with many of them now projecting the Fed's first cut will come later in 2024 than they had earlier forecast. In other words, don't hold your breath for a cut at either of its next two meetings, in March and May.
Federal Reserve officials see fewer interest-rate decreases in 2025 than they did three months ago, before the recent stretch of stronger-than-expected economic data and stubborn inflation pressures. They now expect benchmark rates to decline...
However,speaking with the media, Chair Jerome Powell indicated that while no decision has been made about actions at future meetings a cut could come as soon as September if the economic data showed inflation easing. "If that test is met, a reduction in our policy rate could be on the tab...
WASHINGTON – The Federal Reserve on Wednesday held its ground on interest rates, again deciding not to cut as it continues a battle with inflation that has grown more difficult lately. In a widely expected move, the U.S. central bank kept its benchmark short-term borrowing rate in a targe...
The Federal Reserve (Fed) deliberates on monetary policy and makes a decision on interest rates at eight pre-scheduled meetings per year. It has tw...
The minutes of the Fed’s meetings sometimes provide key details behind the policymakers’ thinking, especially about how their views on interest rates might be evolving. The financial markets are eagerly awaiting more clarity about the likely timetable for the Fed to begin cutting its b...
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...
The Federal Open Market Committee (FOMC) once again held its benchmark interest steady during its most recent meeting in July, as well as prior meetings this year. The next FOMC meeting takes place on September 17-18, 2024, and Fed watchers widely expect the central bank to cut the influen...
The Federal Reserve will lower interest rates by 25 basis points at each of the U.S. central bank’s three remaining policy meetings in 2024, according to a majority of economists in a Reuters poll that found only nine of 101 expected a half-percentage-point cut next week....
This interest in “staying out of it” is one of the reasons why Fed officials moved their rate-setting meeting today to Thursday. Federal Open Market Committee (FOMC) meetings typically take place every six weeks and conclude on a Wednesday. ...