The Fed held interest rates steady on Wednesday and signaled in new economic projections that the historic tightening of U.S. monetary policy engineered over the last two years is at an end and lower borrowing costs are coming in 2024.
STORY: U.S. stocks ended sharply lower on Wednesday as investors assessed the latest batch of corporate earnings. and concerns deepened about the war in the Middle East.
The August core Personal Consumption Expenditure (PCE), which excludes food and energy, rose 0.1% from July, half of the June-July rise and half of analysts estimates.
Defying expectations, the U.S. stock market in 2023 performed well during the first seven months of the year amid resilient U.S. economic activity and a relatively robust labor market. The somewhat.