A top question on the minds of investors and consumers alike is when might the Federal Reserve make its first interest rate cut after two years of rapid hikes, which have sent mortgage and credit card rates soaring. But after Tuesday'shotter-than-forecast inflation report, economists have a ...
U.S. Federal Reserve Chair Jerome Powell (at the podium) attends a press conference in Washington, D.C., the United States, on May 1, 2024. (Xinhua/Liu Jie) U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on May 1, 2024...
The benchmark interest rate in the United States was last recorded at 4.50 percent. This page provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term predi
2024 2025 10.00 5.00 0.00 INSTITUTIONS AND OTHER BACKGROUND INFORMATION What are interest rates? How are they defined by central banks? Interest rates are what central banks charge to their domestic banks to borrow money. Although central banks also use rates as a tool to stabilize the economy....
WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its target, which could open the door for future interest rate cuts. Central bankers made no obvious indications, though, that a reduction is imminent, choosin...
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on March 20, 2024. The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as recent consumer data indicates continued...
WASHINGTON – The Federal Reserve on Wednesday held its ground on interest rates, again deciding not to cut as it continues a battle with inflation that has grown more difficult lately. In a widely expected move, the U.S. central bank kept its benchmark short-term borrowing rate in a targe...
Rate cuts should help the stock market Given priced-in expectations of rate cuts andstocks’ strong performance lately, it’s hard to predict how investors would react to an interest rate cut from the Fed in March. Longer term, however, if the Fed cuts rates more quickly than the market ...
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond. With the inflation rate easing and the economy holding in, policymakers on the Federal Open Market Committee voted unanimously to keep...
For now, the majority of economists polled by FactSet are forecasting a rate cut from the Fed at its June 12 meeting. If that occurs, it would mark the first interest rate reduction since March 2020, when the central bank moved to stimulate growth as the pandemic was slamming the economy...