WASHINGTON The US Federal Reserve (Fed) is likely done raising interest rates to tackle inflation but probably won't cut them "in the short term", a senior policymaker said on Wednesday. The Fed recently voted to hold its benchmark lending rate at its current 22-year high for the second consecutive meeting, and indicated it still has "a long way to go" to bring inflation
Commenting on the US Federal Reserve (Fed) interest rate outlook, Philadelphia Fed President Patrick Harker said that the “next Fed rate choice 'could go either way' depending on the data.” Additional quotes Supported steady interest rate stance at latest FOMC meeting .
US Fed official says rate cut unlikely in short term thejakartapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thejakartapost.com Daily Mail and Mail on Sunday newspapers.
Hollywood studios and the actors union reached an agreement to end the 118-day strike and shares of the Walt Disney Company jumped as its streaming service delivered a beat on subscriber growth. Here’s what investors need to know today.