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    US Markets

    Fed 'Close' to Where It Can Hold Rates Steady, Harker Says

    Philadelphia Fed President Patrick Harker said that while high inflation is coming down at a "disappointingly slow" pace, the U.S. central bank may not need to raise interest rates much to hurry the process along.

    • 6 hours ago
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    Video

    Nasdaq Watch

    Bill Dudley Sees Fed Pause in June, Likely Hike in July
    Former Federal Reserve Bank of New York President and Bloomberg Opinion columnist Bill Dudley expects the Federal Reserve to pause on raising interest rates at the next FOMC meeting in June, then resuming its round of policy-tightening in July. "I'd be very surprised at this point, especially given Philip Jefferson's remarks yesterday, that they would actually go ahead and tighten at the June meeting," he says on Bloomberg Television. "July seems almost likely at this point."
    Jun 01, 2023
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