11:48 am EST - MarketScreener
Fears of a stock market crash are swirling ahead of tomorrow's make-or-break jobs report. The results may set the stage for rate cuts to come.
When the final jobs report for 2023 is released this Friday at 8:30 am ET, economists are projecting that the US economy added 160,000 positions in December, marking an average of 232,000 jobs per month through November, and around 2.78 million for the year.