Fed meeting on interest rates; increase unlikely: ; With economy still struggling, danger of relapse remainsJeannine Aversa
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...
"Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures," the Fed said in a statement after a two-day policy meeting, adding the Ukraine crisis and related events are likely to "create additional upward pressure...
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...
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 outlook also is for the Fed to skip the January meeting. Wall Street is expecting little to no change in the postmeeting statement. Officials also are likely to raise their estimate for the "neutral" rate of interest that neither boosts nor restricts growth. That level had...
interest rate decision on a Thursday to stay clear of the U.S. midterms and it did the same in November 2020. Only in 2010 did the Fed keep its interest rate meeting announcement scheduled for the Wednesday after Election Day. All other years, it didn’t host a meeting during Election ...
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...
The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, delivering relief for borrowers at the central bank's last meeting before President-elect Donald Trump takes office next month. The central bank predicted fewer rate cuts next year than it had previously i...
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...