NEW YORK — Stocks moved higher and Treasury yields fell after the Federal Reserve said it still expects to make three interest rate cuts this year. The Fed also kept its bechmark interest rate unchanged, as expected, and raised its estimate for economic growth this year. Markets are fervently hoping for cuts to interest rates, which the Fed has raised to the highest level since 2001 as it fights to rein in inflation. The S&P 500 turned 0.
The Fed began its latest meeting on interest rates on Tuesday and will announce its decision later Wednesday. The widespread expectation is for the central bank to leave its main interest rate alone at a two-decade high. Investors are hoping the Fed will indicate it still expects to cut rates three times later this year, as it hinted a few months ago.
The central bank started raising interest rates in 2022 in an effort to tame inflation back to its target of 2%. Inflation has broadly cooled since then, with consumer prices falling to a rate of 3.2% in February from as high as 9.1% in the middle of 2022. At the same time, consumers kept spending and the economy grew, despite worries that such severe interest rate increases could cause a recession.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Stock market today: Stocks retreat as Wall Street weighs hot inflation's impact on FedInvestors are weighing whether two big hot inflation prints will prompt a Fed rethink on rate cuts as its March policy meeting looms.
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »
Stock market today: Wall Street notches another record ahead of Fed newsNEW YORK (AP) — Wall Street notched another record high as traders wait to hear what the Federal Reserve will do with interest rates. The S&P 500 shook off an early loss and closed 0.6% higher Tuesday, beating the all-time high it set last week.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »
Stock market today: Premarket trading on Wall Street muted as markets await Fed's rate decisionHONG KONG — Trading on Wall Street was quiet and mixed early Wednesday as markets awaited a decision on interest rates from the Federal Reserve and possible ...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »
Stock market today: Wall Street rises toward records ahead of a big week for central banksNEW YORK (AP) — Stocks are rising Monday ahead of a busy week for central banks around the world that could dictate where interest rates go. The S&P 500 was ...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »
Stock market today: Wall Street rises ahead of a big week for central banksNEW YORK (AP) — Stocks rose ahead of a busy week for central banks around the world that could dictate where interest rates go next. The S&P 500 addded 0.6% Monday, coming off its first back-to-back weekly losses since October.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »
Markets today: Stocks fall as Wall Street trims risk before FedStocks fell as traders took some chips off the table ahead of the highly anticipated U.S. Federal Reserve decision that will help shape the outlook for rate cuts this year.
출처: BNNBloomberg - 🏆 83. / 50 더 많은 것을 읽으십시오 »