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UPDATES
By Staff Reporters
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- Markets: Stocks stumbled yesterday as investors anxiously await an update from the Federal Reserve this afternoon. Uber shares bucked the trend after CEO Dara Khosrowshahi said the company had its “best week ever” for overall gross bookings, which encompasses its ride-sharing and delivery units.
- Economy: The Fed will make a big announcement today about its inflation-fighting strategy. Fresh data released yesterday—showing that producer prices rose at their fastest pace on record—will put even more pressure on the central bank to wind down its stimulus measures quickly and chart out a plan to hike interest rates.
- CITE: https://www.r2library.com/Resource/Title/082610254
Chained CPI: https://medicalexecutivepost.com/2012/12/21/what-chained-cpi-could-mean-for-social-security/
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Filed under: Breaking News, Glossary Terms, Investing | Tagged: CPI, Dara Khosrowshahi, Federal Reserve, Investing, PPI, stock markets, Uber |
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The FED Speaks
The Federal Reserve announced that it’s keeping interest rates steady following its Dec. 14-15 meeting, leaving the federal funds rate at a range of 0 to 0.25 percent. This follows the Fed’s decision to hold rates near zero until the economy has fully weathered the effects of the coronavirus. But Fed watchers are expecting the central bank to raise rates in 2022.
Bill
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