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Stock impact report

Fed Chair Jerome Powell has an ‘unfriendly' message for markets: You might not be getting any rate cuts this year [Yahoo! Finance]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
Company Research Source: Yahoo! Finance
Three hot inflation reports , escalating conflict in the Middle East, rising oil prices , robust retail sales numbers —the list of evidence that the U.S. economy is running hot, and inflation will continue to be an issue, has grown long and varied. On Tuesday, Fed Chair Jerome Powell only reinforced that point when he confirmed what many forecasters have been expecting: Interest rate cuts aren't coming anytime soon. “Right now, given the strength of the labor market and progress on inflation so far, it's appropriate to allow restrictive policy further time to work,” Powell said at a policy forum on Canada-U.S. economic relations in Washington, D.C., adding that if inflation does persist the Fed will “maintain the current level of [interest rates] for as long as needed.” The comments come after the latest consumer price index report showed year-over-year inflation rose for the third consecutive month in March, to 3.5%. That's well below its June 2022 9.1% peak, but still off the mo Show less Read more
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