Fed Chair Powell Tempers Market Excitement: ‘We Want To Gain Further Confidence’ On Inflation
Powell dampens enthusiasm for rate cuts, says more data needed for confidence. Fed holds rates steady as labor market improves.
Fed Holds Rates Steady: Projections Show Fewer Rate Cuts, Higher Inflation Outlook
The Federal Reserve kept interest rates unchanged for the 7th consecutive meeting, but forecasts suggest fewer rate cuts and slightly higher inflation.
FOMC Implementation Note Issued June 12, 2024
Decisions Regarding Monetary Policy ImplementationThe Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on June 12,
Federal Reserve Issues FOMC Statement For June 12, 2024 (Link In Body)
https://www.federalreserve.gov/newsevents/pressreleases/monetary20240612a.htmRecent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment
“Moscow Exchange (MOEX) To Halt USD And Euro Trading As Of June 13” – Meduza
https://meduza.io/en/news/2024/06/12/moscow-exchange-to-halt-usd-and-euro-trading-as-of-june-13#:~:text=Russia's%20largest%20stock%20exchange%2C%20the,against%20Russia%20on%20June%2012.Russia's largest stock exchange,
How May’s Inflation Slowdown Could Influence Fed’s Next Move: Insights From 6 Economists
Inflation data showed a bigger slowdown than expected, easing concerns about high interest rates before the June FOMC meeting.
Soft Inflation Data Boosts Small Caps, Real Estate, Regional Banks; Traders Anticipate Fed Rate Cuts As Stocks React
U.S. inflation slowed in May, boosting rate cut prospects. Markets rally ahead of FOMC meeting and assign 70% chance of rate cut in September.
Reported Earlier, ‘EV Leader Norway Won’t Follow EU On Chinese Electric Car Tariffs; EU To Slap Higher Import Tariffs On Imported Chinese EVs’ – Bloomberg News
https://www.bloomberg.com/news/articles/2024-06-12/ev-leader-norway-won-t-follow-eu-on-chinese-electric-car-tariffs?sref=2h1zKciy&enowparentmodules=df-streaming-module,csm-timeseries-module%2Cnotification-csm%2Cdeep-
US Inflation Eases More Than Expected In May, Boosts 2024 Rate Cut Prospects Ahead Of Wednesday’s Fed Meeting
Good news for the average U.S. consumer as the annual inflation rate slowed more than economists expected in…
US Median Housing Rent Jumps To $1,653, Highest Since 2022: ‘Demand From Young Renters Remains High’
Median US asking rent rose 0.8% to $1,653 in May, highest since Oct 2022, reflecting strong demand and limited supply.