Fed: “Expectations for future growth were mostly unchanged as well. However, two districts saw outlooks deteriorate.”
“Expectations for future growth were mostly unchanged as well. However, two districts saw outlooks deteriorate,” the US central bank said in its latest “Beige Book” of surveys and interviews conducted across its 12 districts through April 10.
The Fed’s latest read on the state of the economy provides a snapshot of business, bank and worker conditions in the aftermath of the mid-March failure of two large regional banks that shook confidence in the US financial sector and prompted an emergency response from regulators to contain the fallout.
They also signalled they are nearing the end of what has been the most aggressive spate of policy tightening in 40 years, with most policymakers penciling one last quarter-percentage-point hike before what’s expected to be a prolonged holding period.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar regains footing as Fed’s outlook weighedUS Treasury yields, sensitive to Fed expectations, nearly hit a one-month high overnight.
Read more »
Axis REIT Q1 earnings slightly short of expectationsNonetheless, research houses maintain a positive outlook on the REIT’s performance.
Read more »
TSMC Q1 profit rises 2% y-o-y, beats market expectationsTAIPEI: Taiwanese chipmaker TSMC posted a 2% rise in first-quarter net profit on Thursday beating market expectations but still the smallest quarterly growth in almost four years as global economic woes dented demand for chips.
Read more »
Ringgit ends marginally lower against dollar | The Malaysian InsightAnalysts predicting the Fed will hike interest rates again.
Read more »
Proposed Development of Taman Rimba Kiara — Major ramifications of Federal Court decision — Pola SingAPRIL 20 — April 18th 2023 was a monumental day for the rakyat of Malaysia especially for green environmentalists and those who want to live in a healthy city where open spaces...
Read more »
Proposed Development of Taman Rimba Kiara — Major ramifications of Federal Court decision — Pola SinghAPRIL 20 — April 18th 2023 was a monumental day for the rakyat of Malaysia especially for green environmentalists and those who want to live in a healthy city where open spaces...
Read more »