Articles for Fed Officials

Feds drop interest rates by another quarter-point easing burden for borrowers
Trending News
4 days, 19 hours 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 …

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US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025
5 days, 13 hours ago

US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025

Associated Press  

NEW YORK — U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought. The Fed said Wednesday it’s cutting its main interest rate for a third time this year, continuing the sharp turnaround begun in September …

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The Fed is about to deliver the last rate cut for a while
Trending News
5 days, 17 hours 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 …

Economy Market Inflation Interest Rates Price Cnn Officials
U.S. stocks fall sharply and Dow loses 1,100 points after the Fed hints at just two rate cuts in 2025
5 days, 17 hours ago

U.S. stocks fall sharply and Dow loses 1,100 points after the Fed hints at just two rate cuts in 2025

LA Times  

Specialist Meric Greenbaum listens on the floor of the New York Stock Exchange as the Federal Reserve’s rate decision is announced Wednesday. U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday that it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought. The Fed said …

Market Fed Rate Rates Dow Cuts Wall Street
Fed Officials Keep Options Open for December Rate Decision
2 weeks, 6 days ago

Fed Officials Keep Options Open for December Rate Decision

Live Mint  

-- Three Federal Reserve officials on Monday made clear they expect the US central bank to continue cutting interest rates over the next year, but stopped short of saying they are committed to making the next reduction later this month. Fed Governor Christopher Waller, addressing a conference in Washington, said he’s inclined to vote to lower borrowing costs when Fed …

Policy Inflation Data Washington Officials Fed Rate
US Fed meet outcome today: When and where to watch in India? Check here
1 month, 2 weeks ago

US Fed meet outcome today: When and where to watch in India? Check here

Live Mint  

US Federal Reserve November Meet: The United States Federal Reserve chairman Jerome Powell is widely expected to announce a rate cut by a quarter of a percentage point as the two-day monetary policy meeting concludes on Thursday, November 7. The Federal Open Market Committee or the FOMC at its last meeting in September had announced a rate cut by 50 …

Policy Meet Meeting Us Fed Rate Cut Fed Officials
Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world
3 months ago

Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world

LA Times  

Specialist Genaro Saporito, foreground, works with traders at his post on the floor of the New York Stock Exchange on Wednesday. Wall Street romped to records Thursday as a delayed jubilation swept markets worldwide after the Federal Reserve’s big cut to interest rates. Wall Street’s gains followed rallies for markets across Europe and Asia after the Federal Reserve delivered the …

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US Federal Reserve is set to cut rates today; key question is, by how much?
3 months ago

US Federal Reserve is set to cut rates today; key question is, by how much?

Hindustan Times  

Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses just weeks before the presidential election. Exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, …

Inflation Prices Officials Fed Rate Cut Rates
Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?
4 months, 3 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 …

Economy Market Inflation Fed Rate Cut Rates
Fed Meeting Today: Live Analysis on Interest Rates, Powell Speech
6 months, 1 week ago

Fed Meeting Today: Live Analysis on Interest Rates, Powell Speech

Bloomberg  

Thanks for joining us. Here are five key takeaways from Wednesday’s Federal Open Market Committee rate decision and Federal Reserve Chair Jerome Powell’s press conference: The FOMC median now projects a single quarter-point cut in 2024, two fewer than the previous round of quarterly forecasts in March, in light of higher inflation earlier in the year. Powell, in his press …

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Why the recession still isn’t here
6 months, 2 weeks ago

Why the recession still isn’t here

Live Mint  

Steady hiring continues to fuel consumer spending and, in turn, an economic expansion unlike any the U.S. has seen. “Last year, at the first sign of higher rates, people ran for the hills, so it seems like the consumer is more battle-hardened now," he said. “If you keep interest rates at this level, there will be folks who just can’t …

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Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
6 months, 3 weeks ago

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

Associated Press  

WASHINGTON — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation. But with inflation remaining stubbornly above the Fed’s target level, Wall Street traders now expect just one rate …

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Powell: Fed still sees rate cuts this year; election timing won’t affect decision
8 months, 2 weeks ago

Powell: Fed still sees rate cuts this year; election timing won’t affect decision

Associated Press  

WASHINGTON — Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February. materially change the overall picture,” Powell said in a speech at Stanford University, “which continues to be one of …

Economy Inflation Trump Officials Cut Rates Decision
Federal Reserve’s preferred inflation gauge picked up last month in sign of still-elevated prices
9 months, 3 weeks ago

Federal Reserve’s preferred inflation gauge picked up last month in sign of still-elevated prices

Associated Press  

WASHINGTON — An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month. Some of January’s inflation reflects the fact that companies often raise prices in the first two months of the year, leaving January and February price data high compared with …

