MARKET BAROMETER
An eye view of Stock Market Indicators:
- US Fed Funds Benchmark Rates: 5.25-5-50Â
No
changes. The US Federal Reserve has held interest rates at a 23-year high amid stubborn cost-of-living increases. The central bank on Wednesday kept the benchmark lending rate at 5.25-5.50 percent after a series of economic reports indicated that inflation was easing at a slower pace than hoped.
- ECB Interest Rates: 4.50Â
No changes. The European Central Bank maintained interest rates at record-high levels for a fifth consecutive time during its April meeting, with the main refinancing operations rate remaining unchanged at a 22-year high of 4.5% and the deposit facility rate holding at an all-time record of 4%. Officials also acknowledged that inflation has continued to decline, with most measures of underlying inflation and wage growth easing. However, they cautioned
that domestic price pressures remain strong, leading to high service price inflation. President Lagarde told reporters that the ECB is not pre-committing to a particular rate path, and future moves will be data-dependent.
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Key Indicators:
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