Fed Maintains Interest Rates, Continues Asset Purchases, Forecasts 2023 Rate Hike
The Federal Reserve maintained its target fed funds rate range of between zero and 0.25%. The Fed also reassured investors it will continue to support the economy via asset purchases while the U.S. recovers from the pandemic.
5 Things You Might Not Know About Federal Reserve Chair Jerome Powell
Jerome Powell was sworn in on Feb. 5, 2018 as the 16th chairman of the Federal Reserve. In the role, Powell is tasked with steering America’s economy.
Here is a look at some things you might not know about Powell.
USA Export Prices (MoM) for May 2.200% vs 0.800% Est; Prior 0.800%
USA Export Prices (MoM) for May 2.200% vs 0.800% consensus estimate. The prior reading was 0.800%.
Survey: Hedge Fund Managers Aren’t Worried About Inflation
Investors are eagerly anticipating the U.S. Federal Reserve’s updated economic projections expected out Wednesday.
Inflation is at the forefront of many investors minds at the moment, but the latest global hedge fund manager survey from Bank of America suggests fund managers aren’t particularly concerned about inflation.
USA NAHB Housing Market Index for Jun 81.000 vs 83.000 Est; Prior 83.000
USA NAHB Housing Market Index for Jun 81.000 vs 83.000 consensus estimate. The prior reading was 83.000.
USA Business Inventories (MoM) for Apr (0.200)% vs (0.100)% Est; Prior 0.300%
USA Business Inventories (MoM) for Apr (0.200)% vs (0.100)% consensus estimate. The prior reading was 0.300%.
USA PPI (MoM) for May 0.800% vs 0.600% Est; Prior 0.600%
USA PPI (MoM) for May 0.800% vs 0.600% consensus estimate. The prior reading was 0.600%.