Tag: Federal Reserve Interest Rate

Stocks on the New York Stock Exchange closed marginally higher on Wednesday after Federal Reserve Chair Jerome Powell confirmed that the Fed is likely to implement interest rate cuts later this year, thereby boosting investor confidence. The benchmark S&P 500 edged 0.1% higher, while the...

The Federal Reserve may be inclined to introduce interest rate cuts in June following the release of February's Personal Consumption Expenditures index. The "core" reading, which excludes volatile food and energy costs, came in at 2.8%, down from the 2.9% reading in January. Core prices...

Stocks on the New York Stock Exchange continued their record-setting rally on Thursday as investors' optimism grew following the Federal Reserve's policy meeting this week. The Fed assured investors that it would remain on track for its forecasted policy trajectory, introducing two to three...

The Federal Reserve held its March meeting on Wednesday, keeping its interest rates unchanged. Fed Chair Jerome Powell announced later in the day that while officials would like to see more evidence of falling prices before taking action, they maintain their agenda for introducing...

The U.S. dollar rose on Wednesday, marking its fifth consecutive daily rise. The greenback rose 0.6% against the yen to 151.70; a new four-month high, while the euro weakened against the dollar. This comes as investors await the Federal Reserve's March policy meeting later...

Stocks on the New York Stock Exchange rose on Monday as investors geared up for the Federal Reserve's March policy meeting later in the week. Following hotter-than-expected inflation data from the Consumer Price Index, hopes around AI developments are keeping investors optimistic that interest...