as well as Fed Chair Jerome Powell's 2:30 p.m. ET press conference. Traders will read into Powell's comments to get a sense of where policymakers stand on the path for rates in 2024.
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...
This Fed meeting also included a quarterly release of the committee's "dot plot," which indicates a median expectation among Fed members that three rate cuts totaling 0.75% will occur by the end of 2024. The best CD rates soared this year to their highest levels in 20 years—at one time...
"If that test is met, a reduction in our policy rate could be on the table as soon as the next meeting in September," Powell said. Stocks react to Powell comments Marketshad been looking for signs that the Fed will reduce rates when it next meets in September, with futures pricing poin...
Aggregate bond benchmarks rebounded this year following some of the worst showings on record in 2022. With heightened expectations that the Federal Reserve could cut interest rates in 2024, fixed income enthusiasm is perking up. While declining interest rate risk, assuming it materializes, is li...
burden of higher costs forevery type of loan, 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?
The Fed reduced the Fed Funds rate by 50bps from its policy target band of 5.25-5.50% at its 18 September meeting. The Fed endorsed the latest inflation indicators suggesting it is close to the 2% target; maintained its robust US growth outlook; and signalled that the policy rate can be ...
Likewise, fewer economists are now predicting that the Fed will cut rates at its May 1 meeting. Currently, about one-third are still penciling in a May rate reduction, down from 90% earlier this year. Instead, you'll most likely need to wait until the Fed's June 12 meeting to se...
" role="dialog" aria-label=" " id="body_disclosure--media_disclosure--223041" > 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 conversa...
With its decision to hold the line on rates, the committee in its post-meeting statement noted a "lack of further progress" in getting inflation back down to its 2% target. "The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confiden...