Jerome Powell

After holding at its last meeting, the Federal Open Market Committee may decide to raise rates again in July.

Many believe the Federal Reserve will slow down rate increases beginning in December.. Steve Friedman, senior macroeconomist at MacKay Shields, will join us the day after the meeting to discuss what was done and what he expects in the future.

The central bank’s policy-making body repeated it would maintain its bond-buying program until “substantial further progress” toward its employment and inflation goals has been made.

Opening a bank or investment account — or even securing employment in a racism-free workplace — is out of reach for many Black Americans.

Chairman Jerome Powell and other officials have stressed that recovery is highly dependent on the nation’s ability to better control the coronavirus.

The central bank said it “will generally not purchase shares of an ETF that are trading at a premium” of 1% above its net asset value.

Funds advised by Katie Koch, whose firm has about $1.8 trillion under supervision, are beating their benchmarks at an 80% rate in 2020.

Asset managers may need to reassess the assumption that’s become widely held in recent years: that inflation is dead.

Lenders have been ringing up investment firms and hedge funds to garner interest in financing to companies in industries upended by the coronavirus.

The actions include cutting the federal funds rate to between 0% and 0.25% and other steps to ease economic stress from the spread of the coronavirus.