"This is not a committee that feels like it is in a hurry to cut rates quickly," Powell told a National Association for Business Economics conference, even though the policy-setting Federal Open Market Committee kicked off its easing cycle with a larger-than-expec...
Economists debate how much feds should cut rates: ; Sixth interest rate reduction expectedTHE ASSOCIATE PRESS
The Fedis scheduled to meet three more times this year, in September, November and December. Investors widely expect the central bank to make the first rate cut in September and approve at least one more reduction this year, according to the CME Group's FedWatch tool, which tracks trading. ...
000 jobs were created last month—implying that the Fed 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...
5.50% range it has been for more than a year, but signaled that a rate cut could come as soon as September if inflation continued to cool. Inflation by the Fed's targeted measure -- the year-over-year change in the personal consumption expenditures price index - eased t...
The Fed chair added that with the economy healthy and unemployment low, “we think we can and should be careful” in deciding when to cut the central bank’s benchmark rate. Powell also underscored that the Fed’s policymakers believe they are done raising ...
“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.” ...
Loan rates Auto, student, and many private loans are often fixed. Still, a rate cut means they're likely to become more affordable almost immediately. Existing variable-rate personal loans may also see a decrease in interest rates. Similarly,car buyerscould anticipate more favorable auto loan te...
AtlantaFederal ReservePresident Raphael Bostic on Thursday told FOX Business' Liz Claman that central bankers are unlikely to deliver an interest rate cut in July amid signs that inflation progress has slowed. Asked whether there is a scenario in which the Fed would start to ease rates in Ju...
“quite a bit of progress on inflation,” something that Fed officials have said they need to see consistently before they would feel confident enough to cut rates. In May, year-over-year inflation fell tojust 2.6%, according to the Fed’s preferred measure, not far above its 2% target ...