There’s a palpable tension in the air as Wall Street is confronted with the once unthinkable: interest rates may not be at their peak.that concluded on May Day show that we’re not alone in our view that the Fed’s next move might be an interest rate hike. Indeed, an unspecified number of Fed officials raised the possibility at the meeting.
In the restrained and measured language of central bankers, this is nothing short of a clarion call. They’re telling us thatAt the May Day meeting, the Fed elected to keep its benchmark interest rate within the range of 5.25 percent and 5.5 percent—a level steadfastly maintained since last July. Yet, behind this façade of stability,, with housing and labor costs refusing to fall in line with their expectations and the benefits from supply-chain improvements having run their course.
“Several participants commented that growth of aggregate demand would likely have to slow from its strong pace in recent quarters for inflation to move sustainably toward the Committee’s goal,” the minutes note.
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:
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.
Breitbart Business Digest: Trump Media Should Lose More MoneySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: We’re Still in a No Landing EconomySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: The Real Reason Americans Prefer Trump’s Economy to Biden’sSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: Fed Is Still Not Cutting in SeptemberSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: Powell Still Won’t Admit Rate Hikes Might Be ComingSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: Biden Is Fighting 2009’s Economy in 2024Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »