Officials voted at the December meetingto hold interest rates steady at a range of 5.25% to 5.5%, the highest level since 2001. But policymakers also opened the door to multiple rate cuts in 2024 amid signs the economy is beginning to slow in the face of tighter monetary policy. Updated q...
Instead, you'll most likely need to wait until the Fed's June 12 meeting to see the first rate cut, according to economists polled by FactSet. "In our view, expectations for rate cuts are, and have been, too aggressive. Our base case does not anticipate rate cuts until closer to...
2024-12-18 Fed Set To Cut Rates For 3rd Consecutive Time The Fed is widely expected to announce another 25bps cut to the federal funds rate at its December 2024 meeting, marking the third consecutive reduction this year and bringing borrowing costs to the 4.25%-4.5% range. Policymakers are...
Officials on the rate-setting Federal Open Market Committee (FOMC) removed a piece of language from their meeting statement about the possibility of higher rates, which is a significant step as the Fed shifts its posture on future rate actions. ...
However, investors were pleased by Powell's comment that Fed's next move was "unlikely" to be a rate hike. TheDow Jones Industrial Average jumped after the remarks, and rose as much as 500 points. He also stressed the need for the committee to make its decisions "meeting by meeting." ...
Powell says it's unlikely the next move is a rate hike Federal Chair Jerome Powell ruled out the possibility that the next policy move at its June meeting will be an interest rate hike. "I think it's unlikely that the next policy rate move will be a hike. I'd say it's unlikely,"...
quotes, while lowering can be seen as negative for the US dollar. If the rate remains unchanged, the analysts evaluate the number of "for" and "against" votes and discuss statements of voters after theminutes of meetingare published in order to forecast the results of the next meeting. ...
" role="dialog" aria-label=" " id="body_disclosure--media_disclosure--223041" > In this episode, Liz Ann and Kathy discuss the results and implications of the latest Fed meeting. They also address election-related questions and the impact of the FOMC meeting on interest rates. The conversa...
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.
For a third meeting in a row, the Federal Reserve announced today that it's maintaining interest rates at the current level. The rate hold was overwhelmingly expected. This Fed meeting also included a quarterly release of the committee's "dot plot," which indicates a median expectation among ...