Federal Reserve is likely to skip a rate hike at pivotal meeting Wednesday yet signal more to come
1 year, 7 months ago

Federal Reserve is likely to skip a rate hike at pivotal meeting Wednesday yet signal more to come

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Yet top Fed officials have made clear that any such pause may be brief — more of a “skip” — with another rate hike likely as soon as their next meeting in late July. Excluding volatile food and energy costs, uncomfortably high inflation persisted: So-called core prices rose 5.3% year over year, down from 5.5% in April but far above the Fed's 2% annual target. Some economists have suggested that if those measures start to fall and reduce core inflation, the Fed might end up keeping its key rate unchanged for the rest of the year. Fed officials will also likely forecast a lower unemployment rate than they did three months ago, perhaps to 4.1% by year's send, compared with their forecast in March of 4.5%.

Inflation Prices Hike Fed Rate Sign Months Forecast Fed Officials  prices  forecast  skip  federal  rate  likely  reserve  months  fed  pivotal  key  feds  sign  meeting  come  inflation  hike  signal

History of this topic

Federal Reserve officials at December meeting expected slower pace of rate cuts ahead
6 days, 4 hours ago

Federal Reserve officials at December meeting expected slower pace of rate cuts ahead

The Hindu  

Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes. The minutes also showed that “almost all” Fed policymakers see a greater risk than before that inflation could stay higher than they …

Federal Reserve officials at December meeting expected slower pace of rate cuts ahead
Trending News
6 days, 18 hours ago

Federal Reserve officials at December meeting expected slower pace of rate cuts ahead

Associated Press  

WASHINGTON — Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes. Fed Chair Jerome Powell said at a news conference after the meeting that the decision to reduce rates had been …

Feds drop interest rates by another quarter-point easing burden for borrowers
Trending News
3 weeks, 6 days ago

Feds drop interest rates by another quarter-point easing burden for borrowers

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. This year's Fed rate reductions have marked a …

US Fed cuts key rate a quarter point and signals fewer cuts ahead
3 weeks, 6 days ago

US Fed cuts key rate a quarter point and signals fewer cuts ahead

Deccan Chronicle  

WASHINGTON: The US Federal Reserve cut interest rates by a quarter point Wednesday and signaled a slower pace of cuts ahead, as uncertainty grows over inflation and President-elect Donald Trump's economic plans. While inflation has "eased significantly," the level remains "somewhat elevated" compared to the Fed's long-term target of two percent, Chair Jerome Powell said Wednesday. Just two cuts In …

US Fed lowers benchmark rate to 4.25-4.50% for third straight meeting, eyes two cuts in 2025; 5 key highlights
3 weeks, 6 days ago

US Fed lowers benchmark rate to 4.25-4.50% for third straight meeting, eyes two cuts in 2025; 5 key highlights

Live Mint  

The US Federal Reserve announced its eighth and final monetary policy decision for 2024 after a two-day Federal Open Market Committee meeting and slashed its benchmark interest rate by or a quarter of a percentage point to 4.25-4.50 per cent. US Fed chair Jerome Powell-led rate-setting panel cut the federal funds rate for the third straight meeting after kicking off …

US Federal Reserve lowers rates by a quarter point, signals two cuts for 2025
3 weeks, 6 days ago

US Federal Reserve lowers rates by a quarter point, signals two cuts for 2025

Hindustan Times  

Federal Reserve officials lowered their benchmark interest rate for a third consecutive time, but reined in the number of cuts they expect in 2025, signaling greater caution over how quickly they can continue reducing borrowing costs. A majority of economists in a Bloomberg survey had expected the median rate estimate would point to three cuts next year. Bumpy Inflation Policymakers …

U.S. Fed expected to cut again, despite uncertain path ahead
4 weeks ago

U.S. Fed expected to cut again, despite uncertain path ahead

Raw Story  

The U.S. Federal Reserve is widely expected to cut interest rates by a quarter point on Wednesday and signal a slower pace of cuts ahead, brushing off uncertainty about inflation's downward path and the possible impact of some of President-elect Donald Trump's economic proposals. "If the Fed wasn't going to do that, they would have dissuaded markets of that notion …

