• Privacy Policy
LSD News
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
LSD News
No Result
View All Result
Home Stock

Federal Reserve keeps interest rate steady, says inflation remains elevated

by
September 20, 2023
in Stock
0
Federal Reserve keeps interest rate steady, says inflation remains elevated
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



The Federal Open Market Committee kept its interest rates steady in a range of 5.25% to 5.5%, a 22-year high, after the end of its two-day meeting. Majority of economists polled by Bloomberg had expected the Federal Reserve to pause its interest-rate hikes, though a recent spike in oil prices has raised concerns another hike may lie ahead.

From March 2022 through May 2023 the Fed raised rates at 10 successive meetings – by anywhere from a quarter to three quarters of a point – as it fought the worst rise of inflation since the early 1980s. In June the Fed paused before hiking again in the July meet.

Data since the Fed’s last meeting, while generally supporting the view of slowing inflation alongside continued economic growth, has been somewhat mixed as the pace of headline price increases recently jumped. Price increase pressures have showed signs of persistence.

And signs have grown that the job market isn’t as robust as it had been, which helps keep a check on inflation: The pace of hiring has moderated. The number of unfilled openings fell sharply in June and July. And the number of Americans who have started seeking work has jumped.

“Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. Inflation remains elevated.,” the US Fed in a statement.

This week’s Fed meeting comes as central banks around the world are mostly raising rates to fight inflation, which spiked after the pandemic hampered global supply chains, causing shortages and higher prices. Inflation worsened after Russia’s invasion of Ukraine in February 2022 sent oil and other commodity prices spiking. The Fed leads a week jammed with key central bank meetings, with policy announcements in Sweden, Switzerland, Norway, Britain and Japan all due later this week.

The European Central Bank raised its benchmark rate last week for the 10th time to 4%, the highest level on record since the euro was established in 1999, though it signaled that it could be its last hike.

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Top Trending Stocks: Sensex Today Live, SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Related

Tags: elevatedFed monetary policyFed rateFed rate decisionFederalFederal Open Market CommitteeinflationinterestJerome PowellrateremainsreserveSteady
Previous Post

Fed declines to hike, but points to rates staying higher for longer

Next Post

Budweiser will no longer shorten the tails of its iconic Clydesdales after PETA complained that it amounted to ‘cruelty’

Next Post
Budweiser will no longer shorten the tails of its iconic Clydesdales after PETA complained that it amounted to ‘cruelty’

Budweiser will no longer shorten the tails of its iconic Clydesdales after PETA complained that it amounted to 'cruelty'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 131 Followers
  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Hawaii officials work to address mental health challenges facing wildfire survivors

Hawaii officials work to address mental health challenges facing wildfire survivors

August 17, 2023
Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

August 10, 2023
Working-age Americans are struggling to pay for health care, even those with insurance, report finds

Working-age Americans are struggling to pay for health care, even those with insurance, report finds

October 28, 2023
Weekend-only exercise can still offer major health benefits, study finds

Weekend-only exercise can still offer major health benefits, study finds

November 25, 2023
Ethereum Price To Reclaim $1,300, What Are The Possibilities?

Ethereum Price To Reclaim $1,300, What Are The Possibilities?

0
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

0
Stock market update: Stocks that hit 52-week lows on NSE in today’s trade

Stock market update: Stocks that hit 52-week lows on NSE in today’s trade

0
Wealthy Chinese keep on spending while others cut back, survey finds

Wealthy Chinese keep on spending while others cut back, survey finds

0
Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers

Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers

December 4, 2023
Not saving in your 401(k)? Your employer may re-enroll you

Not saving in your 401(k)? Your employer may re-enroll you

December 4, 2023
Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a gap-up start; Asian shares trade mixed – The Economic Times

Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a gap-up start; Asian shares trade mixed – The Economic Times

December 4, 2023
Crypto execs says the bull run is underway and could lead to $100,000 bitcoin in 2024

Crypto execs says the bull run is underway and could lead to $100,000 bitcoin in 2024

December 4, 2023

Recent News

Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers

Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers

December 4, 2023
Not saving in your 401(k)? Your employer may re-enroll you

Not saving in your 401(k)? Your employer may re-enroll you

December 4, 2023
Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a gap-up start; Asian shares trade mixed – The Economic Times

Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a gap-up start; Asian shares trade mixed – The Economic Times

December 4, 2023
Crypto execs says the bull run is underway and could lead to $100,000 bitcoin in 2024

Crypto execs says the bull run is underway and could lead to $100,000 bitcoin in 2024

