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US Fed holds interest rates and pencils at just one cut this year

The annual consumer price index (CPI) came in at 3.3 percent last month, down 0.1 percentage point from April and unchanged on a monthly basis

WASHINGTON, DC - JUNE 12: Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the Federal Reserves�s William McChesney Martin building on June 12, 2024 in Washington, DC. Following the two-day Federal Open Markets Committee meeting Powell said the Fed has decided to keep their current rate range of 5.25-5.50 percent and signaled that it believes long-run rates will stay higher than previously indicated. Kevin Dietsch/Getty Images/AFP (Photo by Kevin Dietsch / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)(Getty Images via AFP)
Published on Jun 13, 2024 03:07 AM IST
AFP | | Posted by Arya Vaishnavi

When can US Fed rate change be expected as policymakers see just 1 cut this year

As inflation is back on a downward path, this paves the way for interest-rate cuts in coming months.

US Federal Reserve Chairman Jerome Powell speaks during a press conference.(AFP)
Published on Jun 12, 2024 11:56 PM IST

US Federal Reserve keeps key lending rate unchanged, one cut possible in 2024

US Fed meeting outcome: This comes as inflation in the United States eased in May for a second straight month.

US Fed meeting outcome: The US Federal Reserve building is seen in Washington, DC. (AP )
Updated on Jun 13, 2024 07:35 AM IST

US consumer inflation grows more than expected in March, Fed rate cut looms

US consumer inflation: The March figures mark the third straight month of inflation readings well above US Federal Reserve's 2% target.

People shop in the food section of a retail store in Rosemead, California.(AFP)
Updated on Apr 10, 2024 06:19 PM IST

Sensex jumps over 750 points, Nifty tops 22,050; 5.8L crore added

Stock Market today: The US Federal Reserve, in its March meeting, voted to leave the key interest rate unchanged at 5.25-5.50 per cent.

Stock market today: Among the widely-tracked Nifty 50 stocks, 47 advanced, and the rest were in the red.
Published on Mar 21, 2024 12:42 PM IST
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