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Fed likely to stick to low-rate message this weekMARTIN CRUTSINGER
WASHINGTON (AP) — Cash-short banks have borrowed about $300 billion from the Federal Reserve in the past week, the central bank announced Thursday.
"The process of getting inflation back down to 2% has a long way to go and is likely to be bumpy," the central bank leader said at his post-meeting news conference. He noted some progress and also said the Fed will be assessing data and the impact of its rate hikes in deciding ho...
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“The decision to consider not hiking at every meeting and to hold rates steady at this meeting is a continuation of that process.” 3:24 a.m. 7:16:00, June 15, 2023 Powell stresses the pause isn't a "skip" Federal Reserve Board Chairman Jerome Powell speaks during a news ...
"While we expect Fed Chair Powell to push back on expectations for a March cut, we expect the Fed could use this week's meeting to advance plans to end Quantitative Tightening as the Fed appears to be considering tapering its balance sheet run-off," she added. ...
Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve.
Oil prices spiked by almost 3% yesterday on news that Israel was preparing for a possible attack by Iran. That, in turn, stoked fears of inflation. A number of Federal Reserve officials also made hawkish statements this week. Minneapolis Fed President Kashkari said that if “we continue to ...