Some Federal Reserve participants have pushed back their rate-cut expectations into 2025, Powell added. The Fed's Summary of Economic Projections, also released today, shows four cuts penciled in for next year, with the benchmark rate expected to dip to about 4.1% by the end of 2025. ...
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because ofstill-elevated in...
Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates.
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 Federal Reserve has been communicating its ambition to stamp out inflation for over two years and yet it’s about to cut interest rates asprices continue to move in the wrong direction. The central bank’s benchmark rate still hovers near its highest in two decades in th...
The Federal Reserve pushed out rate-cut expectations — here's what that means for your credit card, mortgage rate, auto loan and savings account.
WASHINGTON (AP) — Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes
The Federal Reserve cut its key interest rate by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next...
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., November 7, 2024. REUTERS/Annabelle Gordon/File Photo By Indradip Ghosh BE...
Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes