After the hot March Consumer Price Index report was released on Wednesday, traders started shifting their expectations for when the Federal Reserve will...
Investors are watching for the giant banks to demonstrate how they benefit if interest rates remain higher than expected this year
On the possibility of another rate hike coming before a rate cut, Bullard thinks that rather than raising rates, the hawks on the committee"can just stay where they are because the policy rate is pretty high, and it has been viewed as restrictive."The biggest battle for the Fed has been getting inflation down to its 2% target. The central bank has kept rates at a restrictive level and yet inflation has proven to be stickier than many people thought.
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