Fed Chair Powell: ‘Uncertainty Is Remarkably High’
Federal Reserve Chair Jerome Powell has wrapped up his press conference, one that was peppered with the word “uncertainty.” He reiterated several times that uncertainty is swirling around the ...
Fed Still Expects Two Rate Cuts in 2025, Despite Expectations of Weaker Growth, Higher Inflation
Federal Reserve Chair Jerome Powell says the combination of weaker growth and higher inflation in the Fed’s new economic projections “cancel each other out,” when asked about the unchanged expectation ...
Fed Officials Grow More Uncertain About Unemployment Outlook
More Federal Reserve officials are uncertain about the outlook for the unemployment rate, and see risks to the labor market increasing. In the central bank's "dot plot," of economic projections, a cle ...
Turkish Stocks and Lira Tumble After Istanbul Mayor Detained
Turkish assets fell sharply Wednesday, after police detained Istanbul mayor Ekrem Imamoglu, a rival of President Recep Tayyip ...