Federal Reserve Bank Official Avoids Interest Rate Forecast.Liedtke, Michael
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During their final meeting of the year earlier in December, central bank policymakers signaled that a nearly two-year battle against inflation is finally coming to an end in a long-awaited policy pivot. In addition to holding rates steady for the third straight month, Fed officials forecast a ...
In new quarterly projections they issued, the policymakers forecast that stronger growth and inflation above their 2% target level would persist into next year. Overall, the forecasts suggest that the Fed still expects an unusual combination: A healthy job market and economy...
Given that inflation has been sticky this year, many analysts have predicted that the Fed was likely to make fewer rate cuts in 2025 amid concerns that could cause the economy to overheat. Still, the Fed has so far defied forecasters' warnings that its rate...
Federal Reserve officials signaled that they still expect to cut their key interest rate three times in 2024 despite signs that inflation remained elevated at the start of the year.
The Fed's forecast shows that its members are projecting that the median federal funds rate will decline to 3.4% at the end of 2025. Wednesday's cut should ease financial strains for some consumers, experts said. "A September cut, along with the possibility of at least one more this y...
It should be noted that the interest rate cut forecast for March before the meeting had basically fallen below 50%. Therefore, it is reasonable for the Federal Reserve to “throw cold water” on the expectation that interest rates will be cut in March. If it is suggested that interest rates...
The Fed chair responded to a question about what policymakers will consider in future rate cut decisions heading into the new year, given the signal sent by the Fed's economic projections about fewer rate cuts in 2025 than were previously forecast. ...
At Wednesday's press conference, Powell declined to forecast when the Fed might begin cutting rates. The bank's economic outlook pegs the median federal funds rate at 4.6% at year-end, however. Americans may need to wait until the Fed's June meeting, or even later, for the first rate ...