This month marks the one-year anniversary of the Federal Reserve's most recent interest rate hike, which pushed rates to their highest point in 23 years. Now, with inflation continuing to cool, economists are making predictions about when the central bank will begin cutting. The Fed ...
Federal Reserve officials say that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. 2 of 3 | FILE - A screen displays a news conference with Federal Reserve Chairman Je...
Growth expectations for the next three years have been raised sharply, but inflation and policy interest rates have risen only moderately, and there has been little change in the unemployment rate. Second, there are differences on how to balance the Federal Reserve's dual objective (that is, re...
O., 2000. " An evaluation of the predictions of the Federal Reserve ," International Journal of Forecasting , Elsevier, vol. 16(1), pages 17-38.Joutz, F. and Stekler H.O., (2000), An evaluation of the predictions of the Federal Reserve, International Journal of Forecasting, 16, 17-...
WASHINGTON (Reuters) - The Federal Reserve issued new guidance on Monday for larger U.S. banks detailing how they should develop "living wills" detailing how they can be safely dissolved. The guidance, which generally applies to banks with over $250 billion in assets but not ...
This study shows that Federal Reserve forecasts of growth in both total consumption and durable spending are generally rational under asymmetric loss, and the forecasts of growth in nondurable (services) spending, while unbiased (biased), fail to be rational. Yet, these forecasts are all ...
Don't expect rate cuts today. But July is a possibility Shang Saavedra/CNET MoneyIs your income keeping up with inflation?Dashia Milden, 5:22 p.m. ESTYes, the Federal Reserve is holding the federal funds rate at the same range it has for almost a year, the highest it's been since ...
Since the Federal Reserve in December hiked the fed funds target rate thePeople Bank of Chinaeffective has tried to decouple Chinese monetary policy from US monetary policy by allowing a crawling devaluation of the Renminbi. This in my view has played a positive role in offsetting the negative ...
For all his vaunted talents, Federal Reserve Chairman Alan Greenspan has never had much of a reputation as an economic forecaster. In fact, he shies away from making the precise-to-the-decimal-point predictions that many other economists thrive on. Instead, he owes his success as a monetary ...
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.