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Stock impact report

Fed in a holding pattern as inflation delays approach to any soft landing [Reuters]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Reuters
Federal Reserve policymakers challenged this week over how to characterize their next steps even as the countdown to a contentious U.S. presidential election continues. The Fed is seen holding its benchmark interest rate steady at 5.25%-to-5.5% at its April 30-May 1 meeting, and a key judgment in the current policy statement - that inflation "remains elevated" - may have to remain in place after the pace of price increases accelerated over the first three months of the year after steadily slowing through 2023. Reuters Graphics Reuters Graphics Details of the most recent price reports, moreover, showed high inflation lodged across a wide array of goods and services, something including Atlanta Fed President Raphael Bostic and Richmond Fed President Thomas Barkin have focused on as a reason to be wary of cutting interest rates. Data from March, for example, showed that more than half of the items in the personal consumption expenditures price index - used by the Fed to set its 2 Show less Read more
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