Another interest rate hike could be looming. Here's what to know about the next Fed meeting (and how to get ready).
The FOMC implemented 11 rate hikes in a cycle that ended in July 2023. Since then, the fed funds rate has been held steady in a range of 5.25%-5.50%. The Latest Fed Moves During the most recent FOMC meeting held on July 30-31, 2024, interest rates were kept unchanged at 5.25%-5.5...
The Fed has one more meeting this year, and the outcome could have a big impact on your savings.
It's been two weeks since the Federal Reserve decided to cut its key interest rate for the first time since 2020 during the Covid-19 pandemic. The decision brought the Fed's Federal Funds Rate down to 4.75% to 5% from 5.25% to 5.5%, a level that was in place...
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...
Komal SriKumar
The reason is that the Fed has shifted into rate reductions now thatinflationhas cooled. The central bank kicked off this new phase with a 0.50 percentage point rate cut on Sept. 18, and it's expected to throttle back further at its meeting next week, which will conclude with a rat...
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 ...
The Federal Open Market Committee delivered a surprisingly dovish signal at its December meeting. Chairman Powell had spent most of 2023 telling us that the Fed would prioritize fighting inflation over supporting the economy for the foreseeable future. But in December they changed their tune. The...
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.