Breaking news: The Federal Reserve is leaving interest rates unchanged for the first time since spring 2022, signaling a new chapter in the central bank’s fraught fight against inflation.
“In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments,” a Fed statement said.Fed officials release new economic forecasts every few months, and the most recent ones appear slightly more optimistic than they were in March.
However, officials are now more pessimistic on “core inflation,” a narrower measure that strips out volatile categories like food and energy, and which can be hardest to root out of the economy.Major stock indexes sunk into the red immediately after the Fed’s announcement. Just after 2 p.m., the Dow Jones Industrial Average fell 306 points, or 0.81 percent. The S&P 500 index fell 0.28 percent, and the Nasdaq 0.31 percent.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Fed expected to leave rates unchanged for first time since March 2022The Federal Reserve is widely expected to leave interest rates unchanged when its June policy meeting wraps up on Wednesday, signaling a new chapter in the central bank’s fraught fight against inflation.
Les mer »
Federal Reserve expected to pause interest rate hikes for first time since January 2022Federal Reserve Interest Rate Preview: First pause in the hiking cycle expected – by eren_fxstreet Fed CentralBanks SEO InterestRate Macroeconomics
Les mer »
Tony Awards Viewership Up 2% Versus 2022 With Streaming Audience RecordThe 76th Annual Tony Awards managed to persevere on Sunday despite the ongoing writers strike, drawing a three-year high of 4.31M viewers. The three-hour telecast, which almost didn’t happen …
Les mer »
Nations Wasted $157,000 Per Minute on Nuclear Weapons in 2022: ICANThe U.S. spent $43.7 billion on nuclear weapons last year—more than every other nuclear-armed nation combined, according to the Nobel Peace Prize-winning group.
Les mer »
S&P 500 and Nasdaq close at highest since April 2022 By Reuters⚠️BREAKING: *S&P 500, NASDAQ CLOSE AT 13-MONTH HIGHS AS U.S. STOCKS RALLY AHEAD OF INFLATION DATA, FED DECISION $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Les mer »