Federal Reserve Chairman Jerome Powell's reassuring message following the central bank’s monetary policy meeting may not calm frazzled U.S. stock and bond investors, as uncertainty over the path of inflation intensifies the focus on upcoming data. Though Powell on Wednesday acknowledged a lack of recent progress in the Fed’s battle against rising consumer prices, he reiterated the view that interest rates are likely headed lower this year. That was a relief for those worried the Fed could be eyeing more rate increases after three straight months of stronger-than-expected inflation.
Federal Reserve Chairman
Jerome Powell s reassuring message following the central bank’s
monetary policy meeting may not calm frazzled U.S. stock and
bond investors, as uncertainty over the path of. -May 02, 2024 at 01:00 am EDT
- MarketScreener
Analysis-Powell s Soothing Tone May Not Be Enough for Inflation-Spooked Markets usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
A pension fund for
New York City employees urged BlackRock s shareholders
to vote against the election of Saudi Aramco s chief
executive as director, citing potential conflicts of interest
around the.