archivethe Federal Reserve

The Federal Reserve's latest "dot plot" outlining future interest rate moves suggests the central bank will still cut rates twice this year, unchanged from its March outlook, though June's forecasts shows a more divided Fed weighing its next move on interest rates. The Fed announced Wednesday that it held its benchmark interest rate in a range of 4.25%-4.5%, as expected. This marked the fourth straight meeting the Fed kept rates unchanged since cutting rates by 0.25% back in December. Along with its policy announcement, the Fed released updated economic forecasts...

US stocks opened lower on Friday as investors assessed the latest inflation data and anticipated reciprocal tariffs expected to be announced next week. The Dow Jones Industrial Average (DJI) fell 0.2%, while the benchmark S&P 500 (GSPC) dropped 0.3%. The tech-heavy Nasdaq Composite (IXIC) decreased 0.5%. The latest Personal Consumption Expenditures index showed prices increased more than expected last month, rising 0.4% month over month and 2.8% year over year, continuing a stubborn plateau on the path to the Fed's target. Investors also digested President Trump's auto tariff announcement this...

As markets attempt to recover from recent sell-off action that's left the S&P 500 (^GSPC) and Nasdaq (^IXIC) in correction territory, one major catalyst this week could make or break a comeback: Wednesday's Federal Reserve policy decision. The central bank is expected to hold interest rates steady in the face of tariff uncertainties and recent growth concerns. But the simultaneous release of the Fed's quarterly forecasts, otherwise known as the Summary of Economic Projections (SEP), along with Fed Chair Jerome Powell's post-decision press conference, will be at the center of...