Federal Reserve officials now expect higher interest rates through 2028, signaling a slower pace of cuts than previously projected. Federal Reserve policymakers raised their median interest rate projection for the end of 2026 to 3.8%, up from 3.4% in March, according to th
Federal Reserve leaves benchmark interest rate unchanged, aligning with market expectations amid inflation and growth signals. The Federal Reserve kept its federal funds target rate at 3.50-3.75%, matching widespread forecasts. The decision reflects ongoing assessments of
June 17, 2026 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT The Federal Open Market Committee approved the following statement for release by a 12 â 0 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4
June 17, 2026 Federal Reserve Board and Federal Open Market Committee release economic projections from the June 16-17 FOMC meeting For release at 2:00 p.m. EDT The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Mar
Markets await Warsh’s press conference for signals on Fed communication shifts after his first policy decision as chair. The Federal Reserve kept its benchmark interest rate steady at 3.50%-3.75% in Kevin Warsh’s first policy meeting as chair, aligning with market expectat
The conflict has produced a patchwork of lawsuits, cease-and-desist orders and proposed legislation. Nevada became the first state to temporarily block Kalshi's operations earlier this year, while Arizona accused the company of operating an illegal gambling business by off
Rivian is cutting fewer than 2% of its employees to bring costs under control as it works towards profitability. In a statement to Just Auto, the company said: "We recently restructured a handful of teams within Rivian as we work to profitably scale our business." The cuts
Carvana Co (NYSE:CVNA) stock is down 7.6% to trade at $64.71 today, weighed down by CarMax's (KMX) earnings report that detailed used-car market softness and subprime auto risks. Despite a 23% year to date deficit, CVNA is flashing a historically bullish signal in its opti
The Federal Reserve maintains its federal funds rate target range while acknowledging strong economic activity and persistent inflation pressures. The Federal Reserve kept its target range for the federal funds rate unchanged at 3.5 to 3.75 percent, citing solid economic e
Markets await potential shifts in the dot plot and statement as the FOMC convenes under new leadership with inflation risks rising. The Federal Reserve’s first meeting under Chair Kevin Warsh is underway, with investors closely monitoring for a hawkish tilt in the dot plot
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