Jerome Powell LIVE: Federal Reserve Bank Interest Rate Decision | FOMC Meeting | US Market | IN18L

US Fed Rate Decision Live Updates: All eyes on FOMC meeting and Powell’s comments | CNBC TV18
Federal Reserve Chair Jerome Powell gives a news conference after the Open Market Committee decides on interest rates, following their two-day meeting. The US Federal Reserve’s Federal Open Market Committee (FOMC) will decide on the next course of action in America’s monetary policy, today. Fed Chair Jerome Powell will announce the decision to cut or raise interest rates, or to maintain the status quo
The Federal Reserve meets this week for the first time since recent high inflation readings dampened hopes that the central bank would lower interest rates three times this year.
The prospect of three rate cuts had juiced the stock market and led analysts to boost their 2024 economic growth forecasts.
Though stocks initially tumbled following the disappointing inflation reports, they’ve partly rebounded the past week on strong earnings from Big Tech companies.
At the close of a two-day meeting that starts Tuesday, the Fed was expected to keep its key short-term interest rate unchanged at a 23-year high of 5.25% to 5.5%. Fed officials aren’t scheduled to update their March forecasts on the economy, inflation and rates. But Fed Chair Jerome Powell could provide clues on where he thinks interest rates are headed.
#JeromePowell #FederalReserveBank #FOMC #USMarkets #LiveNews #CNBCTV18