market

US Fed Reserve's Jerome Powell hints at interest rate hike pause in June policy


Chair Jerome Powell indicated Friday that the Federal Reserve will likely forgo an increase in its benchmark interest rate when it meets in June for the first time since it began raising its key rate 14 months ago to fight high inflation. In signaling so, Powell provided some clarity about the Fed’s likely next policy move after a cacophony of speeches this week by central bank officials had clouded the picture.



READ SOURCE

Read More   Stocks making the biggest moves midday: SiriusXM, Cintas, United Natural Foods and more

This website uses cookies. By continuing to use this site, you accept our use of cookies.