The Federal Reserve's Two-Day Policy Meeting Started Tuesday—Here's What You Need to Know
Key Takeaways
- The Federal Open Market Committee meeting started Tuesday and will culminate with a policy statement Wednesday.
- The committee is not expected to cut its benchmark interest rate as it continues to take a “wait-and-see” approach.
- Despite the scheduled release of their economic projections,
The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged
WASHINGTON (AP) — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated.
The Fed also now expects the economy to grow more slowly this year and next than it did three months ago,
Read MoreFederal Reserve leaves key interest rate unchanged amid uncertainty over economy, inflation
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White House National Economic Council Director Kevin Hassett discusses tariffs and recession fears during his wide-ranging interview on ‘Mornings with Maria.’
The Federal Reserve on Wednesday announced that it will leave its benchmark interest rate unchanged as policymakers continue to assess uncertainty around inflation and economic conditions in light of federal policy shifts.
Read MoreFluence Energy price target lowered to $8 from $10 at Susquehanna
Susquehanna analyst Charles Minervino lowered the firm’s price target on Fluence Energy (FLNC) to $8 from $10 and keeps a Positive rating on the shares. The firm updated estimates and price targets before Q1 earnings for the alternative energy names. The analyst remains cautious on the industry given tariff and Investment Tax Credit repeal risk.
» Read more about: Fluence Energy price target lowered to $8 from $10 at Susquehanna »
Read MoreOil falls as concerns about demand amid US tariff upheaval return
Highlights:
- Concerns about US tariff effects reassert on oil prices
- US, Iran begin drawing up framework for nuclear deal
- Markets eye April PMI data this week
Oil prices fell 1.5% on Monday as investors once again focused on concerns US tariffs on its trading partners will create economic headwinds that will reduce fuel demand growth.
» Read more about: Oil falls as concerns about demand amid US tariff upheaval return »
Read MoreThe Burst
Alert: $182 Price Target on AI Stock, Wall Street Forecast
Investment Alert: Buy Snowflake Under $140 Per Share
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
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1 Overlooked Stock with Huge Potential
A couple of decades ago, eBay stock was all the rage. Buyers and sellers couldn’t get enough of the platform, transacting in a wide range of goods, and investors couldn’t get enough of the stock. When PayPal was spun out, eBay became a whole lot less interesting to investors, and today it stands virtually ignored.
» Read more about: 1 Overlooked Stock with Huge Potential »
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