Wall Street Is a Haven for Doves Wall Street has not let go of its conviction that the Federal Reserve will cut interest rates next year. When Federal Reserve officials met last month, their Summary of Economic Projections showed a median expectation for the target rate to be 5.6 percent at the end of this
Fed Holds Rates Steady, Expects Economic Growth, Hiring, and Inflation to Slow
November 8, 2023 by
Anna Moneymaker/Getty Images Federal Reserve officials voted to leave the central bankās benchmark interest rate unchanged, saying that it expects tighter financial conditions will weigh on economic activity, hiring, and inflation. The Fed said on Wednesday that it would hold its benchmark rate at a range of 5.25 percent to 5.50 percent, the range it
Back to Work: Apple Expects Employees to Return to Office by September
June 5, 2021 by
Apple says it wants its employees to return back to its offices by early September, according to a company-wide memo sent out this week. By September, Apple staff members are expected to return to their offices for at least three days a week, said CEO Tim Cook in an emailĀ obtained by the Verge. The CEO…