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...
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....
The Bank of England, European Central Bank and Canada’s central bank all have cut rates recently, though others awaited the Fed’s cue. While the Fed approved the rate cut, it left in place a program in which it is slowly reducing the size of its bond holdings. The process, nicknamed ...
No Fed officials have yet gone so far as to suggest that the Fed will likely cut rates this year. The financial markets, by contrast, have continued to bet that policymakers will feel compelled to cut interest rates twice by the end of 2023. “They would like to go on hold and pause...
Fed leaves interest rates unchanged Statement convinces many that cut coming in June if no strong growthMartin Crutsinger
The bank's economists — led by Jan Hatzius — predicted in an analyst note on Monday that the U.S. central bank will raise interest rates four more times between now and the end of 2023, eventually holding them at a range between 4.25% to 4.50% until 2024. ...
It’s still unclear if the Federal Reserve will move to cut rates in March after Wednesday’s statement, according to Ian Lyngen, head of U.S. rates at BMO. “While this doesn’t take a March cut off the table completely, it also isn’t an endorsement of a move on March 20th,” ...
Added to this, some buyers may put off buying a home due to expectations that the Fed will cut rates sharply in the coming months. This could put pressure on home sales for some time. Thus, we think that new home sales is a more important gauge of the state o...
Assuming that the Fed continues to cut interest rates as projected, and global growth remains relatively firm, then export-oriented EM currencies may continue to appreciate. However, given the wide range of fundamental factors affecting these currencies, there will likely be wide differences in perfor...
Updated quarterly economic projections laid out after the meeting showed that a majority of Fed officials who participated in the meeting expect rates to fall to 4.6% by the end of 2024, suggesting there will be at least three quarter-point rate cuts next year. ...