Federal Reserve officials see fewer interest-rate decreases in 2025 than they did three months ago, before the recent stretch of stronger-than-expected economic data and stubborn inflation pressures. They now expect benchmark rates to declin...
Tight Credit Conditions Add to Case for Fed Interest-Rate Cut More Reuters FILE PHOTO: The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, U.S., ...
The FOMC voted unanimously at the meeting to take down its benchmark borrowing rate by a quarter percentage point to a target range of 4.5%-4.75%. Markets expect the Fed could cut again in December, though conviction has waned among concerns that President-electDonald Trump's plans for ta...
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Fed Stands Pat on Interest Rate CutsTabassum Zakaria
The Federal Reserveheld interest rates at 4.5% to 4.75%, prompted by strong economic indicators that gave the central bank more room to wait. Federal Reserve Chair Jerome Powell said at apress conferenceon Wednesday that the Fed intends to remain cautious about additional rate cuts so long as ...
With economists pushing back their rate-cut forecasts to mid-2024, the initial impact was on the stock market, with the Dow Jones Industrial Averagefalling 525 points, or 1.4%, on Tuesday. Investors had been pushing stocks higher on expectations that the Fed would soon cut rates, which could...
cutting interest rates by one-quarter percentage point, as expected. The solid pace of economic growth means the Fed can abandon the urgency seen with the half-point cut in September and take a more deliberate, quarter-point pace with this and future rate cuts.— Greg McBride, CFA, Bankrate...
The Federal Reserve has now cut its key overnight lending rate three times in a row this year. And the effect has been a mixed bag for consumers.
Powell: Fed not "in a hurry" to push more rate cuts From CNN's Alicia Wallace The central bank is in a sweet spot with monetary policy and the US economy and is in no rush to make a rate cut, Federal Reserve Chair Jerome Powell said Wednesday. “We feel like we don’t need ...