Treasury Secretary Janet Yellen cited central bank interest-rate hikes around the world as one potential risk to generally favorable economic outlook.
Ukraine crisis escalates and government funding deadline looms. A lack of history between the president and House speaker could make things worse.
President Joe Biden plans to meet with congressional leaders Tuesday to discuss funding the government as a partial shutdown deadline looms on Friday.
Strong corporate results helped fuel S&P 500’s climb to new highs this year taking focus away from Fed’s path towards lower interest rates.
Fed officials facing economic conditions they say lack historical parallel to guide them are building case for caution against near-term rate cuts.
Discussions about Fed rate hikes have re-emerged. 2024 brought a series of economic indicators that challenged economic optimism.
Fed will cut funds rate in June according to slim majority of economists polled by Reuters also said greater risk was first rate cut would come later.