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. ...
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 hints on the ...
Matt McLennan, co-head of First Eagle’s global value team, and Bill Adams, chief economist at Comerica, join CNBC's 'The Exchange' to discuss the Fed's path for rate cuts, what they see in recent economic data, and more. Thu, Dec 12 20242:24 PM E...
The fed funds rate has ranged anywhere from 0% to as high as 20% since 1971. Learn about the highs and lows, and the key economic events over time.
For now, the majority of economists polled by FactSet are forecasting a rate cut from the Fed at its June 12 meeting. If that occurs, it would mark the first interest rate reduction since March 2020, when the central bank moved to stimulate growth as the pandemic was slamming the economy...
cuts are coming. Accordingly, markets widely expect the Fed to deliver a 25 basis point (bps) cut in September and have priced in another roughly 175 bps of cuts through June 2025, which would lower the top end of the policy rate to 3.50 percent from 5.50 percent over the next 10 ...
The committee noted that "job gains have slowed and the unemployment rate has moved up but remains low." FOMC officials raised their expected unemployment rate this year to 4.4%, from the 4% projection at the last update in June, and lowered the inflation outlook to 2.3% from 2.6% previous...
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 ch...
Peter Cardillo:I think the market, particularly the bond market, has certainly recognized the possibility of no rate cuts this year, and the stock market is aware of this as well. It all hinges on earnings—the basic fundamentals of the stock market. While this doesn't necessarily mean we'...
Instead, you'll most likely need to wait until the Fed's June 12 meeting to see the first rate cut, according to economists polled by FactSet. "In our view, expectations for rate cuts are, and have been, too aggressive. Our base case does not anticipate rate cuts until closer to mid...