U.S. Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon
4 weeks ago

U.S. Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

The Hindu  

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards. The central bank’s policymakers may signal that they expect to reduce their key rate just two …

Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year
4 weeks ago

Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

Associated Press  

WASHINGTON — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-elevated inflation. “I think that a slower pace of cuts really reflects both the higher inflation readings we’ve had …

The Fed is about to deliver the last rate cut for a while
Trending News
4 weeks ago

The Fed is about to deliver the last rate cut for a while

CNN  

Washington CNN — The Federal Reserve on Wednesday is expected to cut interest rates for the third time this year, in what could be the last rate cut for months. The Fed’s key interest rate influences borrowing costs across the economy and it’s used to achieve stable prices and maximum employment, two key goals mandated by Congress. With inflation nearly …

US Fed cuts interest rates but cautions for year ahead
Trending News
4 weeks ago

US Fed cuts interest rates but cautions for year ahead

Al Jazeera  

Slower progress on inflation translates into a slower pace of rate cuts, especially as economic growth is brisk. “Economic activity has continued to expand at a solid pace” with an unemployment rate that “remains low” and inflation that “remains somewhat elevated”, the central bank’s rate-setting Federal Open Market Committee said in its latest policy statement on Wednesday. That is half …

Fed lowers interest rates again but pares back plans for more cuts in the future
4 weeks ago

Fed lowers interest rates again but pares back plans for more cuts in the future

LA Times  

Federal Reserve Chairman Jerome Powell has led the central bank’s battle to bring inflation down to 2%, but progress has stalled in recent months. Stocks plunged after the Fed announced its quarter-point rate reduction and updated projections, which halved the number of rate cuts for next year. And one Fed voting member, Beth M. Hammack, president of the Fed Bank …

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
4 weeks, 2 days ago

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated

Associated Press  

WASHINGTON — Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected. Instead, inflation has become stuck at a higher level, yet the Fed after Wednesday’s meeting will likely have lowered its …

Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close
4 weeks, 2 days ago

Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close

Live Mint  

* Fed widely expected to cut rates by 25 bps on Wednesday * Some investors brace for "hawkish cut," with Fed suggesting pause in easing cycle * S&P 500 up 27% in 2024, with Nasdaq breaching 20,000 as latest equities milestone By Lewis Krauskopf NEW YORK, Dec 13 - A banner year for U.S. stocks gets one of its last …

Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close
1 month ago

Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close

Live Mint  

* Fed widely expected to cut rates by 25 bps on Wednesday * Some investors brace for "hawkish cut," with Fed suggesting pause in easing cycle * S&P 500 up 27% in 2024, with Nasdaq breaching 20,000 as latest equities milestone By Lewis Krauskopf NEW YORK, Dec 13 - A banner year for U.S. stocks gets one of its last …

Fed seen poised to cut rates this month, debate 2025 pause
1 month, 1 week ago

Fed seen poised to cut rates this month, debate 2025 pause

Live Mint  

* US job growth rebounds in November after October slowdown * Traders lift bets on Fed rate cut this month to 85% * Bowman, who dissented on September rate cut, urges caution * Hammack says it may be time to pause By Howard Schneider and Ann Saphir CHICAGO/PALO ALTO, California, Dec 6 - Federal Reserve officials appear on track to …

A top Fed official leans toward December rate cut but says it depends on economic data
1 month, 1 week ago

A top Fed official leans toward December rate cut but says it depends on economic data

Associated Press  

WASHINGTON — A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view. But he noted that there’s a risk that inflation “may be getting stuck above” the Fed’s 2% target, which …

Fed’s Waller says inclined at this point to cut rates in December
Trending News
1 month, 1 week ago

Fed’s Waller says inclined at this point to cut rates in December

Live Mint  

By Howard Schneider WASHINGTON, Dec 2 - Federal Reserve Governor Christopher Waller said on Monday he was inclined to cut the benchmark interest rate at the Dec. 17-18 meeting as monetary policy remained restrictive enough to keep putting downward pressure on inflation, while the labor market was roughly in balance, something the Fed wants to maintain. "Policy is still restrictive …

