Fed Pauses as US Inflation Hits 2-Year Low.
TL;DR Summary
The Federal Reserve left interest rates unchanged, but projections imply two further hikes this year. The S&P 500 finished nearly flat, while the Dow Jones Industrial Average dipped 0.68% and the Nasdaq Composite rose 0.4%. Turkish President Recep Tayyip Erdogan said he would accept his newly appointed finance minister's recommendations on interest rate policies. France is courting Elon Musk to build a Tesla Gigafactory in the country. DoubleLine Capital CEO Jeffrey Gundlach warned that the Fed is "going to break something" if it follows through on its expectations to continue raising rates later this year.
- CNBC Daily Open: The Fed paused, but so did markets CNBC
- U.S. inflation hits 2-year low ahead of FED decision MSNBC
- Fed expected to skip a June rate hike but signal more in the future Yahoo Finance
- US Inflation: Great Post-Covid Scare Enters Final Phase Bloomberg
- The cautionary tale of inflation in Great Britain American Banker
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