(Investing) – The Federal Reserve opted to leave interest rates unchanged at a range of 3.5% to 3.75% at the conclusion of its latest two-day gathering on Wednesday, although three members voted to hike borrowing costs. Perhaps the biggest issue confronting policymakers was inflation, which has been floating well above the Fed’s 2% target level due largely to the energy
Nasdaq SINGAPORE, Feb 25 – Oil tanker rates are soaring globally as traders scramble to cope with jitters over possible disruption in Russian supplies, as well as war risk premiums for ships plying the Mediterranean region following Moscow’s invasion of Ukraine. Shipowners are also grappling with higher fuel costs after oil prices soared nearly $2 per barrel on Friday, with
CNBC While committed to keeping interest rates low for the next several years, the Federal Reserve still has plenty of work to do as it steers the U.S. economy through the pandemic. As central bank officials gather Tuesday and Wednesday for their policy meeting, a number of items are on the agenda, even as the mystery of where rates are headed
CNBC The Federal Reserve held interest rates steady in a decision announced Wednesday that came along with a tepid outlook on the coronavirus-plagued economy. In a move widely expected, the central bank kept its benchmark overnight lending rate anchored near zero, where it has been since March 15 in the early days of the pandemic. Along with keeping rates low, the
