2024-08-01 09:00:08
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Fed Holds Policy Steady, Expresses Caution on September Rate Cut
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New York Times - Economy
What to Watch as the Fed Meets on Wednesday
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Fed to hold 5.3% rate to slow growth, curb inflation. Investors focused on hints about future rate changes in statement, Powell presser after two-day meeting. Economists expect Fed to signal potential Sept. rate cut as inflation cools from peak. J.P. Morgan's Feroli sees possible statement tweak on inflation confidence. Inflation still above 2% target.
CoinDesk
Fed Holds Policy Steady, Expresses More Caution Than Expected on September Rate Cut
Finance
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The Fed left rates unchanged, citing elevated inflation, though the economic outlook remains uncertain. Bond yields and the dollar rose, while bitcoin edged lower. U.S. stocks rallied. The Fed has been cautious to ease policy despite historic rate hikes, as inflation remains well above its 2% target. Markets had priced in a September rate cut, but Powell said no decisions have been made. Looking ahead, markets had priced in a near-60% chance of 75 basis points in rate cuts by the Fed's final m..
The Street
Fed hints at next interest rate move, sees 'progress' on inflation TheStreet Daily Newsletter
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The Federal Reserve's Open Market Committee left rates unchanged at 5.25%-5.5%, the highest in 22 years, after its two-day policy meeting in Washington. The Fed noted 'some' progress on inflation and said it would be 'attentive' to its twin mandate of price stability and full employment. Fed Chair Powell said the labor market is 'slowly' normalizing and the Fed is 'prepared to respond' if it weakens. U.S. stocks extended gains, the 10-year Treasury yield rose slightly, and 2-year yields gained..
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