Fed's Powell Says Looming Election Won't Sway Rate Decisions
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When will the Fed begin to cut interest rates? It’s a mystery
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Nowadays, it’s anyone’s guess when the Federal Reserve will begin to cut interest rates this year — if at all. Fed officials are meeting this week, starting Tuesday, to discuss rates and set policy. They’re widely expected to hold rates steady for the sixth straight meeting. But analysts...
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S&P 500, Nasdaq end lower after Fed rate decision
NEW YORK >> U.S. stocks closed mixed today after the Federal Reserve left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured.