Federal Reserve projections expected to show no plans to raise rates
Federal Reserve officials could take preliminary steps Wednesday to clarify how they will provide more support to the economy now that interest rates are pinned near zero.
The Fed is unlikely to announce major policy changes after its policy meeting Wednesday but will explain its thinking through Chairman Jerome Powell’s news conference and its new economic projections.
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Wall Street expects trillions more in stimulus from the Fed, Congress: CNBC Fed SurveyThe Fed's two-day meeting begins Tuesday and a new survey shows that market participants expect trillions more in stimulus from both the central bank and Congress. CNBC's Steve Liesman reports.
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Fed Expands Main Street Lending Program (Again) On Concerns That Too-Strict Terms Will Deter BorrowersThe program is designed to be a lifeline for businesses too big for new emergency programs like the PPP but too small to access capital markets.
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Consumers grew more optimistic about jobs and finances in May, New York Fed says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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Asian shares creep higher as markets wait for FedAsian stock markets eked out a 10th consecutive session of gains on Wednesday, but momentum ebbed as doubts about the global recovery from the pandemic returned ahead of the U.S. Federal Reserve meeting.
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With crisis response in place, Fed looks to long termThe Federal Reserve completes its latest policy meeting on Wednesday with attention turning from its massive response to the coronavirus pandemic and toward its still-developing plans to strengthen and lengthen a nascent economic recovery.
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European markets to open higher as Fed meeting in focusEuropean stocks are expected to open higher Wednesday as investors await the outcome of the U.S. Federal Reserve's latest policy meeting and economic forecasts.
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