Based on various reports, Powell was supposedly not a fan of the “stop and go” approach to policy decisions. However, the July rate hike seemingly puts that notion to rest. This places the September FOMC meeting now in focus. This policy gathering could prove to be an integral part of ...
“The Fed still raising interest rates but balancing the pace and extent of rate hikes against the lagged impact of the cumulative policy tightening already in place,” advises Tim Duy, chief US economist at SGH Macro Advisors, in note to clients this week. “Currently, the Fed anticipates ...
The U.S. Federal Reserve has decided to keep interest rates unchanged, but signaled more rate hikes will come. With inflation still significantly above target and the banking crisis not yet over, Fed officials and market watchers are divided over future hikes, and the path ahead must be diff...
Around 11:00 PST today, the FOMC (Federal Open Market Committee aka The Fed) will wrap up their two-day meeting with an announcement on any adjustments they are making to the federal funds rate. Although the Fed does not directly control mortgage interest rates*, the changes to the funds ...
The Fed's aggressive rate hikes have also rattled the banking sector, triggering the closure of Silicon Valley Bank and Signature Bank in March and the seizure of First Republic Bank in early May. Dean Maki, chief economist at hedge fund Point72 Asset Management, said the bank failures in ...
The Federal Reserve is set to cut its benchmark interest rate by a quarter-percentage point this week, staying on the path it has laid out to slowly bring rates down even as the economic landscape shifts beneath its feet. Economists who think ...
The US Federal Reserve hinted that it may put on hold the second steepest rate hiking cycle after raising the benchmark rate by 25bps, as expected, to a 15-year high of 5.25%. It dropped a phrase from its previous statement that “additional policy firming” will be necessary. The US ...
Fed Watch Tool’s Assumption and Interpretations: Probability of a rate hike is calculated by adding the probabilities of all target rate levels above the current target rate. Probabilities of possible Fed Funds target rates are based on Fed Fund futures contract prices assuming that the rate hike...
(Reuters) -Wall Street's main indexes closed higher on Friday as investors honed in on the chance of a bigger interest rate cut by the Federal Reserve next week, with rate-sensitive small cap stocks outperforming. Bets on the size of the Fed's cut have been volatile and were ...
But the September 18 rate cut may not result in a significant additional drop in rates, especially if the economy remains relatively strong, Orphe Divounguy, senior economist at Zillow, told CBS MoneyWatch. "We expect mortgage rates to end the year kind of roughly where they are now," he...