Fed Chair Jerome Powell said while the Federal Reserve's policy rate is likely at or near its peak in this tightening cycle, he would not rule out another rate hike. "We are prepared to tighten policy further if appropriate," he said at the post-meeting press conference. In fact, the c...
though, the Fed is nearing its 2% inflation target. Bank of America's calculations indicate that the Fed's preferred inflation gauge will be around 3.1% year over year in November, and actually could hit a 2% six-month annualized rate, meeting the central...
As was overwhelmingly expected for weeks, the Federal Reserveannounced this afternoonthat it is maintaining the federal funds rate at its current level.1This is the third meeting in a row ending with a rate hold, after last being raised on July 26.2 Since March 2022, the Fed has implemented...
Market expectations have shifted after the Fed meeting, with investors now expecting the Fed to raise interest rates five times this year, while Fed officials in December 2021 projected only three rate hikes for the year. "JUST THE BEGINNING" U.S. stocks have dropped on the news of coming ...
Meanwhile, economists polled by FactSet are predicting rate cuts at the Fed's November and December meetings (There is no October rate decision meeting.) Additionally, many economists expect the Fed to continue to cut throughout 2025, with most forecasting that by May 2025, the benchmark rate...
The Fed has one more meeting this year, and the outcome could have a big impact on your savings.
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. ...
In this episode, Liz Ann and Kathy discuss the results and implications of the latest Fed meeting. They also address election-related questions and the impact of the FOMC meeting on interest rates. The conversation then shifts to the bond market's reaction and expectations. They explore the his...
Here are the four biggest questions I have surrounding the Fed’s September meeting Is a rate cut in December a done deal?Policymakers say rates are not on a predetermined course. Economists I talk to say the resilient economy raises the likelihood of the Fed cutting less than expected. ...
On the latest policy meeting in December, the U.S. Federal Reserve left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as inflation continued to cool, signaling an end to its rate hiking cycle and possible rate cuts in 2024. ...