Updated on: September 19, 2024 / 8:22 AM EDT / CBS News It's been a long and bumpy road to the Federal Reserve's first interest rate cut in more than four years — a moment that could prove decisive to the finances of millions of Americans. ...
A top question on the minds of investors and consumers alike is when might the Federal Reserve make its first interest rate cut after two years of rapid hikes, which have sent mortgage and credit card rates soaring. But after Tuesday'shotter-than-forecast inflation report, economists have a ...
Jefferies is surprised by the size of the US Fed rate cut. The decision to cut by 50 bps could be politically driven. Adds interest rate in US should be 3-3.5% by next year. Barclays Fed will not see sharper rate cuts, commodities have already priced in the upcoming rate cuts well. ...
After biding its time, the Fed kicked off its monetary easing cycle with a strong start out of the rate cut gates. While investors may harbour concerns the Fed is getting ahead of itself, we highlight why we’re encouraged by the Fed’s proactive move. ...
Shaded areas represent the range of historical performance after the first Fed interest rate cut. Source – RBC Wealth Management, Bloomberg; bond index data since 1980 From a relative standpoint, bonds meaningfully outperformed the S&P 500 in three of these nine rate-cut cycles (1981, 2001, and...
The Bank of England, European Central Bank and Canada's central bank all have cut rates recently, though others awaited the Fed's cue. While the Fed approved the rate cut, it left in place a program in which it is slowly reducing the size of its bond holdings. The process, nicknamed ...
March 4, 2024 Most analysts and investors expect a first rate cut in June, though May remains possible. Fed officials, after meeting in December, projected that they would cut rates three times this year. Advertisement In his remarks Wednesday, Powell offered no...
(FOMC) decided to keep the target range for the federal funds rate at 5.25 to 5.50 percent for the fifth consecutive meeting, as it wants to "gain greater confidence that inflation is moving sustainable toward 2 percent" before beginning to cut rates. Two years into the mostaggressive ...
After a prolonged period of elevated Fed Funds rate, the FOMC commenced its easing action with a 50-bps rate cut in September 2024. Latest inflation readings, with PCE inflation falling back towards the Fed’s 2% target, provides sufficient justification for the policy rate reduction. ...
Rieder said the Fed will probably want to do one more rate hike later this year, and then it will stop and "sit here for a while" so that higher yields on fixed income assets "will be with us for a while." He added that the Fed will look to cut rates in the second half of ...