Whether this larger-than-typical rate cut can stabilize the slowing job market and mitigate potential risks to the U.S. economy remains to be seen. A soft landing isn't a done deal. WHY GO BOLD? When asked about this "larger-than-typical rate cut," Fed Chair Jerome Powell acknowledged ...
At the Fed's last policy meeting of the year on Wednesday , the committeecut its overnight borrowing rate to a target range of 4.25%-4.5%. A total of 14 of 19 officials penciled in two quarter-point rate cuts or less in 2025. Only five members projected more than ...
As expected, the Federal Open Market Committee (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 ...
While the Fed's statement showed minimal changes, it introduced a new qualifier on the "extent and timing" of future rate cuts, suggesting a slower pace in 2025 than previously anticipated. The Summary of Economic Projections revealed upward revisions in policymakers’ 2025 growth and inflation for...
"What will be more significant is the cumulative effect of a series of interest rate cuts over time." Will the Fed cut rates even further in 2024? Very likely. On Wednesday, the Fed also released its economic projections for the coming years, which shows that its members are pegging ...
The recent pickup in inflation, though slight, has led some economists to postpone their projections for when the Fed will begin cutting rates. Rate cuts would begin to reverse the 11 increases the Fed carried out beginning in March 2022 to fight the worst inflation bout in four dec...
giving most foreign central banks less room to cut at a rapid pace. Based on the expected path of the federal funds rate suggested in the Fed's quarterly Summary of Economic Projections released in September, yield differences appear likely to tighten further, weighing on the dollar in the nea...
2026, and back to a level for the Fed funds rate, the longer run Fed funds rate, or so-called neutral nominal rate that is around 3.5% to 3.75%. That is well above where the Fed has the longer run rate in their projections and a little bit above where you see it in market ...
WASHINGTON, Sept. 18 (Xinhua) -- The U.S. Federal Reserve on Wednesday slashed interest rates by 50 basis points amid cooling inflation and a weakening labor market, marking the first rate cut in over four years. "The Committee has gained greater confidence that inflation is moving sustainably...
Follow live coverage of the Federal Reserve's September policy meeting, including the interest-rate decision, summary of economic projections, and Chairman Jerome Powell's news conference today.