Employment data for October was among the weakest of recent reports, with prior months revised lower and only 12,000 jobs added
This year marks the third highest US deficit, behind 2021 and 2020, according to the Treasury
The move marks a significant pivot in US monetary policy and a recognition of the Fed's growing comfort with inflation continuing to ease to its target. It is currently about half a percentage point above it.
"The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks," the Fed said in a statement.
The PCE price index rose at an annual rate of 2.7 percent in March, up 0.2 percentage points from a month earlier
The US Federal Reserve voted Wednesday to keep interest rates at a 23-year high for a fifth consecutive meeting, while signaling it still expects to make three cuts this year
The Federal Reserve System (Fed), the arbiter of monetary policy in the US, is facing a number of challenges
The Federal Reserve's dovish December pivot has boosted the case for the weakening dollar to keep falling into 2024
The US Federal Reserve is widely expected to hold interest rates at a 22-year high for a third consecutive meeting on Wednesday as it continues to fight elevated inflation.
Employment data for October was among the weakest of recent reports, with prior months revised lower and only 12,000 jobs added
This year marks the third highest US deficit, behind 2021 and 2020, according to the Treasury
The move marks a significant pivot in US monetary policy and a recognition of the Fed's growing comfort with inflation continuing to ease to its target. It is currently about half a percentage point above it.
"The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks," the Fed said in a statement.
The PCE price index rose at an annual rate of 2.7 percent in March, up 0.2 percentage points from a month earlier
The US Federal Reserve voted Wednesday to keep interest rates at a 23-year high for a fifth consecutive meeting, while signaling it still expects to make three cuts this year
The Federal Reserve System (Fed), the arbiter of monetary policy in the US, is facing a number of challenges
The Federal Reserve's dovish December pivot has boosted the case for the weakening dollar to keep falling into 2024
The US Federal Reserve is widely expected to hold interest rates at a 22-year high for a third consecutive meeting on Wednesday as it continues to fight elevated inflation.
What happened to the 40-year-old bank that was so highly regarded among all stakeholders in America’s tech sector?