BlackRock warns that investors are making a mistake by betting on the Fed to cut rates
The expectation for cuts would be consistent with a recession and an accompanying fall in inflation.
The expectation for cuts would be consistent with a recession and an accompanying fall in inflation.
Chairman Jerome Powell and his fellow central bankers will want to signal that it's important to continue the fight to bring down inflation.
The Fed in some ways is both closer and further away from its goals when it first started raising rates.
Some market players questioned whether President Christine Lagarde would proceed with a hike, given recent shocks in the banking sector.
FedNow creates "a leading-edge payments system that is resilient, adaptive, and accessible," said Richmond Fed President Tom Barkin.
Goldman on Wednesday lowered its 2023 economic growth forecast, citing a pullback in lending from small- and medium-sized banks.
Markets have changed their mind — again — about what they think the Federal Reserve will do next week regarding interest rates.
The producer price index was expected to increase 0.3% in February, according to Dow Jones estimates.
The Federal Reserve will likely not raise interest rates at its March meeting as there is still a "boatload of uncertainty" said Mark Zandi of...