December 4, 2023

We bring the latest news from all over the world and get all time updated you

Follow Us

Browse by Category

  • Arts & Entertainment, Music
  • Arts & Entertainment, Photography
  • Business
  • Business, Careers
  • Business, Customer Service
  • Business, Home Based Business
  • Business, Marketing
  • Business, Sales
  • Communications, Mobile Phones
  • Computers, Data Recovery
  • Computers, Games
  • Computers, Hardware
  • Crypto News
  • Disease & Illness, Breast Cancer
  • Fashion, Jewelry
  • Finance
  • Finance, Credit
  • Finance, Currency Trading
  • Finance, Investing
  • Finance, Real Estate
  • Finance, Taxes
  • Food & Beverage, Coffee
  • Food & Beverage, Gourmet
  • Food & Beverage, Wine
  • Health
  • Health & Fitness, Acne
  • Health & Fitness, Cardio
  • Health & Fitness, Diabetes
  • Health & Fitness, Exercise
  • Health & Fitness, Medicine
  • Health & Fitness, Weight Loss
  • Home & Family, Crafts
  • Home & Family, Gardening
  • Home & Family, Hobbies
  • Home & Family, Holidays
  • Home & Family, Home Improvement
  • Home & Family, Home Security
  • Home & Family, Landscaping
  • Home & Family, Pets
  • Internet Business, Affiliate Programs
  • Internet Business, Audio-Video Streaming
  • Internet Business, Blogging
  • Internet Business, Ecommerce
  • Internet Business, Email Marketing
  • Internet Business, Podcasts
  • Internet Business, SEO
  • Internet Business, Site Promotion
  • Internet Business, Web Design
  • Politics
  • Politics, Commentary
  • Politics, Current Events
  • Product Reviews, Book Reviews
  • Product Reviews, Consumer Electronics
  • Product Reviews, Movie Reviews
  • Product Reviews, Music Reviews
  • Recreation & Sports, Biking
  • Recreation & Sports, Fishing
  • Recreation & Sports, Martial Arts
  • Reference & Education, College
  • Reference & Education, Homeschooling
  • Reference & Education, K-12 Education
  • Reference & Education, Sociology
  • Self Improvement, Coaching
  • Self Improvement, Creativity
  • Self Improvement, Happiness
  • Society, Divorce
  • Society, Sexuality
  • Society, Weddings
  • Sports
  • Stock
  • Tech
  • Travel
  • Travel & Leisure, Aviation
  • Travel & Leisure, Destinations
  • Travel & Leisure, Travel Tips
  • Travel & Leisure, Vacations
  • Uncategorized
  • Vehicles, Boats
  • Vehicles, Cars
  • Writing & Speaking, Writing

Recent News

Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers

Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers

December 4, 2023
Not saving in your 401(k)? Your employer may re-enroll you

Not saving in your 401(k)? Your employer may re-enroll you

December 4, 2023
  • Privacy Policy

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Privacy Policy

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

  • bitcoinBitcoin(BTC)$35,404.002.62%
  • ethereumEthereum(ETH)$1,834.511.58%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$230.812.55%
  • rippleXRP(XRP)$0.610.69%
  • usd-coinUSDC(USDC)$1.00-0.05%
  • solanaSolana(SOL)$43.8211.48%
  • staked-etherLido Staked Ether(STETH)$1,833.391.69%
  • cardanoCardano(ADA)$0.3098437.47%
  • dogecoinDogecoin(DOGE)$0.0699594.44%
  • tronTRON(TRX)$0.1003142.05%
  • ToncoinToncoin(TON)$2.201.43%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • chainlinkChainlink(LINK)$11.221.48%
  • matic-networkPolygon(MATIC)$0.676.54%
  • polkadotPolkadot(DOT)$4.748.08%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$35,382.002.69%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.880.36%
  • litecoinLitecoin(LTC)$70.122.70%
  • bitcoin-cashBitcoin Cash(BCH)$243.091.20%
  • shiba-inuShiba Inu(SHIB)$0.0000083.84%
  • avalanche-2Avalanche(AVAX)$12.017.66%
  • daiDai(DAI)$1.000.07%
  • leo-tokenLEO Token(LEO)$3.89-2.12%
  • uniswapUniswap(UNI)$4.6914.32%
  • stellarStellar(XLM)$0.120970-1.09%
  • true-usdTrueUSD(TUSD)$1.000.23%
  • ftx-tokenFTX(FTT)$23.71-3.46%
  • moneroMonero(XMR)$171.280.18%
  • Bitcoin Cash ABCBitcoin Cash ABC(BCHA)$151.06-6.64%
  • okbOKB(OKB)$45.561.24%
  • ethereum-classicEthereum Classic(ETC)$17.690.18%
  • BitTorrentBitTorrent(BTT)$0.003681-1.64%
  • cosmosCosmos Hub(ATOM)$7.932.86%
  • binance-usdBUSD(BUSD)$1.000.00%
  • hedera-hashgraphHedera(HBAR)$0.0551277.19%
  • filecoinFilecoin(FIL)$3.944.61%
  • internet-computerInternet Computer(ICP)$4.075.54%
  • AptosAptos(APT)$7.030.90%
  • crypto-com-chainCronos(CRO)$0.0630372.69%
  • lido-daoLido DAO(LDO)$1.852.02%
  • quant-networkQuant(QNT)$103.420.82%
  • nearNEAR Protocol(NEAR)$1.467.26%
  • vechainVeChain(VET)$0.0194284.35%
  • aaveAave(AAVE)$95.4516.20%
  • injective-protocolInjective(INJ)$15.5911.92%
  • ArbitrumArbitrum(ARB)$1.016.10%
  • MantleMantle(MNT)$0.4025286.42%
  • optimismOptimism(OP)$1.422.60%
  • Shiba SagaShiba Saga(SHIA)$0.151738-15.33%