The Federal Reserve kept interest rates unchanged on Wednesday but signaled in new economic projections that borrowing costs will likely rise by another half of a percentage point by the end of this year.
The Federal Reserve building is pictured in Washington on March 19, 2019. REUTERS/Leah Millis/File PhotoCentral bank officials see two more small hikes this year
Further rate increases would "take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments," it said. Policymakers, however, anticipate 100 basis points of rate cuts in 2024, alongside fast-falling inflation.
"It does seem as if the FOMC members have become even more hawkish since the last meeting, and I think that has taken investors by surprise," said Sam Stovall, chief investment strategist at SFRA Research.The higher rate outlook coincides with an improved view of the economy and, consequently, slower progress in returning inflation to the central bank's 2% target.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Celebrity Beach Bods of 2023Salma Hayek posts bikini shot of herself blissfully reclining on a yacht: “Some people don’t like grey days, but I think everyday is precious” (via toofab)
Lire la suite »
The best gaming laptops for 2023: Our top picks | Digital TrendsLooking for a good gaming laptop to buy in 2023? We've found and reviewed top options from brands like Razer, Dell, and Asus.
Lire la suite »
Here's Everything From the Ubisoft Forward 2023The Ubisoft Forward had a ton of reveals, trailers, and information. Here's everything from the show in one place.
Lire la suite »
TMNT Meets Giant Robots in Best, Weirdest Toy Collaboration of 2023'What if the TM in TMNT stood for Titanic Mecha?' is a question I didn't know needed asking, but I'm glad Heat Boys answered it.
Lire la suite »
Gayle Is ‘Scared But Trying’ to Tour: See North American DatesThe singer-songwriter spent the first half of 2023 opening for Taylor Swift and P!nk.
Lire la suite »