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Darla Mercado in asian news

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Alex Harring - Darla Mercado - CFP - Sean Conlon - Powell - Fed recap: Chair Powell explains why the central bank isn't ready yet to cut rates - cnbc.com - Usa - county Jerome

Fed recap: Chair Powell explains why the central bank isn't ready yet to cut rates

The Federal Reserve held interest rates steady at their current range of 5.25% to 5.5%, but revised its outlook for rate cuts to just one in 2024. Central bank policymakers noted that there has been "modest further progress" toward its 2% inflation objective. Federal Reserve Chair Jerome Powell noted at the press conference that the central bank does not yet have the confidence to cut rates, even as inflation has eased from its peak levels.

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Darla Mercado - CFP - Powell - Fed meeting recap: Powell pretty much rules out a hike as the central bank's next move - cnbc.com - county Jerome

Fed meeting recap: Powell pretty much rules out a hike as the central bank's next move

Federal Reserve Chair Jerome Powell said it was unlikely that the central bank's next move will be a rate hike. The comment spurred a rally for the three major averages, with the Dow surging more than 500 points in its session high. Central bank policymakers kept rates steady at the conclusion of their May meeting, holding at a range of 5.25% to 5.5%.

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Etf - Darla Mercado - CFP - Cannabis stocks surge as Biden administration moves to reclassify marijuana - cnbc.com - Usa

Cannabis stocks surge as Biden administration moves to reclassify marijuana

Cannabis stocks leapt on Tuesday afternoon, buoyed by a Biden administration decision to ease federal restrictions on marijuana.

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Darla Mercado - CFP - Powell - Fed meeting recap: Everything Powell said during Wednesday's market-moving news conference - cnbc.com - county Jerome

Fed meeting recap: Everything Powell said during Wednesday's market-moving news conference

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.

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Morgan Stanley - Darla Mercado - CFP - This little-known bank is offering one of the highest CD rates - cnbc.com - New York - New York

This little-known bank is offering one of the highest CD rates

Banks are dialing back the yields they pay on certificates of deposit, but a notable name is still commanding one of the highest rates available.

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