Here are four things to watch at the conclusion of the Fed's policy meeting on Wednesday.
In many ways, the script has been pre-written for the Federal Reserve’s policy meeting that ends on Wednesday.
With U.S. inflation running at the highest level in 40 years and labor markets tight, Fed Chairman Jerome Powell has already given the green light for a 25 basis point benchmark interest rate hike, the first since 2018, to be followed by a “series” of increases.The Fed will release a statement and updated economic forecasts at 2 p.m. Eastern, followed by Powell’s press conference at 2:30 p.m. Wednesday.
The risk is the Fed gets more aggressive. Economists at Jefferies see the Fed pointing to five rate hikes this year and five in 2023.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold futures skid sharply lower as investors watch Ukraine-Russia, await Fed decisionGold futures on Monday head sharply lower as investors watch the third week of the invasion of Ukraine by Russia and awaited a crucial Fed decision.
Read more »
Bitcoin consolidates below $39,000 as investors await Fed decisionBitcoin is consolidating below $39,000 on Monday, as investors await decisions from the Federal Open Market Committee's two-day meeting, which will conclude...
Read more »
Americans' inflation fears return to 11-year high, New York Fed survey showsAmericans' inflation fears skyrocketed again in February, with concerns over prices hitting the highest level in over a decade, according to a Federal Reserve Bank of New York survey published Monday.
Read more »
Sen. Manchin says he can't support Biden's Fed nominee Sarah Bloom RaskinJoe Manchin says he can't support Biden's Fed nominee Sarah Bloom Raskin, throwing her confirmation into doubt.
Read more »
Manchin opposes Biden Fed nominee RaskinSen. Joe Manchin will oppose Sarah Bloom Raskin’s nomination to the Federal Reserve Board, imperiling her already stalled bid to win confirmation
Read more »