With growth slowing and inflation soft, Federal Reserve officials now expect to raise its benchmark interest rates once over the next three years, according...
The Federal Reserve on Wednesday signaled it’s almost done raising interest rates, saying the economy is in a “good place” and that inflation poses little threat.
Chairman Jerome Powell said the central bank can afford to be patient because the economy is growing at a steady pace, unemployment is low and inflation is tame. Notable changes to the statement showed concern for the outlook for the first quarter. Fed officials said growth has slowed from its solid rate in the fourth quarter and said there were signs of slower growth in consumer and business spending. The statement noted that overall inflation had “declined,” while noting that core inflation, excluding food and energy prices, had remained near 2%.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed to raise interest rates once more in third quarter, then done: Reuters pollThe U.S. Federal Reserve will remain patient for a little longer than thought ju...
Read more »
Fed holds rates steady; here's what that means for your walletHere's a breakdown of what Wednesday's Fed decision means for your bank account, mortgage, credit card, student loan balance and car payment.
Read more »
Fed holds line on rates, says no more hikes ahead this yearNot only did the Federal Reserve decide Wednesday not to raise interest rates, but it also indicated that no more hikes will be coming this year.
Read more »
Fed holds line on rates, says no more hikes aheadThe Federal Reserve decided Wednesday not to raise interest rates and indicated that no more hikes will be coming this year.
Read more »
Australia shares tepid after Fed keeps rates on holdShares in Australia traded cautiously in early trade on Monday morning after the U.S. Federal Reserve announced overnight it was keeping interest rates on hold, and indicated that no more rate hikes would be coming in 2019.
Read more »
Reuters Top News @ReutersFed chair Jerome Powell discusses interest rates
Read more »
Dollar on back foot after soft data fans bets on dovish FedThe dollar licked its wounds on Monday after soft U.S. data increased bets the F...
Read more »
US Treasury yields move higher ahead of a Fed meetingU.S. government debt prices were lower on Monday, as investors awaited a Federal Reserve meeting later this week.
Read more »
Gold gains for second day as dollar dips ahead of Fed meetGold prices rose for a second straight session on Monday, as the dollar slipped ...
Read more »