US Fed plans to gradually lower rates going forward: minutes
3 weeks, 5 days ago

US Fed plans to gradually lower rates going forward: minutes

China Daily  

WASHINGTON -- US Federal Reserve officials expressed confidence that inflation is easing, and are expected to gradually lower interest rates going forward, according to minutes from the Nov 6-7 meeting released Tuesday. The minutes did not address potential policy under the next administration, but some economists raised concerns that President-elect Donald Trump's proposed additional tariffs could drive up inflation, potentially complicating the Fed's path of rate cuts. At the last policy meeting, the US Fed slashed the target range for the federal funds rate by 0.25 percentage points to 4.5 percent to 4.75 percent amid cooling inflation and a weakening labor market, marking the second rate cut in this easing cycle. The Fed will hold its final monetary policy meeting of the year on Dec 17-18 The Chicago Mercantile Exchange Group's FedWatch Tool, which acts as a barometer for the market's expectation of the Fed funds target rate, shows that the market currently expects a 63 percent probability that the Fed will cut interest rates by 25 basis points at the next meeting.

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History of this topic

US Federal Reserve lowers interest rates, signals slower cuts for 2025
Trending News
4 days, 18 hours ago

US Federal Reserve lowers interest rates, signals slower cuts for 2025

India TV News  

The Federal Reserve cut its benchmark interest rate by a quarter for the third consecutive time. Future outlook: Moderate reductions expected by 2025 Another quarterly outlook indicated only two rate cuts in 2025, with officials predicting government rates to reach 3.75 per cent-4 per cent by the end of that year. Fed Governor Michelle Bowman warned that inflation would remain …

US Fed cuts interest rates but cautions for year ahead
Trending News
5 days, 18 hours 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 …

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

Fed seen poised to cut rates this month, debate 2025 pause
2 weeks, 2 days 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 …

Powell says a strong US economy is letting the Fed be ‘cautious’ about cutting interest rates
2 weeks, 5 days ago

Powell says a strong US economy is letting the Fed be ‘cautious’ about cutting interest rates

CNN  

Washington CNN — Federal Reserve Chair Jerome Powell said Wednesday that the US economy’s strength means the central bank can show some restraint with cutting interest rates. “The US economy is in very good shape, and there’s no reason for that not to continue,” Powell said at an event hosted by The New York Times. “At present I lean toward …

U.S. Fed officials see inflation fight as broadly on track
2 weeks, 6 days ago

U.S. Fed officials see inflation fight as broadly on track

Raw Story  

The U.S. appears on track to hit its long-term target of two percent inflation despite a recent uptick, three Federal Reserve officials said Monday, with one indicating tentative support for another rate cut this month. "At present I lean toward supporting a cut to the policy rate at our December meeting," he said, noting that many people still expected inflation …

Federal Reserve officials signal cautious path for rate cuts amid still-high inflation
3 weeks, 5 days 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 …

Powell says solid economy allows Fed to consider rate cuts ‘carefully’
1 month, 1 week ago

Powell says solid economy allows Fed to consider rate cuts ‘carefully’

Live Mint  

Federal Reserve Chair Jerome Powell said recent signs of economic health would allow the central bank to take its time in deciding how quickly to continue reducing interest rates. Before Powell’s remarks, investors in interest-rate futures markets expected the central bank to lower rates by a quarter point at that meeting and then to slow down the pace of cuts …

Powell says Fed will likely cut rates cautiously given persistent inflation pressures
1 month, 1 week 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
1 month, 1 week 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 …

Fed’s Powell: Rate cuts are still underway, but there’s no hurry
1 month, 1 week ago

Fed’s Powell: Rate cuts are still underway, but there’s no hurry

CNN  

Washington CNN — Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested they might not be that much lower over the next few months. Powell said in a moderated discussion that Fed economists may begin to assess Trump’s plans and how they could affect the economy more seriously as early as …

The Fed’s next moves are now anyone’s guess
1 month, 2 weeks 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 …

Fed Cuts Rates; Powell Says Wouldn’t Resign If Asked By Trump
1 month, 2 weeks ago

