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Stock impact report

CNN Business Videos [CNN]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: CNN
The Federal Reserve said Wednesday it is holding interest rates at their current levels , as hotter-than-expected inflation data continues to push back the timing of the first rate cut. Fed officials have kept their benchmark lending rate at a 23-year high since July, after aggressively raising rates starting two years ago. Officials have said they need to have enough confidence that inflation is under control before lowering borrowing costs, but the latest figures show “there has been a lack of further progress,” according to their latest policy statement. US stocks closed mixed Wednesday after Fed Chair Jerome Powell indicated twice during a news conference that policymakers believe interest rates are “restrictive” enough and that it was “unlikely” that the central bank would raise rates again in this cycle. The blue-chip Dow ended Wednesday higher by 87 points, or 0.2%. The S&P 500 fell by 0.3% and the Nasdaq was also down 0.3%. The Fed also announced Wednesday it is easin Show less Read more
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