Confounding US economic, inflation data muddy Fed’s rate path on Nostr: US Federal Reserve Holds Interest Rates Steady at 23-Year High Amid Ongoing Economic ...
US Federal Reserve Holds Interest Rates Steady at 23-Year High Amid Ongoing Economic Uncertainties
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#2140b79c ver:1.08
The US Federal Reserve keeps interest rates steady at a 23-year high amid concerns about stubborn inflation and the need for greater confidence in price decreases. The decision reflects a shift from previous projections of rate reductions and poses a potential threat to President Biden's re-election bid. The Fed also announces a slower pace of unwinding COVID-era policies. Wall Street initially reacts positively, but stock prices later erase gains. The decision reflects the ongoing struggle with inflation in the US. The Bank of England is expected to keep borrowing costs unchanged, while the European Central Bank may consider rate cuts. The US economy remains strong, reinforcing the Fed's desire to wait before implementing rate cuts. Economist Darrell Spence believes there is a strong chance the Fed will not cut rates due to higher-than-expected inflation. The decision is based on a lack of progress in bringing down inflation, and its impact on the economy may affect voter decisions in upcoming elections. #FederalReserve #interestrates #inflation #economy...
#newstr #UsFederalReserve #InterestRates #Inflation #EconomicGrowth #RateCuts #TreasurySecurities #MortgagebackedBonds #UsEconomy #UnemploymentRate #ConsumerSpending
https://here.news/story/2140b79c?ver=1.08
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#2140b79c ver:1.08
The US Federal Reserve keeps interest rates steady at a 23-year high amid concerns about stubborn inflation and the need for greater confidence in price decreases. The decision reflects a shift from previous projections of rate reductions and poses a potential threat to President Biden's re-election bid. The Fed also announces a slower pace of unwinding COVID-era policies. Wall Street initially reacts positively, but stock prices later erase gains. The decision reflects the ongoing struggle with inflation in the US. The Bank of England is expected to keep borrowing costs unchanged, while the European Central Bank may consider rate cuts. The US economy remains strong, reinforcing the Fed's desire to wait before implementing rate cuts. Economist Darrell Spence believes there is a strong chance the Fed will not cut rates due to higher-than-expected inflation. The decision is based on a lack of progress in bringing down inflation, and its impact on the economy may affect voter decisions in upcoming elections. #FederalReserve #interestrates #inflation #economy...
#newstr #UsFederalReserve #InterestRates #Inflation #EconomicGrowth #RateCuts #TreasurySecurities #MortgagebackedBonds #UsEconomy #UnemploymentRate #ConsumerSpending
https://here.news/story/2140b79c?ver=1.08