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The Federal Reserve is expected to hold interest rates steady again as it meets Wednesday, with inflation remaining above the central bank's 2% threshold.
(Bloomberg) -- Federal Reserve Chair Jerome Powell kept hopes alive for an interest-rate cut this year while acknowledging that a burst of inflation has reduced policymakers’ confidence that price pressures are ebbing.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesThe Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Econo
Consolidated net profit attributable to owners amounted to Rp 15.98 trillion.
One of the Fed's more dovish officials said Friday that 'progress on inflation has stalled' and that 'it makes sense to wait' before cutting interest rates.
New York Fed president John Williams said it will make sense to cut rates gradually 'starting this year' if the economy behaves as expected.