The Federal Open Market Committee’s March projections for rate cuts shows a median Federal funds rate of 4.6% in 2024.
Here’s what changed in the new Fed statement
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.
Mega Millions jackpot hits $977 million. Here’s what financial experts say to do if you score the winning ticket
The Mega Millions jackpot hit an estimated $977 million. Here’s what to know if you score the winning ticket.
Stocks making the biggest moves midday: Signet Jewelers, Chipotle, Mobileye Global, Best Buy and more
These are the stocks posting the largest moves in midday trading.
Bank of England set to hold rates, but falling inflation brings cuts into view
The Bank of England is widely expected to keep interest rates unchanged at 5.25% on Thursday, but economists are divided on when the first cut will come.
Stocks making the biggest moves premarket: Chipotle, MicroStrategy, CarMax, Intel and more
These are the stocks posting the largest moves in premarket trading.
European Central Bank’s Lagarde says June data key for rate cut decision
“By June we will have a new set of projections that will confirm whether the inflation path we foresaw in our March forecast remains valid,” the ECB chief said.
Gucci sales to fall 20% in first quarter, Kering warns
CNBC’s Charlotte Reed discusses Kering’s surprise profit warning, as the company forecasts Gucci sales will fall 20% in the first quarter of 2024.
Gucci sales to plunge 20% in first quarter as Kering issues rare luxury profit warning
French luxury group Kering warned Tuesday that Gucci sales look set to fall 20% in the first quarter as declining Asia sales continue to weigh on the fashion brand.
EU-China trade relations are in a ‘slow-motion train accident,’ business group says
Trade tensions between Europe and Beijing will likely escalate, according to Jens Eskelund, president of the European Union Chamber of Commerce in China.