Reported about 8 hours ago
The Federal Reserve has decided to maintain interest rates following the delay of punitive tariffs from the U.S.-China trade conflict, as this reduces the likelihood of an economic slowdown. With rising bond yields and stock futures, traders have adjusted their expectations for rate cuts, now projecting a potential half-point decrease by the end of the year instead of an earlier cut. This tariff delay reduces concerns about inflation and job market impacts, allowing the Fed to take a cautious stance.
Source: YAHOO