Officials voted at the December meetingto hold interest rates steady at a range of 5.25% to 5.5%, the highest level since 2001. But policymakers also opened the door to multiple rate cuts in 2024 amid signs the economy is beginning to slow in the face of tighter monetary policy. Updated q...
Better confidence that inflation is on track to stabilise near the 2 percent target and mounting signs that labour market conditions have reached greater balance have allowed the Federal Reserve to clearly signal that rate cuts are coming. Accordingly, markets widely expect the Fed to deliver a 25...
Federal Reserve ChairJerome Powellsignaled Friday that interest rate cuts are coming soon. "The time has come for policy to adjust," Powell said in his speech during the Kansas City Fed's symposium in Jackson Hole, Wyoming. "The direction of travel is clear, and the timing and pace of rat...
"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 ...
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. ...
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.
the Fed needed to feel confident that inflation is coming under control, Powell said the policymakers want to see further data similar to what was reported in the second half of last year. Over the last six months, prices have risen at a 2.5% annual rate, ...
Former President Donald Trump has called Powell “political” for considering rate cuts that Trump has said could benefit Biden and other Democrats. Powell was first nominated to be Fed chair by Trump, who has said that, if he is elected president, he will replace Powell when the c...
of the year, close to market pricing. The matrix of individual officials' expectations pointed to another full percentage point in cuts by the end of 2025 and a half point in 2026. In all, the dot plot shows the benchmark rate coming down about 2 percentage points beyond Wednesday's move...
“The latest Fed announcement confirmed that, despite likely short-term rate cuts later this year, mortgage rates will not fall enough to drive meaningfully higher origination volumes in 2024,” Eric Orenstein, senior director, Fitch Ratings, wrote Wednesday. ...