Another interest rate hike could be looming. Here's what to know about the next Fed meeting (and how to get ready).
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...
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...
"I think the case for raising interest rates at our next meeting is coming together," Powell told the Senate Committee on Banking, Housing and Urban Affairs in a hearing to confirm him as the next Fed chief after current Chair Janet Yellen steps down. What a Jerome Powell Fed could look ...
On Wednesday, Chicago Fed leader Charles Evans said the central bank could hold off on raising rates at the September meeting and instead begin winding down its balance sheet. The Fed in June raised the benchmark interest rates for the fourth time since December 2015 and unveiled a plan to ...
Federal Reserve officials, facing an economic jumble as 2016 begins, will almost certainly keep short-term interest rates steady at a policy meeting this month and turn their focus toward a potential cliffhanger decision about whether to lift them when they gather again in March, the Wall Street...
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...
That might translate into mortgage rates well under 6%. Michelle Bowman, Fed governor, speaking Monday, Sept. 30, at the Georgia Bankers Association meeting in Charleston, S.C. Bowman was the one dissenter in the Fed's Sept. 18 rate decision. She objected to the half...
The Fed's meeting came after U.S. President Donald Trump urged the central bank to refrain from further hiking interest rates, citing recent market turmoil. "Feel the market, don't just go by meaningless numbers," Trump tweeted on early Tuesday. ...
The Fed's meeting came after U.S. President Donald Trump urged the central bank to refrain from further hiking interest rates, citing recent market turmoil. "Feel the market, don't just go by meaningless numbers," Trump tweeted on early Tuesday. ...