Powell said the U.S. economy and job market remain fundamentally healthy
Recorded pace was slowest quarterly growth since spring 2022
Moderate price growth is forecast, and arrears is expected to rise slightly
Weaker labour market, still-high interest rates and dwindling savings to crimp consumer spending
Justices left in place provision of 2017 tax law expected to generate $340 billion, mainly from foreign subsidiaries of domestic corporations
Policymakers cite need to maintain a level playing field with U.S. banks
Global rate cycle has turned, but central banks to stay cautious
The measure, which targets pass-through companies, could raise more than US$50 billion
Services inflation is running hot, while goods disinflation is set to slow, NBF says
The longer the Fed keeps borrowing costs high, the more it risks weakening the economy too much