A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management.
U.S. consumer price inflation eased to 4.9% year-on-year in April, its lowest annual pace since April 2021. Markets took the new data from the Labor Department earlier this month as a sign that theThe headline consumer price index has cooled significantly since its peak above 9% in June 2022, but remains well above the Fed's 2% target. Core CPI, which excludes volatile food and energy prices, rose by 5.5% annually in April, amid a resilient economy and persistently tight labor market.
showed officials were divided over where to go on interest rates. They eventually opted for another 25 basis point increase at the time, taking the target Fed funds rate to between 5% and 5.25%. Chairman Jerome Powell hinted that a pause in the hiking cycle is likely at the FOMC's June meeting, but some members still see the need for additional rises, while others anticipate a slowdown in growth will remove the need for further tightening. The central bank has lifted rates 10 times for a total of 5 percentage points since March 2022.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Tesla CEO Elon Musk, Ford CEO Jim Farley to host Twitter Spaces talk about EVs ThursdayThe online discussion between rivals comes as Ford attempts to ramp up production of its EVs in an attempt to catch up to Tesla's sales.
Leer más »
Boys Tennis: Previews, early predictions for every state sectional tournament, 2023NJ.com takes a look at every sectional bracket and provides an outlook and prediction
Leer más »
The Ultimate Cheat Sheet to Summer Fashion 2023 / 2024 » Fashion AllureDifferent from the plain prints and subtle colors, this summer’s fashions are a hit because they are bold, upbeat and colorful. The following is the ultimate cheat sheet to this summer’s fashion’s best.
Leer más »
Southern Derby Styles – Looks for the Winner’s Circle 2023 / 2024 » Fashion AllureIf you ask us, there’s no better way to welcome the warm rays of spring than with a good old fashioned Southern Derby. Attending the Derby is a prize in itself, so if you’re lucky enough to be a winner then you better make sure you look like one. Check out our tips on how to dress for the Winner’s Circle and crush this year’s Derby scene in style.
Leer más »
Fleet Week 2023: Parade of Ships rolls into New York HarborFleet Week Returns! Chopper 2 is over the Parade of Ships as it rolls into New York Harbor. Watch live now.
Leer más »