Odds of Fed rate cuts in Jun. and Jul. tumble
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7don MSN
The Fed is in a “good place to wait and see” before moving on interest rates, Powell said Wednesday. “We don't think we need to be in a hurry. We think we can
The rate has stayed above 4% for more than two years as the Fed has aimed to lower inflation by keeping borrowing costs high. Its target annualized rate is 2%, but the current rate remains at 2.4% as of April, according to consumer price index data.
The US CPI rose by 0.2% MoM after sliding -0.1% in March, the first decline since May 2020. Expectations were that CPI would rise 0.3%. Every year, CPI increased 2.3%, down from estimates and March’s 2.4%.
Economists say no rate cut is likely in May The Federal Reserve policy committee's next meeting is May 6 and May 7. Most economists don't expect the Fed to cut the short-term federal funds rate ...