Fed Projects One Rate Cut This Year
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The current gold selloff hints at the Catch-22 still haunting the Federal Reserve and the market's inability to make sense out of it.
The Federal Reserve did not cut its influential fed funds rate this afternoon. However, central bankers released a report detailing their projections for various economic indicators at 2 p.m. Eastern Time.
In a statement, the Federal Reserve said that “implications of developments in the Middle East for the U.S. economy are uncertain.”
By David Lawder March 18 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday described significant challenges in bringing inflation down, from persistent tariff-driven price hikes to Iran war-driven energy price hikes that the U.
U.S. stocks are drifting lower Wednesday after another rise in oil prices raised worries about inflation, which may have been primed to worsen even before the war with Iran began. The S&P 500 slipped 0.