Federal Reserve Chair Jerome Powell discussed the central bank’s decision to hold the benchmark federal-funds rate at its current range around 4.3% after three consecutive rate cuts beginning in September,
A January rate hold is all but certain, but the Federal Reserve chair's first speech during Trump's second presidency could still hold clues on inflation concerns.
The Federal Reserve withdrew from a central-bank climate coalition this month because its work veered outside the Fed's focus on price stabi
US GDP grew by 2.3% on an annualised basis in the final quarter, according to the Bureau of Economic Analysis. This was slower than the 2.6% annualised growth expected by economists polled by Reuters. It was also slower than the previous quarter, when growth was 3.1% annualised.
Chairman Jerome Powell said the central bank is in wait-and-see mode amid mostly positive U.S. economic conditions.
The FTSE 100 index is forecast to open about 25 points lower, having risen 0.3% to 8558 at last night’s closing bell.
The Fed's preferred inflation measure for November, the PCE index, came in below Wall Street estimates ... t try to fire Federal Reserve Chair Jerome Powell despite his past criticism of Powell ...
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IBM projected constant currency revenue to grow 5% in the full year, above estimates for 4.81% growth. Meanwhile, the company forecasted free cash flow of $13.5 billion for the full year, above the $12.92 billion Wall Street had expected. IBM also said its generative AI book business now stands at more than $5 billion.