Fed Keeps Rates Unchanged, Investors Bet Rate Cut Coming

Fed Keeps Rates Unchanged, Investors Bet Rate Cut Coming

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Global equities declined Wednesday, capping a 3-day winning streak after the Fed held rates steady as expected, but comments from Fed Chairman Powell cast doubt on whether the central bank’s next move would be a rate cut, as expected. The Fed left its Key interest rate unchanged Wednesday and […]

US Factory Output Flat to Unchanged

US Factory Output Flat to Unchanged

US manufacturing output was flat to unchanged in March after 2 straight monthly decliners. The Federal Reserve said Tuesday manufacturing production last month was restrained by weak motor vehicle and wood products output. Data for February was revised up to show output at factories falling 0.3% instead of declining 0.4% as previously reported. Economists polled by […]

Fed Leaves Rates Unchanged

Fed Leaves Rates Unchanged

Fed Leaves Rates Unchanged The Fed decided to leave rates unchanged, as expected, and noted that near-term risks to the economic outlook appear roughly balanced, but policymakers are keeping an eye on inflation, which has been slow to pick up despite a tightening of the labor market. Fed officials expect that, with further gradual adjustments […]