Federal Reserve officials signal cautious path for rate cuts amid still-high inflation
1 month, 2 weeks ago

Federal Reserve officials signal cautious path for rate cuts amid still-high inflation

Associated Press  

WASHINGTON — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves. Even if inflation continued declining to the Fed’s 2% target, officials said, “it would likely be appropriate to move gradually” in lowering rates, according to minutes of the November 6-7 meeting. Yet …

US Fed Chair Jerome Powell says no need to rush rate cuts amid strong economy
Trending News
2 months ago

US Fed Chair Jerome Powell says no need to rush rate cuts amid strong economy

Live Mint  

The US Federal Reserve does not need to rush to cut interest rates due to the ongoing economic growth, a solid job market, and inflation that remains above its 2% target, said Fed Chair Jerome Powell. According to Powell, the Fed policymakers believe inflation is progressing toward a “sustainable path to 2%” that will enable the US central bank to …

Powell says Fed will likely cut rates cautiously given persistent inflation pressures
2 months ago

Powell says Fed will likely cut rates cautiously given persistent inflation pressures

Associated Press  

WASHINGTON — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next. In his remarks Thursday, Powell suggested that inflation may remain stuck somewhat above the Fed’s …

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why
2 months ago

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why

Live Mint  

The US Federal Reserve will likely stay on course towards delivering another interest rate cut in its December policy meeting even after the latest inflation print revealed that consumer prices rose for the first time in seven months. Wall Street analysts say that October's inflation data "will change little for the US Fed'' when the Federal Open Market Committee will …

The Fed’s next moves are now anyone’s guess
2 months, 1 week ago

The Fed’s next moves are now anyone’s guess

Live Mint  

Take the Federal Reserve’s projections from September and throw them into the trash. The Fed cut rates by a quarter point on Thursday, as universally expected and following a half-point cut in September. Take for instance Fed policymakers’ longer-term economic projections released at their September meeting. But the chance that the Fed could cut rates by just a quarter point …

US Fed cuts policy rate by quarter-point to 4.50-4.75% after Donald Trump’s poll victory; 5 key takeaways
2 months, 1 week ago

US Fed cuts policy rate by quarter-point to 4.50-4.75% after Donald Trump’s poll victory; 5 key takeaways

Live Mint  

The US Federal Reserve announced its seventh policy decision for 2024 after a two-day Federal Open Market Committee meeting and slashed its benchmark interest rate by a quarter of a percentage point to 4.50-4.75 per cent. US Fed Policy November 2024: Here are 5 key highlights 1.US Fed slashes key rates by 25 bps after Trump's election results The US …

Federal Reserve cuts its key interest rate by a quarter-point
Trending News
2 months, 1 week ago

Federal Reserve cuts its key interest rate by a quarter-point

The Hindu  

The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week. Why rate cuts by the U.S. Federal Reserve matter to world markets In a statement after its latest meeting ended, the Fed said the …

Federal Reserve cuts its key interest rate by a quarter-point after Trump's election win
Top News
2 months, 1 week ago

Federal Reserve cuts its key interest rate by a quarter-point after Trump's election win

Hindustan Times  

The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week. Federal Reserve Board Chairman Jerome Powell The rate cut follows a larger half-point reduction in September, and it reflects the Fed’s renewed focus on …

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation
Trending News
2 months, 1 week ago

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation

Firstpost  

The interest rate in the US is now in the range of 4.5-4.75 per cent. The US Federal Reserve on Thursday cut the benchmark lending rates in the country by 0.25 per cent. Inflation has made progress toward the Committee’s 2 per cent objective but remains somewhat elevated,” the Federal Open Market Committee, which is responsible for changes to the …

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
2 months, 1 week ago

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

Associated Press  

WASHINGTON — The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week. When its latest policy meeting ended Thursday, the Fed issued a statement noting that the “unemployment rate has moved up but remains …

Federal Reserve Chief Powell: 'The Time Has Come' To Start Cutting Interest Rates
4 months, 3 weeks ago

