The Federal Reserve kept its benchmark rate steady at its first meeting of 2024. Here's what it means for your money.
The Federal Reserve said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably.
The Federal Reserve has been battling inflation since March 2022, when it began ratcheting up rates to cool the economy, eventually pushing its benchmark rate to its highest level in 23 years. While inflation has moderated considerably since then, November's Consumer Price Indexrose 2.7%, outpaci...
4, 2024. Seth Wenig—APAmericans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected. The officials are ...
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.
…Monday’s stock sell-off…ignited worried chatter about whether the Fed should have cut rates the week before, or might have to do so as an “emergency” measure before its scheduled meeting next month. This is not what panicky markets need: yet another government entity declaring yet ...
The Federal Reserve's bank term loan balance for the week of March 20 was US$15.2 billion, compared to US$167.5 billion the previous week; the balance of discounted window loans was US$2.67 billion, compared to US$1.83 billion in the previous week....
Americans may need to wait until the Fed's June meeting, or even later, for the first rate cut since March 2020, when the pandemic shut down the economy and the central bank slashed rates to spur spending, experts said. "We see a June rate cut being on the table, but odds are risin...
The Federal Reserve System, commonly known as the Fed, is the central bank of the U.S., which regulates the U.S. monetary and financial system.
The average 30-year fixed mortgage rate as reported by the Mortgage Bankers Association was at 3.3% in the first full week of 2022, as minutes from the December 2021 meeting of the FOMC—the Fed’s panel for setting monetary policy—disclosed that “many participants judged that the appropriat...