WASHINGTON, May 1 (Xinhua) -- 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 that inflation continued to tick up. The central bank's latest decision came just a few days after the Com...
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...
WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort to head off a slowdown in the labor market. With both the jobs picture and inflation softening, the...
Most other central banks around the world are also cutting their benchmark rates. Last week, the European Central Banklowered its key ratefor the fourth time this year to 3% from 3.25%, as inflation in the 20 countries that use the euro has fallen to 2.3% from a peak of 10.6% in late...
BlackRock's Rick Rieder told FOX Business' Liz Claman he sees the Fed raising interest rates one more time before holding steady and then cutting rates in the second half of 2024.
A Federal Reserve official on Thursday raised the possibility the central bank may not cut interest rates at all in 2024, deflating Wall Street's expectations that several reductions could be in store later this year. "If we continue to see inflation moving sideways, it would make me question...
Fed officials are now grappling with when they should take their foot off the brake. Powell said officials are trying to balance the risks between cutting interest rates too soon, which risks setting off inflation again, or waiting too long to cut rates, which could weigh on the economy and...
U.S. Federal Reserve Chair Jerome Powell is seen before the House Financial Services Committee in Washington, D.C., the United States, March 6, 2024. Powell on Wednesday reiterated that the central bank is not ready to start cutting interest rates, noting that he needs to see a little bit...
Most Fed officials “see it as likely to be appropriate” to start cutting their key rate “at some point this year,” he added. In his speech, Powell also sought to dispel any notion that the Fed’s interest-rate decisions might be affected by this year’s presidential election...
The Federal Reserve is likely to start lowering its benchmark interest rate in March and make a total of five cuts in 2024, economists at Goldman Sachs predicted on Monday. The investment bank expects the U.S. economy to come in for a"soft landing,"with modestly slowing economic growth, ...