This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit websites that posts a link to this Policy (collectively, “the sites”). understands that your privacy is important to you and we are committed for being transparent about the technologies we use. Catch minute-by-minute updates on the May 2-3 FOMC meeting LIVE, realtime market reaction and analysis, what to make of the Fed's commentary and much more only on 's blog: The FOMC policy meeting comes at a time when central banks around the globe are struggling to balance red-hot inflation with economic growth, investors are looking for any probable signs of stress in the financial sector amid fears of recession and the US government is starting at a fast-approaching debt ceiling. Economists had widely expect the FOMC to decide on an increase of 25 bps in Fed funds range - the benchmark US interest rate - and that's exactly what happened. This unanimous decision of the FOMC takes the fed funds rate to a target range of 5% to 5.25% - the highest since August 2007. FOMC meeting May 2023 LIVE: Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) announced a hike of 25 basis points in interest rates as expected, but signaled that it may pause further increases.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |