Fed meeting on interest rates; increase unlikely: ; With economy still struggling, danger of relapse remainsJeannine Aversa
WASHINGTON, March 16 (Xinhua) -- The U.S. Federal Reserve on Wednesday raised its benchmark interest rate for the first time since 2018 as it seeks to tame the highest U.S. inflation in four decades. "Inflation remains elevated, reflecting supply and demand imbalances related to the pandemi...
Powell said he expects inflation will peak and begin to come down this year. While Powell currently supports a .25% interest rate hike, he said the central bank is prepared to "move more aggressively" at future meetings — leaving the door open to 0.5% rate hikes — if inflation increases...
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...
The Federal Open Market Committee (FOMC), the Fed's policy-making body, decided to raise the target range for the federal funds rate to 0.75 to 1 percent, the Fed said in a statement after a two-day policy meeting. The committee also decided to begin reducing its holdings of Treasury se...
What do interest rate cuts from the Fed mean for you? The Fed’s decision is now just 15 minutes away What Greg McBride, CFA, is watching at the Fed's November meeting. McBride joins Local News Live to preview today’s announcement from the Fed. ...
GOP presidential candidate Donald Trump said the Federal Reserve may have been “playing politics” when it cut its benchmark interest rate by a half a percentage point. "I guess it shows the economy is very bad to cut it by that much, assuming they're not just playing politics," Trump ...
In addition, the summary of the meeting also referred to the economic situation. The committee's first concern is the employment rate of the labour market in Australia. Despite the strong rise in employment in February, the domestic labour market in Australia remained weak. The unemployment rate...
Interest rate hike may have a positive effect on dollar quotes, while lowering can be seen as negative for the US dollar. If the rate remains unchanged, the analysts evaluate the number of "for" and "against" votes and discuss statements of voters after the minutes of meeting are published...
The minutes showed that a “vast majority” of officials said an interest rate cut at the September meeting was likely if data continued to meet expectations. Meanwhile, “several” were up for cutting rates at the July meeting, when the Fed kept rates at their highest level in 23...