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The U.S. Federal Reserve left the federal funds rate target unchanged on Wednesday and forecast just one interest rate cut for this year, but Capital Economics thinks two rate cuts are possible. ....
A survey by the New York Fed showed on Monday that Americans' short-term inflation expectations eased slightly, while their view on price pressures in the longer term increased, and their expectations for the stock market hit a three-year high. ....
The strong set of employment figures released on Friday have sent market expectations for Fed rate cuts lower as the data pointed to a strong labor market and the increase in wages could add to the stickiness of inflation. ....
U.S. service sector activity grew in May after shrinking in April for the first time since December 2022, survey data from the Institute for Supply Management on Wednesday. ....
U.S. private sector activity rose at the fastest pace in over two years in May led by strong gains in output and new orders across both the manufacturing and services sectors, the purchasing managers' survey findings from S&P Global showed Wednesday. ....