Economists debate how much feds should cut rates: ; Sixth interest rate reduction expectedTHE ASSOCIATE PRESS
“We want to see more evidence that inflation is moving sustainably down to 2%,” Powell added. “Our confidence is rising. We just want some more confidence before we take that very important step of beginning to cut interest rates.” As he did during a Wednesdaynews conference, he said ...
Powell and other Fed officials have said they will not cut interest rates until they have gained even greater confidence that inflation is headed back to the central bank's 2% target after a breakout surge during the pandemic. "I do have some confidence of that," Powell said ...
The two big uncertainties going in toward the end of the year were, firstly, what's the Fed going to do? Are they really going to cut rates? And secondly, what's going to happen in the election. The next meeting is after the election in November. So that’s quite a period of ...
might not need to cut rates as drastically to keep the economy healthy. The odds of a 50-point cut in November dropped to zero. The odds of a 25-point cut shot up to 99.1%, and the market even priced in a small, sub-1% chance that the Fed would leave rates unchanged next month....
The Federal Reserve cut interest rates by a quarter-point Wednesday; ending months of speculation surrounding the potential move that could have...
"Downside risks to the labor market have increased, balanced against diminished but still real upside risks to inflation," she said. "Any number of shocks could influence what that path to normal will look like, how fast policy should move and where rates should settle." T...
Auto loans reflect lower rates The effects of the Fed’s half-point rate cut in September and its quarter-point cut in November have largely been passed through to auto loans, which fell on average from a peak of 7.3% in July to 6.8% last ...
To the Editor: There’s a belief that the Federal Reserve will cut interest rates soon (“Rate Hikes Haven’t Hurt Main Street. Wall Street Might Not Be So Lucky,” The Economy, Nov. 22). The only way that will happen is if we are in a recession next year. If that happens, the...
MORE: Nurses march on capital demanding reforms to protect themselves and patients Aybar said one of the ways officials were alerted to the alleged scheme was when the Florida state auditing process discovered poor passing rates at three nursing schools. ...