The Federal Reserve kept interest rates at a 23-year high Wednesday while opening the door to a September cut if inflation continues to show progress.
Fed officials voted to keep their benchmark interest rate in a range of 5.25%-5.50%, a 23-year high. The decision was unanimous.
But he noted that if inflation proved to be stickier than anticipated, the Fed would weigh that along with other factors.The hints dropped by the Fed's Federal Open Market Committee on Wednesday came in the slight changes it made to a policy statement. Fed officials have also been making it clear they are paying more attention to a slowing job market, another sign that cuts were likely nearing.
In fact, some Fed officials have indicated they need more than one quarter’s worth of good data to know for sure that inflation is traveling in the right direction. They may want to see what the July and August readings show first. DETROIT — U.S. auto safety regulators say they stand by a conclusion that more than 50 million air bag inflators are dangerous and should not be in use, taking another step toward a massive recall.King Mohammed VI invited French President Emmanuel Macron for an official visit, after Paris announced a position in support of Morocco's sovereignty over the disputed territory of Western Sahara.
Laurentian Bank will release its third quarter results for the quarter ended July 31, 2024, on Friday, August 30, 2024. The results are expected to be released at approximately 6:30 a.m. , followed by a live audio webcast and teleconference call with analysts, investors and media representatives at 9:00 a.m. .
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