FOREXLIVEIs the great inflation scare almost over? Or are we just warming up for the second chapter?
Markets and Federal Reserve officials are on edge as they try to figure out where prices are headed next and if 5% Fed funds are too high, too low or just right. The stakes are especially high in Wednesday's US CPI report as it comes just a few hours before the FOMC decision and the latest update to the Fed dot plot.
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European stocks closed lower on Thursday on concerns the Federal Reserve might not reduce interest rates more than one time this year despite soft consumer price and producer price inflation data.
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John Wiley & Sons, Inc. (WLY) reported Thursday net income for the first quarter of $25.27 million or $0.46 per share, sharply lower than $68.34 million or $1.22 per share in the prior-year quarter.
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Asian stocks rose broadly on Thursday as soft U.S. inflation data helped keep the door open for a Federal Reserve rate cut in September.
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While announcing its widely expected decision to leave interest rates unchanged on Wednesday, the Federal Reserve also revealed officials now expect only one interest rate cut this year. In support of its goals of
About 1 Year Ago
Asian stocks drifted lower on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates.
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