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...
The Federal Reserve on Wednesday said it is holding its benchmark interest rate steady, extending a reprieve for borrowers after the fastest series of hikes in four decades. The central bank also indicated it expects three rate cuts in 2024. The Fed said in its policystatementthat it will ma...
The tactic by the Federal Reserve is an attempt to combat inflation while keeping the job market afloat. Federal policymakers expect that the Federal Reserve will raise interest rates several more times throughout the year. Though the hikes are necessary to slow spending, the move comes at a c...
John Maxfield
Federal Reserve officials, in their first meeting of 2018, held benchmark U.S. interest rates steady in a range of 1.25% to 1.5%, as expected.
RELATED: Federal interest rate hikes are here: How will it impact your finances? Fed Chair Jerome Powell has acknowledged that aggressively raising interest rates would bring "some pain" for households but that doing so is necessary to crush high inflation. Which consumers are most affected? Anyo...
The Federal Reserve announced Wednesday it will raise its benchmark interest rate by 0.25 percent — the first hike in nearly a decade.
Federal Reserve pauses interest rate hikes for now June 14, 2023 08:00 AM GMT+8 - Updated June 15, 2023 22:01 PM GMT+8 Chair Jermone Powell says two more rate hikes are likely before year end.RELATED VIDEOS 15:12 Gun Violence Is Finally Dropping, but a Trump Presidency Could ...
The Federal Reserve on Wednesday approved its first interest rate increase in more than three years, and said it expects to keep raising through the end of the year.
The Federal Reserve is expected to begin raising interest rates this week for the first time in three years as policymakers look to cool red-hot inflation, a move that comes at a precarious time for the U.S. economy as it confronts a continuing pandemic