News Formal

Stock market news today: Fed signals pause after latest rate hike

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Business News News

US stocks fall after Fed raises rates but points to possible pause on further increases

US stocks closed lower on Wednesday after the Federal Reserve hiked interest rates again and signaled further increases may not be coming.

The Fed lifted rates by 25 basis points, as was widely expected, marking the 10th increase in borrowing costs since March 2022. But subsequent remarks from Chairman Jerome Powell may have dampened hopes for a Fed pivot to rate cuts later. He reiterated that US inflation is still high, and said the odds for avoiding a recession seem greater than than those for entering a recession. 's results slated to be released after market close on Thursday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why stock-market bulls can't celebrate as Fed hints at pause in rate hikesStock-market bulls didn't take comfort in the Fed's hints at a potential pause in the rate-hike cycle.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market Today: Dow futures rise with two-day Fed meeting set to beginMarketWatch Live: Wall Street now turning attention to two-day Fed meeting
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock market news today: Fed meeting starts with rate hike expectedUS stocks fall as Fed meeting kicks off and traders prep for another rate hike
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market news today: Investors await Fed rate hike amid bank crisisUS stocks fall as investors prepare for another interest rate hike from the Fed
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market today: World shares mixed before Fed decisionEuropean shares opened higher Wednesday following losses in Asia ahead of a decision on interest rates by the Federal Reserve.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: US futures tick up before Fed decisionWall Street pointed slightly higher as markets digest more corporate earnings while waiting for a decision on interest rates by the Federal Reserve.
Source: KPRC2 - 🏆 80. / 68 Read more »