"The main takeaway is that the economy is doing very well," chair Jerome Powell said in a press conference. "Most people who want to find jobs are finding them, and inflation and interest rates are low." The Fed sees GDP increasing at a rate of 2.4 percent next year, and unemployment ...
Fed expected to raise interest rates today; Move helps savers and hurts borrowers, but much of the effect may already have occurred.(NEWS)Meyers, Mike
WASHINGTON, Feb. 5 (Xinhua) -- A senior U.S. Federal Reserve (Fed) official said on Wednesday that the current level of interest rates remains appropriate despite economic uncertainty and other headwinds. "For right now, the way I see it is the (interest rate) cuts we have in place alr...
Exchange rates. Related: Sign up for stock news with our Invested newsletter. "Interest rates are the most important input in finance and money because they are a measure of time and risk preferences for investors," says Rick Nott, senior wealth advisor at Lourd Murray in Beverly Hills, Cali...
U.S. Federal Reserve Chair Jerome Powell speaks during a news conference in Washington D.C., the United States, on March 21, 2018. The U.S. Federal Reserve on Wednesday raised the benchmark interest rate by 25 basis points, its first rate hike in 2018. (Xinhua/Yang Chenglin) ...
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 ...
But, they added, the Fed could face a difficult position if a gradual cooldown persists alongside elevated inflation. That trend could force the Federal Reserve to keep interest rates high even as the economy falters. The Fed Funds rate stands between 5.25% and 5.5%, matching its highe...
Federal Reserve had signaled that it would take a cautious approach. Fed chair Jerome PowelltoldCBS News' "60 Minutes" earlier this month that the central bank wants to have more confidence that inflation is receding "before we take that very important step of beginning to cut interest rates....
When interest rates are expected to move lower, many banks andcredit unionslower their CD rates in anticipation, without waiting for the next official Fed move. That's because CDs offer you not just a rate today, but a future-rate guarantee—and institutions don't want to get locked in...
Switzerland's central bank became the first to cut interest rates Thursday. The Swiss National Bank lowered its main policy rate by 25basis pointsto 1.5%, which surprised some market watchers.4Switzerland's easing comes a day after theFederal Reserve held rates steadyand the same day the Bank ...