Follow live coverage of the Federal Reserve's September policy meeting, including the interest-rate decision, summary of economic projections, and Chairman Jerome Powell's news conference today.
Central bank policymakers are expected to stay put on interest rates, keeping them at their target range of 5.25% to 5.5%. Indeed, fed funds futures trading indicates a 99% probability that rates will hold steady, per theCME FedWatch Tool. The main event, however, will be the policy-settin...
Update: The Fed left its benchmark interest rateunchanged. Americans are bearing the financial burden of higher costs forevery type of loan, from mortgages to credit cards, after two years of interest rate hikes by the Federal Reserve. With the central bank meeting today, economists and consume...
At year start, about 9 in 10 economistshad forecastthat the Fed would cut its benchmark rate at its May 1 meeting. Yet shifting economic winds and stubbornly high inflation have complicated policy makers' plans. On Wednesday, the Fedsaidit is keeping the federal funds rate in a range of 5...
Following the Fed meeting, traders in the fed funds futures market were pricing in 150 basis points, or 1.5 percentage points, worth of cuts in the year ahead, according to the CME Group's FedWatch indicator. That would take the benchmark funds rate down to a target range of 3.75%-4%....
Today's Fed Meeting The Federal Reserve’s policy-making committee voted to keep the benchmark interest rate steady at the conclusion of their meeting on Wednesday. Officials’ collective forecast for interest rates now implies only one quarter-point cut by the end of 2024, a significant shift ...
The Federal Open Market Committee (FOMC), the Fed's policy-making body, decided to raise the target range for the federal funds rate to 1.5 to 1.75 percent and "anticipates that ongoing increases in the target range will be appropriate." ...
Fed meeting today on Chase-Chemical merger.(Federal Reserve Board, Chase Manhattan Corp., Chemical Banking Corp.)(Brief Article)Fox, Justin
"We're not really at that stage, there was no proposal to cut rates. … We weren't actively considering moving the federal funds rate down," he said. — Lisa Kailai Han Wed, Jan 31 20242:54 PM EST Fed may need more signs of easing inflation before it cuts rates, Powell says ...
Time will tell what happens to the federal funds rate this year and beyond. But it's reasonably sure the rates you can guarantee today are quite a bit better than what we'll likely see in the coming months. So locking in your preferred CD soon is still a smart, forward-thinking ...