During the most recent FOMC meeting held on July 30-31, 2024, interest rates were kept unchanged at 5.25%-5.50%.3 This was expected, as it gave the Fed additional time to evaluate if the current rates keep inflation at bay without hampering economic growth too much.4In its statement afte...
Another interest rate hike could be looming. Here's what to know about the next Fed meeting (and how to get ready).
The Exchange What to expect from next week's Fed meeting Gregory Daco, chief economist at EY-Parthenon, and Brian Weinstein, Morgan Stanley Investment Management head of global markets, join 'The Exchange' to discuss their expectations for the Fed next week, their interest rate forecast for 2025...
Federal Reserve officials significantly lowered their year-end interest-rate forecast in their quarterly Summary of Economic Projections, with the median forecast predicting a total of a percentage point of cuts in 2024. That’s a...
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.Nov 1, 2024 Facebook Email Live Now CBS News 24/7 CBS News Baltimore ...
Wall Street foresees the Fedlowering its benchmark interest rate by another 25 basis pointson Wednesday, following atwo-day policy meeting. Fed Chair Jerome Powell has taken pains while at the helm of the central bank since 2018 not to surpris...
The Federal Reserve is widely expected to cut its key interest rate on Wednesday, but plans for future cuts are much more up in the air. Fed officials could give some insight into how the central bank is digesting recent economic data showing stubborn inflation and a resilient but still-coo...
Komal SriKumar
After its meeting next week, the Fed will deliver two more 25-basis-point rate cuts this year–in November and December–according to 65 of 95 economists. That was up from 55 of 101 last month. Among 19 primary dealers polled, 11 expected the Fed to deliver a total of ...
But the fed funds futures market took a more aggressive stance, pricing in seven cuts in 2024. The market also raised the probability of a cut at the March FOMC meeting to above 80% as of the end of December. However, in January some of the optimism about cuts has been walked back...