With inflation sticking at a level above their 2% target, Federal Reserve officials are downgrading their outlook for interest rate cuts.
Federal Reserve releases FOMC statement on economic activity and monetary policy News | Online & Mobile Banking | 15 Jun 2023 TheFederal Reservehas issued its latest statement from the Federal Open Market Committee (FOMC) meeting, revealing key insights into the current state of the economy and th...
The next Federal Reserve meeting takes place on Tuesday-Wednesday. While there is essentially no chance of a Fed rate cut this week, the meeting will be key for setting market expectations for possible easing later this year. The Fed meeting announcement will take place on Wednesday at 2 p....
“Federal Reserve microphone” Nick Timiraos wrote that the Federal Reserve will not cut interest rates at this week's meeting because the economy has been growing steadily. Although in the past seven months, the monthly inflation rate other than food and energy has been at or below 2% for si...
The Federal Reserve kept its benchmark rate steady at its first meeting of 2024. Here's what it means for your money.
After the Federal Reserve’s latest interest rate decision, you may be tempted to try and start connecting some dots. That’s because U.S. central bankers updated their closely scrutinized “Summary of Economic Projections” (SEP) at their December meeting, which includes a chart that many Fed...
The Federal Reserve on Wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more evidence that U.S. inflation is cooling in earnest. The central bank kept the federal funds rate — or what banks charge each other for short-...
The latest news from the Federal Reserve. Extensive coverage and analysis of the Fed's monetary policy decisions and reports, including updates on US interest rates.
The Federal Reserve's policy committee kicked off its two-day meeting on Tuesday, and the outcome of the gathering could have implications well into the new year. TheFederal Reserve Open Markets Committee (FOMC)is meeting for the last time this year and will announce its policy decisio...
The minutes of the Federal Reserve’s late-July policy meeting show that most officials supported possible interest-rate cuts at the next meeting in September. The minutes showed that a “vast majority” of officials said an interest rate cut at the September meeting was likely if data...