The latest inflation report puts the Fed on course to cut the key interest rate by a quarter of a percentage point. Wall Street is not happy.
Based on new consumer price data, the US Federal Reserve is expected to continue its quarter-percentage-point interest rate cut next Wednesday. However, some people on Wall Street who had hoped for a half-percentage-point cut were disappointed. The core consumer price index, excluding volatile food and energy prices – a measure the Fed prefers to focus […]