Federal Reserve Chief Powell: 'The Time Has Come' To Start Cutting Interest Rates

Huff Post  

LOADING ERROR LOADING JACKSON HOLE, Wyoming — With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday. “The time has come for policy to adjust,” Powell said in his keynote speech at the Fed’s annual economic conference in Jackson …

Buckle up: Wall Street’s shaky July could be a preview for more sharp swings
5 months, 2 weeks ago

Buckle up: Wall Street’s shaky July could be a preview for more sharp swings

Associated Press  

NEW YORK — For more than a year, the U.S. stock market went in mostly one direction, up, and in mostly one manner, quietly. A bonanza around artificial-intelligence technology helped drive Big Tech stocks higher, while other areas of the market held up amid rising hopes for coming cuts to interest rates by the Federal Reserve. A measure of fear …

Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?
5 months, 2 weeks ago

Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?

Associated Press  

WASHINGTON — Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September. Any signal that the Fed will rapidly cut rates could boost the economy and potentially lift …

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts
6 months, 1 week ago

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

Associated Press  

WASHINGTON — Federal Reserve officials at their most recent meeting welcomed signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling. Rate cuts by the Fed would likely lead, over time, to lower borrowing costs for mortgages, auto loans and credit cards as well as business borrowing, and could also …

US Fed holds interest rates and pencils at just one cut this year
7 months ago

US Fed holds interest rates and pencils at just one cut this year

Hindustan Times  

The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March after inflation stalled in the first quarter. Kevin Dietsch/Getty Images/AFP The Fed voted unanimously to keep its benchmark interest rate between 5.25 and 5.50 percent, and said that "modest" progress had been …

Federal Reserve sees some progress on inflation but envisions just one rate cut this year
7 months ago

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Associated Press  

WASHINGTON — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers’ forecast for one rate cut was down from their previous projection of three cuts, because inflation, despite having cooled in the past two months, …

Federal Reserve minutes: Policymakers saw a longer path to rate cuts
7 months, 3 weeks ago

Federal Reserve minutes: Policymakers saw a longer path to rate cuts

Associated Press  

WASHINGTON — After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high. But at a news conference just after the meeting, Chair Jerome Powell said it was “unlikely” …

Fed's Powell downplays potential for a rate hike despite higher price pressures
8 months ago

Fed's Powell downplays potential for a rate hike despite higher price pressures

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Federal Reserve Chair Jerome Powell …

US Fed meet: Jerome Powell likely to signal a rate cut with one condition
8 months, 2 weeks ago

US Fed meet: Jerome Powell likely to signal a rate cut with one condition

Hindustan Times  

After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big question, after they end their latest policy meeting Wednesday, will be: Jerome Powell, chairman of the US Federal Reserve has said, if higher inflation does persist, we can maintain the current level of for as long …

Fed’s Powell: Elevated inflation will likely delay rate cuts this year
8 months, 4 weeks ago

Fed’s Powell: Elevated inflation will likely delay rate cuts this year

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates. “Powell’s comments make it clear the Fed is now looking past June,” when many economists had previously expected rate cuts to begin, Krishna Guha, an analyst …

A top Federal Reserve official opens door to keeping rates high for longer
8 months, 4 weeks ago

A top Federal Reserve official opens door to keeping rates high for longer

Associated Press  

WASHINGTON — Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation. Instead, he said his outlook is that inflation will cool even with the Fed’s key rate “held steady at its current level.” If elevated inflation proves more persistent …

Federal Reserve minutes: Some officials highlighted worsening inflation last month
9 months ago

Federal Reserve minutes: Some officials highlighted worsening inflation last month

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Some Federal Reserve policymakers argued …

Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cuts
9 months, 4 weeks ago

Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cuts

Associated Press  

WASHINGTON — Across the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates. Excluding volatile food and energy costs, so-called “core” prices rose at a monthly pace of 0.4% in both January and February, a pace far higher than is consistent with …

US inflation unexpectedly rises to 3.2%, dampening hopes of Fed's interest rate cuts in March
10 months ago

