Federal Reserve officialssaidthey are leaving the central bank's benchmark interest rate unchanged, a decision widely expected by economists after recent inflation data showed that prices are stillincreasing at a faster pacethan the Fed would like. Even so, most officials are predicting three rate ...
Asked when the Fed might start to cut rates, Powell said he wouldn't make a prediction but added that "the time will come at some point, and I'm not saying when." For now, he said the Federal Reserve is focused on monitoring economic data and ensuring that inflation subsides to 2% a...
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.
Federal Reserve Meister: the Federal Reserve's forecast does not show that interest rates will rise sharply
WASHINGTON (AP) — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation remained elevated at the start of the year.
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 series of interest rate cuts in 2024 as inflation falls faste...
Market pros see surging inflation as a catalyst that will keep the Fed on track to raise interest rates. However, uncertainty about the economic outlook could also mean the central bank might not hike as much as the seven rate increases that some economists forecast for this year. ...
Powell on Wednesday again stated that the central bank prefers keeping rates elevated until inflation falls closer to its 2% annual target because of the risk that cutting too soon could fuel another round of price spikes. Still, the Fed's quarterly projections of future interest rate cuts are ...
The statement implied that at least one or more members were still unsure about an interest rate cut, as other sections noted when opinions were unanimous. Some Officials Were Willing to Cut Rates in July Investors and economists forecast that after a year of holding the influential fe...
Two of the 19 officials who pencilled in estimates thought the Fed should hold rates at the new level of 4.75-5 per cent through the end of the year. Another seven forecast only one more quarter-point cut this year. The range was even wider for rates in 2025. Powell will be tasked w...