Stocks closed mostly higher as the May consumer price index was unchanged and the Federal Reserve signaled just one rate cut this year. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq were all down in the last hour of trading today. X The Dow closed 0.1% lower after a quiet afternoon and … Read more
WASHINGTON (AP) – Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months, but signaled that they expect to cut their key interest rate only once this year. Policymakers’ forecast for one rate cut was down from an earlier forecast of three because inflation, despite cooling in the … Read more
American households hoping that interest rates will soon fall will have to wait a little longer. The Federal Reserve is expected to keep the key interest rate unchanged on Wednesday, at least until there are clearer signs that inflation is rising more slowly. But forecasters will be listening to Jerome H. Powell, the Fed chairman, … Read more