The Federal Open Market Committee of the Federal Reserve (the Fed) announced early today (Hong Kong time) after its two-day meeting that it had decided to keep the target range for the federal funds rate unchanged at 5.25-5.5%. The Fed's future interest rate decisions will be dependent ...
The market generally interpreted the Fed's rate decision as interest rates nearing the peak, with a slightly larger extent of rate cuts next year than previously expected. Nevertheless, the Fed's future interest rate decisions will continue to be dependent on the latest economic data and the imp...
Ethereum (ETH) experienced tepid price action on Monday as the investors brace up for the next US inflation CPI data and the FOMC Interest rate decision slated for December 13. On-chain data trends reveal that large crypto investors have cooled their buying pressure. As the bears capita...
On Wednesday, the Federal Reserve announced it's raising the fed funds interest rate target by 0.75% to a new range of between 2.25% and 2.5%, its second 0.75% rate hike in two months. Prior to the June hike, the Fed had not raised rates by >= .75% since 1994 The relationship bet...
The central bank's latest decision came just a few days after the Commerce Department reported on Friday that the US personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure, ticked up to 2.7...
Fed Interest Rate DecisionUnited StatesUSD Next ReleaseJan 29, 19:00 UTC+00:00 n/aConsensus 4.5%Previous Jerome Powell Jerome Powell took office as chairman of the Board of Governors of the Federal Reserve System in February 2018, for a four-year term ending in February 2022. His term as...
Fed Interest Rate DecisionUnited StatesUSD Next ReleaseJan 29, 19:00 UTC+00:00 n/aConsensus 4.5%Previous Michele Bullock Michele Bullock is an Australian economist who is currently governor of the Reserve Bank of Australia. She commenced as governor on 18 September 2023, and is the first woman...
Fed isn't getting data that shows they need to cut, analyst says Wall Street is bracing for a rare doubleheader on Wednesday, with fresh inflation data slated for release in the morning and theFederal Reserveexpected to announce its interest rate decision in the afternoon. ...
Like the US Fed, Bank of England Is Edging Toward Interest Rate Cuts — but Not Quite Yet More Justin Tallis Bank of England Governor Andrew Bailey addresses the media during the central bank's Monetary Policy Report press conference at the Bank of England, in...
Fed Rate Decision and Credit Card Debt The Federal Reserve left rates unchanged after its latest meeting. Adriana OcañasandWhitney Blair WyckoffJan. 30, 2025 How the Fed Impacts Personal Loans Its monetary policies have a ripple effect on the economy, which affects personal loan rates. ...