The Federal Reserve on Wednesday released its decision in interest rates.
Author: admin@finance
Fed still expects to cut rates once this year despite spiking oil prices
The central bank’s so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last year.
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This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in January.
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Futures markets took any realistic chance of a cut off the table until at least December.
Wholesale prices rose 0.7% in February, much more than expected and up 3.4% annually
Wholesale prices rose sharply in February, providing another sign that inflation continues to percolate even aside from rising energy prices.
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Bain Capital taps buyer interest for Bridge Data Centres, offering up to 70% stake, sources say
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