The central bank said in a statement after its latest meeting that it would maintain the federal funds rate in a range of 5.25% to 5.5%, the same level as it announced two meetings ago, in July. The Fed has now hiked its key short-term interest rate just once since May. ...
Major Federal Open Market Committee Meeting Indicators IndicatorPeriodValue% CHG PREV Summary of Economic Projections: Change in Real GDP20271.90%-5.00% Summary of Economic Projections: Core PCE Inflation20272.00%-9.09% Summary of Economic Projections: Federal Funds Rate20273.10%-8.82% ...
The Federal Reserve said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably.
Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace, according to minutes from the November meeting released Tuesday. The meeting summary contained multiple statements indicating ...
Fed officials have wrapped up their two-day meeting and as expected have issued a cautious statement on the U.S. economy, interest rates and monetary policy. From the Fed: Information received since the Federal Open Market Committee met in April suggests
ALEX CHADWICK
At Wednesday's press conference, Powell declined to forecast when the Fed might begin cutting rates. The bank's economic outlook pegs the median federal funds rate at 4.6% at year-end, however. Americans may need to wait until the Fed's June meeting, or even later, for the first rate ...
"The Federal Reserve raised its short-term rate target for the first time since 2018 at its March meeting," Mike Fratantoni, Mortgage Bankers Association (MBA) chief economist, said. "More importantly, it clearly signaled that additional hikes are coming, with the median FOMC member expecting ...
The open questions for Wednesday's meeting are how the Fed will balance those two priorities in its future rate cut plans and what Fed chair Jerome Powell will say about the outlook in a post-meeting press conference. While the rate moves next week are all but set in stone, future cuts...
The minutes of the Federal Reserve’s late-July policy meeting show that most officials supported possible interest-rate cuts at the next meeting in September. The minutes showed that a “vast majority” of officials said an interest rate cut at the September meeting was likely if data...