Fed Stays Steady, and Powell Offers No Guidance on Future Rate Cuts
After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and rising inflation risks. Jerome H. Powell, the Fed chair, said the central bank was not on a “pre-set course.
Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.
These are today's mortgage and refinance rates. Mortgage rates are likely to remain elevated until inflation comes down ...
The Federal Reserve kept interest rates at current levels and acknowledged that inflation remained stubbornly elevated.
IBM projected constant currency revenue to grow 5% in the full year, above estimates for 4.81% growth. Meanwhile, the company ...
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