Fed Cuts Rates; Powell Says Wouldn’t Resign If Asked By Trump

Live Mint  

Federal Reserve Chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed’s decision Thursday to lower interest rates by a quarter percentage point. When asked at a post-meeting press conference whether he would step down if requested by Trump, Powell replied forcefully, “No.” He also said …

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation
Trending News
1 month, 2 weeks 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 …

US Fed interest policy expected today, Trump victory unlikely to change rate cut plans
1 month, 2 weeks ago

US Fed interest policy expected today, Trump victory unlikely to change rate cut plans

Firstpost  

There is a wide expectation that the Federal Reserve will cut interest rates by a quarter point on Thursday, looking beyond the 2024 US Presidential election results to continue easing borrowing costs on the back of cooling inflation The US Federal Reserve is widely expected to cut interest rates by a quarter point Thursday, looking beyond the election results to …

US Fed cuts interest rates by quarter of a percentage point
Top News
1 month, 2 weeks ago

US Fed cuts interest rates by quarter of a percentage point

Al Jazeera  

The Fed will have to navigate a changing economic landscape with the election of Donald Trump as the next US president. The United States Federal Reserve has cut interest rates by a quarter of a percentage point as policymakers took note of a job market that has “generally eased” while inflation continues to move towards the central bank’s 2 percent …

The US Federal Reserve must do two things right now
1 month, 2 weeks ago

The US Federal Reserve must do two things right now

Live Mint  

As US Federal Reserve officials deliberate monetary policy, they may wish to recall what happened when policymakers in past decades became overconfident in using demand management measures to ‘fine tune’ the economy. Its obsession with data dependency has seen it over-react to noisy historical data, lacking the more strategic forward-looking approach needed when using policy tools that operate with ‘long …

Fed Set to Lower Interest Rates for Second Time This Year as Inflation Continues to Cool
1 month, 2 weeks ago

Fed Set to Lower Interest Rates for Second Time This Year as Inflation Continues to Cool

Live Mint  

The Federal Reserve is set to cut interest rates for a second time this year, as inflation continues to cool. However, the outcome of the upcoming presidential election will have no effect on this decision. The Fed is lowering rates to stimulate the economy and boost employment, but it will be more difficult to achieve this if a new president …

Ahead of elections, US Federal Reserve shifts interest rates dramatically to deal with worst inflation
3 months ago

Ahead of elections, US Federal Reserve shifts interest rates dramatically to deal with worst inflation

India TV News  

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. "The committee has gained greater confidence that inflation is moving sustainably toward 2%, and judges …

Fed slashes rates just weeks before US election
3 months ago

Fed slashes rates just weeks before US election

The Telegraph  

The former president told reporters: “To cut it by that much, assuming they’re not just playing politics, the economy would be very bad.” The timing of the rate cut, less than two months before the election, is seen as beneficial to Kamala Harris, who is fighting an incumbent campaign. Our nation’s central bank has no business moving rates this close …

Takeaways from Fed Chair Powell’s speech at Jackson Hole
4 months ago

Takeaways from Fed Chair Powell’s speech at Jackson Hole

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell all but proclaimed victory in the fight against inflation and signaled that interest rate cuts are coming in a much-anticipated speech Friday in Jackson Hole, Wyoming. Inflation has come down steadily, and investors now expect the Fed to start cutting rates at its next meeting in September — an expectation that essentially got …

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

US Fed’s Powell says ‘time has come’ to lower interest rates
4 months ago

US Fed’s Powell says ‘time has come’ to lower interest rates

Al Jazeera  

Fast rise in prices led the Fed to increase its benchmark policy rate from near zero to the highest range in a quarter of a century. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook and the balance of risks.” Referencing the two tasks that Congress has …

'The time has come' to lower interest rates: Fed Chair Jerome Powell
4 months ago

'The time has come' to lower interest rates: Fed Chair Jerome Powell

NPR  

'The time has come' to lower interest rates: Fed Chair Jerome Powell toggle caption Drew Angerer/Getty Images North America Federal Reserve chairman Jerome Powell says he's increasingly confident that inflation will soon be tamed, setting the stage for the central bank to start cutting interest rates next month. Speaking at one of the most closely-watched annual gatherings of global central …

