Reported about 1 year ago
The Federal Reserve kept interest rates unchanged during its June policy meeting and revised its projection for fewer rate cuts by the end of the year, now expecting only one rate cut in 2024 rather than the previously forecasted three. This adjustment follows a milder-than-expected May Consumer Price Index (CPI) report where headline inflation remained steady month-over-month and increased by just 0.2% on a core basis. Trending stocks on Yahoo Finance include Oracle (ORCL), Taiwan Semiconductor Manufacturing Company (TSM), and Microsoft (MSFT). Notable guests scheduled for the day include economists and industry leaders like Paul Donovan of UBS Global Wealth Management, Vishal Khanduja of Morgan Stanley, and Robert Kaplan, the former President of the Federal Reserve Bank of Dallas.
Source: YAHOO