"Today's report will raise confidence within the Fed that inflation is indeed on a sustainable path towards 2%," and opens the door to rate cuts as soon as next month, said Farooqi, adding that the Fed would embark on "a string of modest rate cuts, not panicky big cuts."...
Inflation increased in November, complicating Fed's next rate decision ABC News’ Alexis Christoforous discusses the latest data which could potentially giving pause to the Federal Reserve as it weighs an interest rate cut expected next week....
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...
Fed Meeting Calendar The FOMC regularly meets eight times a year. The table below shows the calendar from December 2022 thru 2024, and how the Fed decided on interest rate hikes.1 FOMC Meeting Calendar for 2023-'24 DateFed’s DecisionFederal Funds Target Rate ...
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.
On deck, the Fed’s rate decision on Wednesday will be theweek’s main event,followed by the central bank’s preferred personal-consumption expenditures PCE inflation gauge for November on Friday. Monday also brings updates on the manufacturing s...
Decision on next Fed chief a rare political battleBy MARTIN CRUTSINGER
BoC Interest Rate Decision (Jan.) The Bank of Canada cut its key interest rate by 50 basis points to 3.25%. The Bank Rate is now 3.75% and the deposit rate is 3.25%. Featured Earnings CGI Inc. (T.GIB.A)(Q1) EPS of $1.97, compared to $1.92 in the prior-year quarter. ...
Biden drops out of 2024 election On July 21st in Washington, the U.S. President Joe Biden has ended his re-election campaign and endorsed Vice-President Kamala Harris to succeed him as the Democratic candidate for the 2024 U.S. presidential race. Biden shared his decision in a written state...
9:33aThis may be ‘most critical thing’ for markets facing Fed interest-rate decision 9:33aPicksI have $7M with my adviser. He wants to convert $2M of that into an annuity he says guarantees 9%. Should I be wary? 9:32aOpinionStop the money-printing press: Why the Fed should target...