US Fed minutes indicate potential rate cut in September
4 months ago

US Fed minutes indicate potential rate cut in September

China Daily  

The US Federal Reserve building CHICAGO - The US Federal Reserve will likely cut interest rates at its September meeting if economic data continues to come in as expected, according to minutes of the Fed's July 30-31 meeting released Wednesday. "Almost all participants remarked that while the incoming data regarding inflation were encouraging, additional information was needed to provide greater …

Fears US economy headed towards recession spark jitters across global markets
4 months, 2 weeks ago

Fears US economy headed towards recession spark jitters across global markets

ABC  

There are genuine concerns the world's largest economy is heading toward a recession, and the fear is gripping global financial markets. "Shares went sky high into July on the back of better news on inflation, increasing optimism about lower interest rates ahead and optimism about IT and AI-related earnings," Mr Oliver, who manages $3 billion in investments, said. The US …

Text of the policy statement the Federal Reserve released Wednesday
4 months, 3 weeks ago

Text of the policy statement the Federal Reserve released Wednesday

Associated Press  

WASHINGTON — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators suggest that economic activity has continued to expand at a solid pace. In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. In considering any adjustments to the …

US Fed paves the way for pre-election rate cut
4 months, 3 weeks ago

US Fed paves the way for pre-election rate cut

The Telegraph  

The chairman of the US Federal Reserve has paved the way for a pre-election rate cut in a sign that the era of high borrowing costs around the world is coming to an end. Speaking after the Fed held borrowing costs in a range of between 5.25pc and 5.5pc for the eighth time, Mr Powell said: “The broad sense of …

'Risk of major financial fallout' as IMF sounds the alarm on persistent global inflation
5 months ago

'Risk of major financial fallout' as IMF sounds the alarm on persistent global inflation

ABC  

The message seems to have been lost in all the noise. The biggest risk is that higher American interest rates "disrupt capital flows and impede planned monetary policy easing, which could adversely impact growth". Even worse, "persistently high interest rates could raise borrowing costs further and affect financial stability if fiscal improvements do not offset higher real rates amid lower …

Powell says Federal Reserve is more confident inflation is slowing to its target
5 months, 1 week ago

Powell says Federal Reserve is more confident inflation is slowing to its target

Associated Press  

WASHINGTON — Chair Jerome Powell said Monday that the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point. “We’ve had three better readings, and if you average them, that’s a pretty good pace,” Powell said of inflation …

Powell stresses message that US job market is cooling, a possible signal of coming rate cut
5 months, 1 week ago

Powell stresses message that US job market is cooling, a possible signal of coming rate cut

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell on Wednesday reinforced a message that the Fed is paying growing attention to a slowing job market and not only to taming inflation, a shift that signals it’s likely to begin cutting interest rates soon. “We also have an employment mandate.” On Tuesday, when Powell addressed the Senate Banking Committee, he suggested that …

US Fed holds interest rates and pencils at just one cut this year
6 months, 1 week 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
6 months, 1 week 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, …

An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year
6 months, 3 weeks ago

An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year

Associated Press  

WASHINGTON — A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Overall inflation increased 0.3% from March to April, the same as in the previous month, and 2.7% from a year earlier, also unchanged from March’s figure. Friday’s …

US Federal Reserve minutes show officials rally around higher-for-longer rates
7 months ago

US Federal Reserve minutes show officials rally around higher-for-longer rates

Live Mint  

Minutes from the two-day Federal Open Market Committee gathering ending May 1 showed that, while participants assessed that policy was “well positioned,” various officials mentioned a willingness to tighten policy further if warranted. Federal Reserve officials earlier this month coalesced around a desire to hold interest rates higher for longer and “many" questioned whether policy was restrictive enough to bring …

Federal Reserve minutes: Policymakers saw a longer path to rate cuts
7 months 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” …

US Fed meet: Jerome Powell likely to signal a rate cut with one condition
7 months, 3 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 …

The Fed Thinks Time is on Its Side. That Could Get Awkward.
7 months, 3 weeks ago

The Fed Thinks Time is on Its Side. That Could Get Awkward.

