News about Federal Reserve, rates

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

Stocks and bonds rally after Fed's Powell said: “It’s unlikely that the next policy rate move will be a hike.” pic.twitter.com/iTCF2CH7Fh

Tomorrow's news today... BREAKING: THE FED HOLDS INTEREST RATES AT 5.25-5.50%, CITING FIRMER PRICE PRESSURES AND LOWER CONFIDENCE THAT INFLATION WILL MOVE DOWN TO THEIR 2% TARGET THIS YEAR.

Powell says rates are restrictive, says it's highly unlikely for the Fed's next move to be a rate hike. 2-year yields respond as expected: pic.twitter.com/cmWAFZDWuN