The Fed announced a big change today. And no, we're not talking about
interest rates
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The Fed announced a big change today. And no, we’re not talking about interest rates
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. Wednesday’s Federal Reserve policy decision was fairly boring for investors — officials kept interest rates the same, just as they have since July 2023. But some savvy traders are excited about another key decision. The Fed announced that it will significantly curtail its quantitative...
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US Adds Lower-Than-Expected 175,000 Jobs As Interest Rates Bite
The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs in a sign that persistently high interest rates may be starting to take a bigger toll on the world’s largest economy. Friday’s government report showed that last month’s hiring gain was down sharply from the blockbuster increase of 315,000 in […]
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Fed leaves interest rates unchanged amid inflation rate higher than 2% target
May 1 (UPI) — The Federal Reserve Wednesday voted to keep interest rates unchanged, in line with expectations as inflation remains above the central bank’s 2% threshold. The Federal reserve’s Federal Open Market Committee said in a statement that the central bank left interest rates for overnight bank borrowing within a range of 5.25%-5.5%. With CPI inflation at 3.5%, the […] The post Fed leaves interest rates unchanged amid inflation rate higher than 2% target first appeared on Gephardt Daily.