Inflation Month Fed Rate Core Federal Reserve Core Prices
US wholesale inflation accelerated in January in latest sign that prices picked up last month
10 months, 1 week ago

US wholesale inflation accelerated in January in latest sign that prices picked up last month

Associated Press  

WASHINGTON — Wholesale prices in the United States picked up in January, the latest sign that some inflation pressures in the economy remain elevated. Fed officials have expressed optimism that inflation is headed lower, and in December they forecast that they would cut their benchmark rate three times this year. Austan Goolsbee, president of the Chicago Fed, said Wednesday that …

Inflation Prices High Month Fed Rate Likely
Powell Navigates ‘Toxic’ Politics of Rate Cuts as Election Nears
10 months, 3 weeks ago

Powell Navigates ‘Toxic’ Politics of Rate Cuts as Election Nears

Live Mint  

For Federal Reserve Chair Jerome Powell, deciding when to cut interest rates is hard enough: Too soon, and inflation could rise again. Several former Fed officials hotly dispute the suggestion that politics would weigh on when or how fast the central bank lowers interest rates this year. Fed officials will be especially focused on how they communicate because everyone inside …

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The Federal Reserve is fed up with data revisions
10 months, 3 weeks ago

The Federal Reserve is fed up with data revisions

CNN  

New York CNN — Federal Reserve officials have said countless times they take a “data-dependent approach” to their policy decisions, including their current conundrum of when to slash interest rates. For instance, Waller pointed out that initial monthly headline employment numbers for 2021 led him to believe that the job market was “okay, but it’s not really great.” Even though …

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Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts
10 months, 3 weeks ago

Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts

Associated Press  

WASHINGTON — Chair Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low. The Fed’s consideration of rate cuts is …

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Federal Reserve minutes: Officials saw inflation cooling but were cautious about timing of rate cuts
11 months, 2 weeks ago

Federal Reserve minutes: Officials saw inflation cooling but were cautious about timing of rate cuts

Associated Press  

WASHINGTON — The Federal Reserve’s policymakers concluded last month that inflationary pressures were easing and that the job market was cooling. According to the minutes of their Dec. 12-13 meeting released Wednesday, Fed officials indicated in their own interest-rate forecasts that a lower benchmark rate “would be appropriate by the end of 2024'’ given “clear progress’’ toward taming inflation. And …

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Federal Reserve On Cusp Of What Some Thought Impossible: Defeating Inflation Without Steep Recession
1 year ago

Federal Reserve On Cusp Of What Some Thought Impossible: Defeating Inflation Without Steep Recession

Huff Post  

In this photo made with a slow shutter speed, Federal Reserve Board Chair Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve, Wednesday, Dec. 13, 2023, in Washington. “I think it’s really good to see the progress that we’re making,” Chair Jerome Powell said at a news conference Wednesday after the Fed's …

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The Federal Reserve could do what was thought impossible: Defeat inflation without a steep recession
1 year ago

The Federal Reserve could do what was thought impossible: Defeat inflation without a steep recession

Associated Press  

WASHINGTON — It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts. Confidence is growing among Federal Reserve officials and many economists that high interest rates and healed supply chains will soon defeat inflation. With inflation cooling, Powell said the 19 officials on the Fed’s policy …

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US inflation eased slightly last month as price increases extend slow descent
1 year, 2 months ago

US inflation eased slightly last month as price increases extend slow descent

Associated Press  

WASHINGTON — Measures of U.S. inflation barely declined in September, evidence that consumer price increases are grinding lower at a gradual pace. And underlying inflation declined a bit: So-called core prices, which exclude volatile food and energy costs, climbed 4.1% in September from a year earlier, down from a 4.3% pace in August. “It still suggests that we have exited …

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2 Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone
1 year, 2 months ago

2 Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone

Associated Press  

WASHINGTON — Two Federal Reserve officials suggested Monday that the central bank may leave interest rates unchanged at its next meeting in three weeks because a surge in long-term interest rates has made borrowing more expensive and could help cool inflation without further action by the Fed. Philip Jefferson, vice chair of the Fed’s board and a close ally of …

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A surge of hiring in September defies predictions, pointing to US job market’s enduring resilience
1 year, 2 months ago

A surge of hiring in September defies predictions, pointing to US job market’s enduring resilience

Associated Press  

WASHINGTON — An unforeseen burst of hiring last month has lifted hopes that the economy will prove durable once again, even as an array of threats lie ahead. Friday’s government report raised hopes for a notoriously difficult “soft landing,” by which the Federal Reserve would manage to curb high inflation with a series of rate hikes without derailing the economy. …

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