Following the Fed meeting, traders in the fed funds futures market were pricing in 150 basis points, or 1.5 percentage points, worth of cuts in the year ahead, according to the CME Group's FedWatch indicator. That would take the benchmark funds rate down to a target range of 3.75%-4%....
Today's Fed Meeting The Federal Reserve’s policy-making committee voted to keep the benchmark interest rate steady at the conclusion of their meeting on Wednesday. Officials’ collective forecast for interest rates now implies only one quarter-point cut by the end of 2024, a significant shift ...
Investors have been anticipating a potential rate cut or the beginning of a rate-cutting cycle at the March meeting, but Federal Reserve Chair Powellexpressed skepticismabout that timing Wednesday afternoon. "Based on the meeting today, I would tell you that I don't think it's likely that the...
from mortgages to credit cards, after two years of interest rate hikes by the Federal Reserve. With the central bank meeting today, economists and consumers alike have one question on their minds: When will the central bank start cutting rates?
Fed meeting today on Chase-Chemical merger.(Federal Reserve Board, Chase Manhattan Corp., Chemical Banking Corp.)(Brief Article)Fox, Justin
Today’s the day: The Federal Reserve is about to announce what it decided to do with interest rates at its November meeting. We already know what the Fed is likely to do: Cut interest rates by a quarter of a percentage point. The move would bring the keybenchmark borrowing ratethat im...
saying at that meeting. We don't think they're going to be talking about potential rate increases, but we do think they're going to have a tone that's relatively hawkish and are going to reiterate that they're going to be data-dependent in regard to considering rate cuts in the ...
Federal Reserve Governor Michelle Bowman said earlier this week that interest rate hikes are likely over, while noting that "important upside inflation risks remain." "Today's slightly worse than expected consumer price inflation numbers provide no reason for the Federal Reserve to change its present...
Federal Chair Jerome Powell ruled out the possibility that the next policy move at its June meeting will be an interest rate hike. "I think it's unlikely that the next policy rate move will be a hike. I'd say it's unlikely," Powell said. ...
Markets had fully priced in no move at this meeting, which kept the fed funds rate in a targeted range between 5.25%-5.5%, the highest in some 22 years. The rate fixes what banks charge each other for overnight lending but alsospills over into many forms of consumer debt. ...