In this episode, Liz Ann Sonders and Kathy Jones analyze this week's FOMC meeting and its impact on the economy and financial markets. The Fed's message was one of patience, with no change in interest rate policy. While the Fed acknowledged some caution about inflation, Fed Chair Powell ...
Perhaps just as important as the rate cut will be the signals meeting participants send about where they expect rates to go from here. That will happen via the "dot plot," a grid in which each official will signal how they see things unfolding over the next several years. The ...
The Fed's decision was approved on a unanimous 8-0 vote. The action was not surprising, given that this meeting followed a June session where the Fed took a number of steps including raising rates by another quarter-point and changing its projection for hikes this year from three to four....
The FOMC 2024 meeting concluded with the committee holding its benchmark borrowing rate in a range between 5.25%-5.5%. In its post-meeting statement, the committee said it would not be cutting rates “until it has gained greater confidence that inflation is moving” to the 2% target. Markets...
Mester, who has been president of the Cleveland Fed for eight years, didn’t say how large a rate hike she favored when the Fed’s next meeting ends on Feb. 1. Most economists expect the central bank to announce a smaller quarter-point hike. But Mester noted that the economy and the ...
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. Annabelle Gordon | Reuters The Federal Reserve on Wednesday projected only...
“We’re significantly closer to neutral,” Powell said during the post-meeting press conference. “From this point forward, it's appropriate to move cautiously and look for further progress on inflation,” he added. Powell Confirms Slower Rate Cuts On The Horizon ...
At the Fed's most recent meeting in December, Powell said the central bank wasrapidly accelerating its efforts to tighten creditwith the goal of reining in inflation. The Fed will stop buying billions of dollars of bonds in March, ahead of its previously announced goal of doing so in June....
He added in the text of a speech prepared for delivery at an event at his bank that the first meeting of this group takes place next month. In a separate press release, the bank said the panel "will focus on key issues regarding reference rates, including how their use is evolvi...
For their part, four of the five CMS staffers on the call said in depositions that they didn't remember what was said. Unlike the company's team, none of the government officials took detailed notes. "All I can tell you is I remember feeling very uncomfortable in the meeting," Rice ...