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.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Inflation lowest since 2021 before pivotal Federal Reserve meetingOne-year inflation expectations are down 0.3%, dropping to a 4.1% rate — the lowest annual outlook since May 2021, according to the New York Fed’s Survey of Consumer Expectations in May.
Weiterlesen »
How will US Consumer Price Index impact Federal Reserve monetary policy?The highly-anticipated Consumer Price Index (CPI) inflation data for May will be published by the US Bureau of Labor Statistics (BLS) on June 13 at 12
Weiterlesen »
Why the Federal Reserve's dual mandate may seem impossibleThe Fed has to strike a delicate balance to ensure low, steady prices while setting a course for an economy that encourages everyone to get a job who wants one.
Weiterlesen »
Federal Reserve could hint at ending rate hike cycle – JP MorganAnalysts at JP Morgan Asset Management note that the Federal Reserve is likely to pause its rate hike cycle at this week’s Federal Open Market Committ
Weiterlesen »
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.
Weiterlesen »
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.
Weiterlesen »