Some Federal Reserve officials could signal this week that they expect to raise interest rates sooner than previously expected following a spate of high inflation readings
that they anticipate raising interest rates sooner than previously expected following a spate of high inflation readings.
In March, the last time they released quarterly economic forecasts, most officials expected to keep the Fed’s benchmark interest rate near zero through 2023 to encourage the economy’s recovery from the pandemic. Officials are set to release updated projections Wednesday after a two-day policy meeting.
Fed officials in March saw consumer prices rising 2.4% in the fourth quarter of 2021 from a year earlier. That pace, they said, would be consistent with their goal of 2% average annual inflation over the long run.
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.
Here’s what the market wants — and doesn’t want — to hear from Powell at this week’s Fed meetingTransitory, or not transitory? Therein lies the question that the Federal Reserve needs to answer on Wednesday, at the conclusion of the FOMC's two-day...
Read more »
Biden, G-7 leaders to focus on China in second day of summitPresident Biden and other world leaders will meet Saturday for the second day of the G-7 summit, focusing on countering China's increasing global influence, senior White House officials say.
Read more »
Dollar little changed as traders seek direction from Fed meetingThe U.S. dollar held steady against major currencies on Monday, after posting its biggest weekly gain in more than a month, as traders closed short positions ahead of a Federal Reserve policy meeting this week.
Read more »
European markets continue march to record highs as Fed meeting loomsEuropean stocks were fractionally higher to start the week as investors look ahead to the June meeting of the U.S. Federal Reserve.
Read more »
Treasury yields rise slightly as investors gear up for Fed meetingTreasury yields climbed slightly higher on Monday morning, with investors gearing up for the Federal Reserve's two-day policy meeting this week.
Read more »
12 Venezuelans test positive for COVID day before Copa openerTwelve members of the Venezuelan delegation at the Copa America have tested positive for COVID-19, health officials said on Saturday, a day before they meet hosts Brazil in the tournament opener.
Read more »