Fed's Barkin says recent progress on inflation might be a 'head fake'
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Two US Federal Reserve officials indicated Wednesday that the nation's central bank is on track to tackle inflation, but that it is still too soon to begin lowering interest rates. They have assigned a probability of more than 65 percent that the US central bank will have begun lowering interest rates by the time of its following meeting in May. da/nro
Markets are waiting on Fed speakers to give more guidance on the path and timing of interest rate cuts this afternoon.
Shares of power producers were flat amid mixed signals from the Federal Reserve on interest-rate policy plans. Richmond Fed President Tom Barkin warned that the Fed's apparent defeat of...
The Financial Post brings you the top business stories as they happen for February 6, 2024. Read on for breaking news you need to know.