US inflation unexpectedly rises to 3.2%, dampening hopes of Fed's interest rate cuts in March

Hindustan Times  

US consumer prices witnessed a surge in monthly and annual rates in February, as per the inflation figures issued by the Labour Department on Tuesday. The consumer price index, a frequently followed inflation indicator, climbed 3.2 percent annually in February and 0.4 percent last month alone. Since March 2022, the Fed has progressively raised interest rates through periodic adjustments, bringing …

Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says
10 months, 1 week ago

Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says

Hindustan Times  

-- Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates. HT Image “We’re waiting to become more confident that inflation is moving sustainably at 2%,” Powell said Thursday while answering questions from the Senate Banking Committee. Powell repeated his testimony from Wednesday that it would likely be …

Fed’s Powell: Rate cuts likely this year, but more evidence is needed that inflation is tamed
10 months, 1 week ago

Fed’s Powell: Rate cuts likely this year, but more evidence is needed that inflation is tamed

LA Times  

Chair Jerome H. Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but said it first wants to see more evidence that inflation is falling sustainably back to the Fed’s 2% target. Instead, he noted that according to the Fed’s preferred gauge, inflation “has eased notably over the past year” even though …

What’s next for interest rates? Fed minutes suggest cautious approach
10 months, 3 weeks ago

What’s next for interest rates? Fed minutes suggest cautious approach

LA Times  

Policymakers want to see more evidence that inflation is firmly on a path to their 2% target before lowering interest rates. A summary of the Jan. 30-31 Federal Open Market Committee meeting released Wednesday showed policymakers want to see more evidence that inflation is firmly on a path to their 2% target before lowering interest rates, with some raising concerns …

Fed on track to cut rates this year with inflation slowing and the economy healthy, Powell says
11 months, 1 week ago

Fed on track to cut rates this year with inflation slowing and the economy healthy, Powell says

Associated Press  

WASHINGTON — Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year, a move that’s expected to begin as early as May. “I do think the economy is in a good place,” he said, “and there’s every reason to think it can get better.” Powell’s …

US Fed Reserve keeps interest rates unchanged for fourth time in a row
11 months, 2 weeks ago

US Fed Reserve keeps interest rates unchanged for fourth time in a row

Hindustan Times  

The US Federal Reserve voted Wednesday to leave interest rates unchanged for the fourth straight meeting, while indicating it was moving toward future cuts -- but probably not before May at the earliest. But it added that the rate-setting Federal Open Market Committee is unlikely to start cutting interest rates "until it has gained greater confidence that inflation is moving …

US Fed key meet: All eyes on Jerome Powell's comments amid 2024 rate cut expectations
11 months, 2 weeks ago

US Fed key meet: All eyes on Jerome Powell's comments amid 2024 rate cut expectations

Hindustan Times  

The US Federal Reserve, which has spent nearly two years raising interest rates to combat inflation, will announce its monetary policy decision on Wednesday, January 31. However, the Fed's decision on rate increase will be announced by the Chair of Federal Reserve, Jerome Powell, in a press conference today at 2.30 pm ET. While the Federal Reserve forecasts three rate …

Powell: Federal Reserve is on track to cut rates, though not likely for months
11 months, 2 weeks ago

Powell: Federal Reserve is on track to cut rates, though not likely for months

Associated Press  

WASHINGTON — Interest rate cuts are coming. Their statement said they don’t think it would be time to cut rates “until it has gained greater confidence that inflation is moving sustainably” to their 2% target. “I don’t think it’s likely that the committee will reach a level of confidence by the time of the March meeting” to start cutting rates, …

Federal Reserve signals that interest rate cuts aren’t imminent, leaving them unchanged for now
11 months, 2 weeks ago

Federal Reserve signals that interest rate cuts aren’t imminent, leaving them unchanged for now

LA Times  

Interest rate cuts are coming. “I don’t think it’s likely that the committee will reach a level of confidence by the time of the March meeting” to start cutting rates, Powell said at his news conference. The change in the Fed’s stance Wednesday comes as the economy is showing surprising durability after a series of 11 rate hikes helped drastically …

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