What to expect from the Fed meeting | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

In a pivotal meeting that could shift the direction of the US economy, the Federal Reserve is expected to announce that it will hold interest rates steady.

However, that doesn’t mean the Fed is done hiking altogether: Officials have characterized their expected move as a “skip” rather than a “pause.” That could give the economy a little more time for the central bank’s aggressive rate-hiking campaign to filter through — and allow Fed officials to determine whether higher rates are bringing down inflation as expected or if they need to keep their foot on the gas.

Watch for signs of a hike in July The Fed may be taking a breather this month, but Fed Chair Jerome Powell will likely clarify in his news conference at 2:30 p.m. ET on Wednesday that a rate hike in July is still in play. While inflation has cooled from 9.1% last June to 4% last month, it’s still punishingly high for US consumers. “Employment growth is still strong, inflation is pretty sticky, so there is a case for more hikes,” said Michael Feroli, chief US economist at JPMorgan Chase.

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:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Oil steadies as market awaits US Federal Reserve rate outlookOil prices inched up slightly in Asian morning trade on Wednesday as investors awaited the outcome of the U.S. Federal Reserve's June meeting, key economic data from China and government data on U.S. crude stockpiles.
Source: Reuters - 🏆 2. / 97 Read more »

Oil rises slightly as market awaits Federal Reserve rate outlookOil prices inched up as investors awaited the outcome of the Fed's June meeting, key economic data from China and government data on U.S. crude stockpiles.
Source: CNBC - 🏆 12. / 72 Read more »