The Federal Reserve left interest rates unchanged in yesterday’s policy announcement, marking the first time the central bank has not lifted rates since the hiking cycle began in March 2022. But Fed Chairman Jerome Powell was careful to advise that more hikes may be coming.
Daily Archives: June 15, 2023
Macro Briefing: 15 June 2023
* Fed’s Powell sees progress on taming inflation, but says more hikes still possible
* US housing market is tight because most homeowners have low mortgage rates
* China industrial output grows less than expected in May
* China central bank cuts its key medium-term lending rate
* EU suggests breaking up Google’s ad business in preliminary antitrust ruling
* US wholesale inflation fell more than expected in May
* Fed leaves interest rates unchanged but expects more hikes ahead:
