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Stock impact report

Quagmire anyone? Fed watchers try to divine a confusing state of play [Yahoo! Finance]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
on a clear path back to low inflation and officials projecting a steady drop in borrowing costs this year, but since then the policymaking process has essentially ground to a halt. The Federal Reserve's benchmark overnight interest rate has not budged from the 5.25%-5.50% range since July and won't be touched at a two-day policy meeting that concludes on Wednesday. Now it seems it may not be changed for a while yet. Inflation has gone sideways since late last year - with some policymakers seeing a risk that progress is stalling - and the outlook for interest rate cuts has shifted steadily outwards with some doubt now about whether they will fall this year at all. How to describe where the Fed stands right now? Unlike earlier in the year when the central bank's direction of travel towards rate cuts seemed clear - just six weeks ago officials saw three quarter-percentage-point cuts coming in 2024 - the recent language of veteran Fed watchers tells a muddied tale. Tim Duy, chief Show less Read more
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