Boston Federal Reserve Bank President Eric Rosengren, who served from 2007 to 2021, said that as inflation is falling faster than officials had expected at the June meeting and the unemployment rate is gradually increasing, the Fed has a strong case for cutting interest rates soon. He said: '...
Komal SriKumar
“We’re significantly closer to neutral,” Powell said during the post-meeting press conference. “From this point forward, it's appropriate to move cautiously and look for further progress on inflation,” he added. Powell Confirms Slower Rate Cuts On The Horizon “I think from here it’s ...
However, beginning in June, it will cut its sales to $25 billion a month, easing upward pressure on rates. Veteran fund manager picks favorite stocks for 2024 Read More EconomyMortgagesInflationFederal ReserveInterest RatesHousing MarketStock MarketFedBonds ...
The rate cut, which was expected, was the "least important component" of today's Fed meeting, noted Jack McIntyre, portfolio manager at Brandywine Global, in an email. Instead, Wall Street was focused on the Fed's forecasts for 2025 and beyond, with the ...
He added in the text of a speech prepared for delivery at an event at his bank that the first meeting of this group takes place next month. In a separate press release, the bank said the panel "will focus on key issues regarding reference rates, including how their use is evolvi...
The Federal Reserve will soon announce its next interest rate move as new data trickles in about the U.S. economy. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Raneri added, “It remains to be seen how these numbers will change if and when the Fed lowers interest rates later this year. For consumers, the best thing that they can do is ensure that their credit is in the best position possible when that time comes in hopes of being able to tak...
"Whether the Fed does or doesn’t raise rates further in the coming months, the high rates are here to stay for awhile," said Greg McBride, chief financial analyst at Bankrate. Policymakers voted during their policy-setting meeting to leave interest rates unchanged at a range of 5.25% to ...
September's meeting also included a quarterly release of the Fed's "Summary of Economic Projections," which includes a "dot plot" graph indicating where each Fed member believes the fed funds rate will be at the end of coming years. The current dot plot shows that almost two-thirds of the...