#Fed Chair says that after starting #2024 with 3 months of faster-than-expected hikes, it "will take longer than previously expected" for policymakers to become comfortable that inflation will resume the decline towards 2% Read more here 📖 www.zeebiz.com/economy-infra/world-economy/news-fed-leaves-rates-unchanged-flags-lack-of-further-progress-on-inflation-287662 #FOMC…

#WallStreet on Wednesday | US #StockMarket benchmarks finished the session on a mixed note after #Fed left key interest rate unchanged as widely expected; read more here 👇 www.zeebiz.com/markets/global-markets/news-sp-500-nasdaq-end-lower-after-fed-rate-decision-powell-press-conference-287660 #Nasdaq #Dow #FOMC #sharemarket

The FOMC meeting was a foregone conclusion nonevent. That is likely to be true of the next several meetings. Not changing rates partly reflects good news--the real economy is very strong and does not need cuts. And partly bad news--setbacks in progress on inflation.

Fed Chair Powell summary today: 1) A rate hike is very unlikely 2) His base case is to cut rates later this year, but it’s not a given 3) No sign of stagflation 4) 3% inflation is not acceptable #Fed #economy pic.twitter.com/s6UwoWoSuz