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Tag: Steady
Oil prices steady as investors await inflation data, OPEC+ meeting
By Yuka Obayashi TOKYO (Reuters) – Oil prices were steady in early Asian trading on Tuesday as investors awaited inflation data to assess future U.S. monetary policy and the production policy decisions from the OPEC+ meeting on June 2. The Brent crude July contract dropped 3 cents to $83.07 a barrel by 0038 GMT. The […]
Spending to drop in FY25 budget as Walkersville holds tax rate steady
The Walkersville Town Commission has approved a Fiscal Year 2025 budget of $7.4 million — down 14.5% from this year — while keeping its property tax and water rates the same as this year. The town’s water fund was set at nearly $4.9 million for FY25, an increase of about 237% from this fiscal year. […]
Futures steady as Fed policy caution weighs, Nvidia results awaited
(Reuters) – U.S. index futures were muted on Tuesday, as investors refrained from placing big bets before AI chip leader Nvidia’s earnings this week and amid policy caution from Federal Reserve officials ahead of the central bank’s meeting minutes. Rate-setters have offered few clues on the timing for rate cuts this year and several Fed […]
Incoming Taiwan president Lai to pledge steady approach to relationship with China
By Yimou Lee TAIPEI (Reuters) – Taiwan’s next president, Lai Ching-te, will pledge to secure stability by maintaining the status quo in the island’s relationship with China in his inauguration speech on Monday, an incoming senior security official said. Lai, who succeeds President Tsai Ing-wen after having been her vice president for the past four […]
US futures hold steady as inflation test looms
US stocks held steady on Wednesday, eyeing fresh record highs ahead of a crucial update on consumer prices that could upend rate-cut hopes and as meme stocks regrouped after a roaring rally. Futures on the Dow Jones Industrial Average (YM=F) and S&P 500 (ES=F) hovered above the flatline. Contracts on the Nasdaq 100 (NQ=F) were […]
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Fed holds interest rates steady, gives no sign it will cut soon as inflation fight stalls
WASHINGTON–The Federal Reserve held its key interest rate steady again Wednesday and gave no signal that it plans to lower it anytime soon following a resurgence of inflation early this year. In a statement after a two-day meeting, the Fed pointedly said: “In recent months, there has been a lack of further progress toward the (Fed’s) 2 […]
Fed to hold rates steady as inflation dims hopes for policy easing
By Howard Schneider WASHINGTON (Reuters) – U.S. central bank officials will conclude their latest two-day policy meeting on Wednesday with a new statement and comments from Federal Reserve Chair Jerome Powell that could give a clearer sense of how recent disappointing inflation readings have changed the expectation for interest rate cuts this year. The Fed […]
German inflation rate holds steady at 2.2% in April
A receipt lies on top of the groceries in a shopping bag. The inflation rate in Germany remained unchanged in April after declines in the three consecutive preceding months. Sina Schuldt/dpa The inflation rate in Germany remained unchanged in April after declines in the three consecutive preceding months. Consumer prices in April rose by 2.2% […]
Bitcoin holds steady after completing fourth-ever halving
Bitcoin on Friday completed its fourth-ever “halving” with prices for the world’s largest cryptocurrency remaining relatively stable through the weekend in the aftermath of the event. Bitcoin prices, which recently hit an all-time high of $73,803 in mid-March, were at about $64,036 prior to the halving that occurred after 8 p.m. ET on Friday. Prices […]
The Fed’s probably going to hold rates steady for longer than expected. But even when that awaited rate cut comes, it may not be all that cathartic
Federal Reserve Chair Jerome Powell isn’t going to cut rates just because you want him to. Seems obvious, but it bears repeating. The federal funds rate currently stands at a 23-year high, between 5.25% and 5.5%. And, as a reporter, I feel like I’ve been on rate-cut-watch for a…long time. But, coming into 2024, there […]