Fed Holds the Line, Leaving Rates Unchanged in Ongoing Inflation Fight
The FOMC maintained the target range for the federal funds rate following hotter-than-expected inflation and employment cost data.
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The FOMC maintained the target range for the federal funds rate following hotter-than-expected inflation and employment cost data.
(Reuters) - San Francisco Federal Reserve President Mary Daly said on Friday there is still "a lot of work to do" to make sure inflation is on track to the Fed's 2% goal, and there is "absolutely" no urgency to cut rates. "Policy's in a good place ...
San Francisco Federal Reserve President Mary Daly said on Friday there is still a lot of work to do to make sure inflation is on track to the Fed's 2% goal, and there is absolutely no urgency to cut... -April 12, 2024 at 04:33 pm EDT - MarketScreener
Wall Street closed flat again last night ahead of tonight's critical CPI release. S&P500 up 0.1%. (Available for non-subscribers after 10am)
A brief look at important company events and economic data releases next week