The Federal Reserve said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably.
Interest Rates Inflation Federal Reserve Aimee Picchi Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports. ...
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 ...
The Federal Reserve’s latest policy decision is ahead, with an expectation it will hold interest rates steady and avoid signaling any imminent plans for a first cut. The majority of Fed officials have pushed back on the market betting on a first cut coming in March, a 40% chance of which...
The Federal Reserve is widely expected to cut borrowing costs when it meets next Wednesday, and officials could shed light on how recent economic data might affect their decisions on interest rates in the new year.
JANET YELLEN: INTEREST RATES MAY NEED TO RISE TO ENSURE ‘ECONOMY DOESN'T OVERHEAT’ The Federal Reserve is keeping interest rates where they are, for now. Although the need for future rate hikes are increasingly being debated. If you want to see what interest rate you could get on a mor...
TheFederal Reserveon Wednesday announced its third straight interest rate cut, lowering the benchmark rate by 25 basis points amid economic data showing that inflation remains above the central bank's target rate. With the 25-basis-point cut, the benchmark federal funds rate will sit at a rang...
With the Federal Reserve poised to meet again on May 2 to set interest rates, it looks like there is a possibility of yet another increase. The previous two increases were only 25 basis points, as the Federal Reserve slowed their pace of rate hikes. The experts here at FBN® Finance ...
could prove inflationary.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...
Treasury yields surged and US stocks slipped after policymakers at theFederal Reservesignalled that they expected to lift interest rates in 2023, a year earlier than previously thought. The yield on the benchmark 10-year Treasury note rose 0.09 per cent to 1.58 per cent following the decision fr...