"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....
The Federal Reserve on Wednesday indicated it could be cutting its key interest rate by three quarters of a percentage point in 2024. Markets, though, think it could be double that. Following the Fed meeting, traders in the fed funds futures market were pricing in 150 basis points, or 1.5 ...
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 central bank start cutting rates?
Today (April 15th) the Australian Federal Reserve (hereinafter referred to as the "Australian Federal Reserve") released a summary of the latest monetary policy meeting, saying that the current exchange rate level is still too high, and the latest wave of gains is not conducive to economic grow...
Fed officials are expected to lie low today in meeting to review interest rate policy. (Federal Open Market Committee)Davies, Stephen A
Today’s decision to lower the federal funds rate target by a quarter percent, to 1.75% to 2%, is appropriate in light of the global developments I mentioned, as well as muted inflation pressures. Since our last meeting, we’ve seen additional signs of weakness abroad and a resurgence of ...
We wondered about an interest rate cut in the next committee meeting in March. Jerome Powell: I think it's not likely that this committee will reach that level of confidence in time for the March meeting, which is in seven weeks.
They also address election-related questions and the impact of the FOMC meeting on interest rates. The conversation then shifts to the bond market's reaction and expectations. They explore the historical perspective of Fed cycles and the performance of the stock market during these cycles. The ...
Investors have been anticipating a potential rate cut or the beginning of a rate-cutting cycle at the March meeting, but Federal Reserve Chair Powellexpressed skepticismabout that timing Wednesday afternoon. "Based on the meeting today, I would tell you that I don't think it's likely that the...
Earlier in the year, most economists pegged the first rate cut of 2024 for the Fed's March 20 meeting. But as of Wednesday, only 1 in 10 continued to forecast a March rate cut. "The initial market reaction sent expectations for a March rate cut to a below 10% probability — qui...