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Markets will continue to rally even if the Federal Reserve chooses not to cut interest rates this year, according to Steven Blitz, chief U.S. economist at TS Lombard.
A one-year-old boy in Taiwan has died from abuse after living with a pair of nanny sisters for three months, according to Taiwan media reports.
Vanguard doesn't expect the Federal Reserve to cut interest rates this year, defying the view from Fed officials that the central bank remains on track to reduce rates three times in 2024.
The Federal Reserve held steady on interest rates at the conclusion of its March meeting, and it's sticking with its forecast for three interest rate cuts. During a news conference Fed Chair Jerome Powell noted that a strong jobs market wouldn't deter the central bank from cutting rates.
WASHINGTON (Reuters) -- Federal Reserve Chair Jerome Powell said on Wednesday recent high inflation readings had not changed the underlying "story" of slowly easing price pressures in the U.S., but added that recent data also had not bolstered the central bank's confidence that the inflation battle has been won.
WASHINGTON -- The Federal Reserve held interest rates steady on Wednesday, but policymakers indicated they still expect to reduce them by three-quarters of a percentage point by the end of 2024 despite stodgier expected progress towards the U.S. central bank's 2% inflation target.
Inflation in the U.S. has hit a speed bump.
This was CNBC's live blog covering European markets.