Federal Reserve holds interest rates steady, trims economic growth outlook

Federal Reserve holds interest rates steady, trims economic growth outlook

Previewing the Fed’s interest rate decision Previewing the Fed’s interest rate decision 03:42 The Federal Reserve held its benchmark interest rate steady on Wednesday, with investors now waiting to hear from Chair Jerome Powell for further clues on the direction of monetary policy and the state of the U.S. economy.  “Uncertainty around the economic outlook … Read more

Stock market drifts higher as investors await Federal Reserve decision on interest rates

Stock market drifts higher as investors await Federal Reserve decision on interest rates

The Federal Reserve famously hates to surprise financial markets. That’s why Wall Street forecasters overwhelmingly expect the U.S. central bank to leave its benchmark interest rate unchanged when the Fed announces its latest policy statement today at 2 p.m. EST.  Fed Chair Jerome Powell has repeatedly signaled of late that policymakers are in no hurry … Read more