The Federal Reserve is convening for its two-day FOMC (Federal Open Market Committee) meeting on Tuesday. While officials are expected to hold interest rates...
, investors will be watching the monetary policy outlook and how many rate cuts could be projected in the remainder of 2024.explains the details of the Fed's" dot plot " and how it is viewing recent inflation data ahead of Chair Jerome Powell 's press conference on Wednesday, June 12.And although investors are pretty sure the fed will hold rates steady, they're more focused on rate cut timing for the rest of the year here with more it.
But the latest readings on inflation confirm prices are not accelerating though they may be moving down slower than thought.Ahead of the decision that chair Powell has made very clear, he thinks the fed will need more than a quarter's worth of data to make a judgment on whether inflation is decisively falling toward the central bank's 2% target before cutting rates along with a new round of interest rate projections.
All right, Jennifer, I'll be sitting on the end of my ergonomic chair waiting for your email that the meeting has finally started there. Another major Tesla investor is publicly opposing Elon Musk's $56 billion pay package days before investors vote on the enormous figure.The Canadian energy sector has a generous number of dividend payers, some of which are worth holding onto for decades for a consistent passive income. The post 2 Top Energy Stocks to Make Passive Income for Decades appeared first on The Motley Fool Canada.
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