Fed Chair Powell Holds Press Conference #business
June 12, 2024
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2:17:55Now PlayingFed Chair Powell Holds Press Conference #business
YouTube Description
as posted by the channelIt's "Fed Day" again. Federal Reserve officials penciled in just one interest-rate cut this year and forecast more cuts for 2025, reinforcing policymakers’ calls to keep borrowing costs high for longer to suppress inflation.
Officials voted unanimously to keep the benchmark federal funds rate in a range of 5.25% to 5.5% -- a two-decade high first reached in July. Policy makers now see four cuts in 2025.
We have extensive live coverage from Bloomberg Television with top guests including JPMorgan's Bob Michele, Bloomberg Opinion Columnist Mohamed El-Erian, KPMG's Diane Swonk, BofA's Michael Gapen and BlackRock's Jeffrey Rosenberg.
#fed #economy #stocks #business
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