Politico  

That combination of factors could stick around well into 2024, steadily pushing back the timeline for the first rate cut and prolonging the threat that the high price of debt will break something. Former President Donald Trump, who appointed Powell as chair, has already said the central bank chief will lower rates this year to “help Democrats” and will surely …

Key Takeaways From Fed Decision to Hold Rate at Two-Decade High
7 months, 3 weeks ago

Key Takeaways From Fed Decision to Hold Rate at Two-Decade High

Bloomberg  

Here are key takeaways from the Federal Reserve's interest-rate decision on Wednesday: Federal Open Market Committee votes unanimously to leave benchmark rate unchanged in target range of 5.25%-5.5%, a two-decade high, for sixth straight meeting; adds new sentence to statement noting, “In recent months, there has been a lack of further progress toward the Committee's 2% inflation objective” Statement repeats …

Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates
8 months, 3 weeks ago

Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to do so until it sees “more good inflation readings’’ and is more confident that annual price increases are falling toward its 2% target. Speaking at a conference …

Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cuts
9 months 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 Fed Rate Decision, Rupee Movement, Upcoming Elections To Impact Investors, Say Analysts
9 months ago

US Fed Rate Decision, Rupee Movement, Upcoming Elections To Impact Investors, Say Analysts

ABP News  

Markets will be driven by global macroeconomic data in the week, with the most prominent one being the US Fed’s decision on interest rate, analysts noted. Experts noted that equity markets could remain volatile in the near-term as several central banks across the world are scheduled to reveal their monetary policy decisions in the week, reported PTI. Elaborating on the …

Biden Predicts Federal Reserve Will Cut Interest Rates
9 months, 2 weeks ago

Biden Predicts Federal Reserve Will Cut Interest Rates

Live Mint  

-- President Joe Biden predicted the Federal Reserve would move to cut rates, as the administration places greater emphasis on housing costs in its election fight against Donald Trump. Markets expect Federal Reserve Chair Jerome Powell to soon begin easing rates, with investors anticipating cuts beginning in June. Biden veered from that precedent in December, when he said strong jobs …

Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says
9 months, 2 weeks 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 …

Federal Reserve officials caution against cutting US interest rates too soon or too much
10 months ago

Federal Reserve officials caution against cutting US interest rates too soon or too much

Associated Press  

WASHINGTON — Several Federal Reserve policymakers warned Thursday against cutting U.S. interest rates too soon or by too much in the wake of recent data showing inflation stayed unexpectedly high in January. Christopher Waller, a member of the Fed’s influential board of governors, titled a written copy of remarks he delivered Thursday, “What’s the rush?” “We need to verify that …

Federal Reserve minutes: Officials worried that progress on inflation could stall in coming months
10 months ago

Federal Reserve minutes: Officials worried that progress on inflation could stall in coming months

Associated Press  

WASHINGTON — Federal Reserve officials acknowledged at their most recent meeting in January that there had been “significant progress” in reducing U.S. inflation. In minutes from the Jan. 30-31 meeting released Wednesday, most Fed officials also said they were worried about moving too fast to cut their benchmark interest rate before it was clear that inflation was sustainably returning to …

Fed Not Looking At Slashing Interest Rates Anytime Soon, Says Raphael Bostic
10 months ago

Fed Not Looking At Slashing Interest Rates Anytime Soon, Says Raphael Bostic

ABP News  

The US is not yet ready to implement rate cuts, the Federal Reserve Bank of Atlanta President, Raphael Bostic, said earlier in the week. The official added that while the bank has succeeded in managing inflation pressures, persisting risks mean that they are not yet ready to decide on interest rate cuts. Addressing a gathering organised by the Money Marketeers …

The US Federal Reserve’s approach to risk could endanger a soft landing
10 months, 3 weeks ago

The US Federal Reserve’s approach to risk could endanger a soft landing

Live Mint  

The inflation problem is largely behind us, and most signs suggest that Federal Reserve policymakers know it. I would argue that’s partially due to the challenges of consensus-building on the Fed’s rate-setting committee, as well as the central bank’s understandable desire to avoid unduly injecting volatility into financial markets. Recent troubles at New York Community Bancorp—whose shares tumbled 38% on …

US Fed Reserve keeps interest rates unchanged for fourth time in a row
10 months, 3 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 …

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