Tag Archives: interest rate pause

Federal Reserve Chair Jerome Powell held the customary news conference after rate policy decision to explain why Fed policymakers have decided to leave the policy rate, federal funds rate, unchanged at the range of 5-5.25% at June FOMC meeting. With the immediate reaction, the US dollar gathered strength against its …

The US central bank announced on Wednesday that it left the policy rate, federal funds rate, unchanged at the range of 5-5.25% following the June policy meeting. This decision came in line with the market expectation. The Fed will release the revised Summary of Economic Projections (SEP), the so-called dot …

The S&P 500 was 0.4% higher in midday trading after riding a winning streak to its best level since April 2022. The Dow Jones Industrial Average was down 85 points, or 0.2%, at 34,126, as of 11:30 a.m. Eastern time, while the Nasdaq composite was 0.6% higher.The wide expectation on …

Wall Street has given up earlier gains as the US central bank’s policy decision and the Consumer Price Index (CPI) are awaited.The S&P 500 index is up 0.27% after rallying from a low of 4,279.10 to a high of 4,322.20, falling back to 4,303 currently. The benchmark S&P 500 closed …