The Fed is giving data one more chance richardbeales1
The U.S. Federal Open Market Committee on June 19 left its Fed funds target interest rate steady in the range 2.25%-2.5%.
The decision followed a two-day meeting, after which the central bank also released its updated economic projections. These showed policymakers' views of growth and unemployment largely unchanged. However, eight of 17 policymakers said they expected it would be appropriate to cut rates by the end of 2019, a significant shift from projections in March when none anticipated a cut.
President Donald Trump has repeatedly criticized the Fed and its chairman, Jerome Powell, suggesting that if interest rates were lower the U.S. economy would be growing faster.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Markets Bet on Fed Rate Cut—but Goldman, UBS and Others Don’t AgreeDespite the market’s conviction, analysts from Goldman Sachs to Bank of America doubt the Fed will cut rates this summer. As the central bank kicks off its meeting, here’s a look at what analysts are calling for and why.
Read more »
One group of stocks has been a surefire winner when the Fed cuts interest ratesInvestors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.
Read more »
Trump's potential Fed nominee reportedly wants rates at zeroJudy Shelton said in an interview that, if appointed to the Fed, she would want to lower interest rates all the way down to 0%.
Read more »
Fed holds rates steady, sees no cuts in 2019Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.
Read more »
Reuters Top News @ReutersFed chair Powell speaks after decision to leave interest rates unchanged
Read more »