archiveINFL

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger Acquire Licensing RightsNEW YORK, Sept 21 (Reuters) - The Federal Reserve’s plans for a prolonged period of elevated interest rates could continue pressuring stocks and bonds in coming months, though some investors doubt the central bank will stick to its guns.The U.S. central bank left interest rates unchanged on Wednesday, in line with market expectations. But policymakers bolstered their hawkish stance with a further rate increase projected by...

Central bank keeps policy rate in 5.25%-5.50% rangeProjections show high rates continue through 2024Fed sees continued economic growth, low unemploymentWASHINGTON, Sept 20 (Reuters) - The U.S. Federal Reserve held interest rates steady on Wednesday but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the economy or leading to large job losses.The Fed's benchmark overnight interest rate may still be lifted one more time this year to a peak 5.50%-5.75% range, according to updated quarterly projections released by the U.S. central...