“Modest” Progress On Inflation, Only One Cut Coming? 6/12/24

from Power Lunch · host CNBC

The Federal Reserve kept its key interest rate unchanged, and signaled that just one interest rate cut is expected before the end of the year.With markets hoping for a more accommodative central bank, FOMC policymakers took two rate reductions off the table from the three indicated in March. We’ll break down exactly what that means for markets and your money, right up until Fed Chair Powell’s press conference. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What this episode covers

The Federal Reserve kept its key interest rate unchanged, and signaled that just one interest rate cut is expected before the end of the year. With markets hoping for a more accommodative central bank, FOMC policymakers took two rate reductions off the table from the three indicated in March. We’ll break down exactly what that means for markets and your money, right up until Fed Chair Powell’s press conference.

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“Modest” Progress On Inflation, Only One Cut Coming? 6/12/24

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This episode is 28 minutes long.

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This episode was published on June 12, 2024.

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