Reported 2 days ago
The Federal Open Market Committee (FOMC) meeting concludes Wednesday with expectations that Fed Chairman Powell will announce no change to the Fed fund rate, currently at approximately 4.32%. Future rate cuts, particularly anticipated for September, have been pushed further back as the market adapts to ongoing economic conditions, including inflationary pressures and trade dynamics. Stock indexes may continue to face downward trends due to these interest rate implications, while the US dollar shows mixed signals amid changing global sentiments.
Source: YAHOO