August 3, 2024 Finance A former Fed president says she would not cut interest rates this week, but she expects the central bank will anyway BYAlena Botros December 17, 2024 Finance Citi Wealth chief investment strategist shares predictions ahead of Fed rate cuts ...
The first Federal Reserve interest rate cut since the pandemic set the stage for home equity rates to fall, with variable-rate HELOCs retreating to their lowest level in more than a year. For homeowners, there’s a lot to leverage here — some $17.2 trillion in collective equity, according...
which means the Fed can change course from previous projections. It's also worth noting that Fed members' predictions on rate cuts are for next year as a whole, with no signals onwhenin 2024 they expect the first cut to be implemented....
During his customary post-announcement press conference, Federal Reserve ChairJerome Powellwas asked whether the committee stood by its September predictions for another rate cut in December and then possibly a full-point reduction in 2025. Powell stated he wouldn't be able to speak to committee...
The US dollar has been on a rampage against other currencies since late September when the Fed, after its monster rate cut on September 18, started talking of smaller and fewer rate cuts to end at a higher level than previously priced in, after it became clear ...
Economy Slows as Inflation Heats Up in Q1 2024Read more April 19, 2024 Stubborn Inflation Fuels Fears of ‘No Landing’ ScenarioRead more March 17, 2024 Short-Term Treasury Market Walks Away from Rate-Cut Mania, Inflation Has Upper HandRead more March 16, 2024 What the PPI is Telling us:...
Bitcoin saw a serious price jump as it reached for one-month highs on Monday. This price rise was after Bitcoin sustained the rally after the Federal Reserve’s super-sized rate cut last week as the yen’s sharp gains has a pause this month. The currency is up 1.4% in September. ...
After a more benign-than-expected inflation report in November, a more hawkish-than-expected Fed in December signaled they’re unlikely to cut rates in the near future but will slow the pace of future rate hikes. Consequently, the 10-year nominal yield ended the quarter at 3.88% (real yie...
I’ve been expecting the Fed to make a “technical adjustment” to the RRP rate, as it does occasionally to the FF target range, something small such as 5 basis points, just enough to trigger a shift in where these funds flow. But that hasn’t happened yet, and might not happen. ...
If you were looking for a final, cataclysmic collapse of the US economy, you remain disappointed. To be sure, the fallout from the financial crisis is severe, with the palpable wreckage evident in the bottom line, a rate of underemployment at 17.2%. Yet