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%....
The federal funds rate helps maintain the economy’s ‘temperature’—not too hot, not too cold. It influences everything from mortgage rates to consumer spending. Expert insight “The Fed’s moves have a direct impact on consumers and businesses. When rates rise, borrowing costs go up, meani...
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 consumers alike have one question on their minds: When will the ...
"I think Chair Powell may heed the 'silence is golden' maxim at this week's press conference after its May Fed meeting," he said in a written statement. "He'll likely try to say as little as possible about when he expects the first rate cut to come in order to preserve optionality....
US Treasury yields were broadly steady across the curve on Tuesday with markets awaiting the FOMC meeting later today. While the policy Fed Funds Rate is expected to be unchanged, insights on the path of interest rates are said to be keenly watched out for. US consumer confidence data rose ...
Credit cards.Ditto for cards. As they are not backed by collateral, like home loans are,credit card ratesusually run at double-digit levels. Lately, they are at 12.4 percent on average, and have been on a downward slide since the recovery began amid a near-zero fed funds rate. But the...
The Chicago Mercantile Exchange Group's FedWatch Tool, which acts as a barometer for the market's expectation of the Fed funds target rate, showed that the probability of the Fed maintaining rates in March meeting was 95 percent. The next Federal Open Market Committee (FOMC) meeting will be ...
As was almost universally expected, the Federal Reserve's rate-setting committeeannounced this afternoonthat it is maintaining the federal funds rate at its current level.1It's the sixth meeting in a row in which the central bank has held its benchmark rate steady, after last raising it in ...
As expected, the Federal Open Market Committee [FOMC], which met to discuss the course of monetary policy, decided to keep the federal funds rate unchanged. Here's the press release describing the meeting: "Information received since the Federal Open Mar
The Federal Reserve has left interest rates unchanged in January. It's the fourth consecutive time that the central bank has decided to keep steady on rate policy. The fed funds rate remains at a range of 5.25% to 5.5%. —Darla Mercado ...