Fed holds rates steady, indicates three cuts coming in 2024
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.With the inflation rate easing and the economy holding in, policymakers on the Federal Open Market Committee voted...
Here’s what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting.Text removed from the October-November meeting statement is in red with a horizontal line through the middle.Text appearing for the first...
Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4%
Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, November 1, 2023.Kevin Lamarque | ReutersThe Federal...
DoubleLine’s Jeffrey Gundlach says 10-year Treasury yield will fall to 3% next...
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6, 2019.Adam Jeffery | CNBCDoubleLine Capital CEO Jeffrey Gundlach said Wednesday the 10-year Treasury yield will continue to fall to the 3% range next year, following the Federal Reserve's new forecast for...
‘Bonds are back’ as markets enter a ‘new paradigm,’...
The HSBC Holdings Plc headquarters building in Hong Kong, China.Paul Yeung | Bloomberg | Getty ImagesLONDON — Markets have entered a "new paradigm" as the global order fragments, while heightened recession risk means that "bonds are back," according to HSBC Asset Management.In...