Interest rates stay flat, but economists say cuts could happen
Economists say the recent Consumer Price Index report provides several reasons to be optimistic about the future.
Stay updated with breaking news from Fedwatch Tool. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Economists say the recent Consumer Price Index report provides several reasons to be optimistic about the future.
While announcing its widely expected decision to leave interest rates unchanged on Wednesday, the Federal Reserve also revealed officials now expect only one interest rate cut this year.
WASHINGTON (dpa-AFX) - U.S. economic activity continued to expand from early April to mid-May, according to the Federal Reserve's Beige Book, although conditions varied across industries and districts.The
WASHINGTON (dpa-AFX) - Gold slipped from record highs touched the previous day after U.S. Federal Reserve officials tempered investor enthusiasm about potential interest-rate cuts.Spot gold dipped
While investors have been earning yield of more than 5% on money market funds and CDs, those rates aren't expected to stick around much longer.