Fed May Need to Accelerate Rate Hikes Jerome Powell Says
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Fed keeps rates steady as it notes 'lack of further progress' on inflation
With the decision to hold the line on rates, the committee noted a "lack of further progress" in getting inflation back down to the central bank's 2% target.CNBC - Business - Federal Reserve -
Fed holds off on rate cuts after 'lack of further progress' on inflation
The Federal Reserve voted to keep interest rates at a 23-year high as inflation has edged up and the labor market remains strong, likely pushing potential rate cuts even later into the year. Interest rates will remain at a range of 5.25 to 5.5 ...The Hill - Politics - Federal Reserve -
What the Fed's interest rate pause means for your credit card debt
The Federal Reserve kept its federal funds rate unchanged. Here's what that means for your credit card debt.CBS News - Top stories -
S&P 500 Slips After Fed Keeps Rates Steady
Treasury yields inched down but are still up sharply for the year.The Wall Street Journal - World - Federal Reserve -
Fed Holds Rates Steady, Noting Lack of Progress on Inflation
The Federal Reserve left interest rates unchanged for a sixth straight meeting and suggested that rates would stay high for longer.The New York Times - Top stories - Federal Reserve -
Breaking down the Fed decision to keep interest rates steady
The Federal Reserve announced Wednesday it is keeping interest rates steady. The move comes as the central bank continues to deal with inflation. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss.CBS News - Top stories - Federal Reserve -
Fed Will Keep Interest Rates Unchanged Until Inflation Cools
Rates will stay at a two-decade high until inflation drops to central bank's 2 percent target.Inc. - Business - Federal Reserve -
The Fed isn’t cutting rates, but these four banks are already paring rates on high-yield savings accounts
The Federal Reserve’s benchmark interest rate is staying put for now, but a handful of large banks are starting to trim the rates they offer on high-yield savings accounts.MarketWatch - Business - Federal Reserve -
Stocks Turn Higher After Powell Comments
Stocks were turning higher following the Federal Reserve’s widely expected decision to keep rates steady.The Wall Street Journal - World -
Powell says he doesn’t see the ‘stag’ or the ‘flation.’ UBS has a playbook if he’s wrong.
A team of UBS derivatives strategists led by Maxwell Grinacoff put together a playbook for a stagflation scenarioMarketWatch - Business -
Fed
Federal ReserveThe Wall Street Journal - World - Federal Reserve -
Bank of Canada 'Getting Closer' to Rate Cuts, Macklem Says
Central bank officials are confident inflation will continue to decelerate, Gov. Tiff Macklem said, adding that higher rates in Canada are having ‘more traction’ than in the U.S.The Wall Street Journal - World -
Reasons why the AI stock correction may be overdone
Recent sharp moves highlight the hypersensitivity of the sector to relatively benign cyclical movesFinancial Times - Business -
Europeans have more time, Americans more money. Which is better?
Life expectancy, happiness, sustainability and innovation among factors shaping work attitudesFinancial Times - Business -
Rebuilding bombed Gaza homes may take 80 years, U.N. says
Rebuilding homes in the Gaza Strip could drag into the next century if the pace follows the trend of previous conflicts, according to a U.N. report released on Thursday.NBC News - Top stories -
South Korea's Export Growth Accelerated in April
Exports from Asia’s fourth-largest economy accelerated on brisk demand for semiconductors, smartphones, cars and other Korean goods overseas.The Wall Street Journal - World - South Korea -
'It's a good time to lock in,' expert says. What to know to get the best rates on your cash now
Stubborn inflation may lead the Federal Reserve to keep interest rates where they are for longer. That's good news for cash savers, experts say.CNBC - Business -
Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller
It marked another increase after the prior month's annual gain of 6%, and the fastest rate of price growth since November 2022.CNBC - Business -
Mammograms should start at 40 to address rising breast cancer rates at younger ages, panel says
Regular mammograms to screen for breast cancer should start younger — at age 40ABC News - Health -
Trump says he may free every Jan. 6 rioter. His team is eyeing 'case-by-case' pardons.
Former President Donald Trump said he'd "absolutely" consider pardoning every Jan. 6 defendant while his campaign said they'll consider pardons "case-by-case."NBC News - Politics - Donald Trump -
Teamsters Canada Says Strikes at CN Railway, Canadian Pacific Kansas City Could Begin May 22
OTTAWA–The union representing over 9,000 workers at Canada’s two biggest railroads said nearly all of its members voted in favor of going on strike as early as May 22, which could cause extensive disruptions across North American logistics networks.The Wall Street Journal - World - Canada -
RBA May Have Been Too Timid in Fight Against Inflation, Economist Says
The Reserve Bank of Australia has likely been far too timid in raising interest rates given that swaths of the economy are still going strong, according to a former senior manager at the central bank.The Wall Street Journal - World -
Amazon cloud sales growth accelerates as group prepares for more AI spending
Ecommerce company’s operating income more than triples as Amazon Web Services and adverts provide a boostFinancial Times - Business -
KKR Sees Private-Equity Pipeline Accelerating as Credit Market Loosens
The buyout firm said easier bank financing is opening up dealmaking opportunities as the year unfolds.The Wall Street Journal - World -
Why Musk Now Needs China More Than It Needs Him
China used Elon Musk’s trip to promote its message that it is open to American businesses, despite rising tensions with the U.S.The Wall Street Journal - Business - China -
The frozen Fed
And the spill at StarbucksFinancial Times - World - Federal Reserve