After its Sept. 17-18 meeting, the central bank slashed the target range for the federal funds rate by 50 basis points, which marked the first rate cut in over four years and signaled the start of an easing cycle. At ...
The US Federal Reserve kept its target interest rate unchanged at a 22-year high today and signaled it may make three one-quarter point rate cuts next year. The Fed's Federal Open Market Committee (FOMC), in its last policy meeting of 2023, held the federal funds target rate unchanged ...
The Federal Reserve Chair Jerome Powell confirmed slower rate cuts on the horizon. The Fed has been or closer to the timing of slower cuts, Powell told reporters at a news conference after the meeting.“Today was a closer call, but we decided it was the right call,” Powell said. He la...
Fed policymakers voted 11-to-1 in favour of cutting the bank's key lending rate by half a percentage point last month, bringing the bank's key lending rate down from a 23-year high. Shutterstock Washington: The US Federal Reserve is likely to make one or two more rate...
Dean Baker, a senior economist at the Center for Economic and Policy Research, told Xinhua that the Fed's decision is "somewhat discouraging." While the economy does not need lower rates to boost growth, rate cuts would ...
Geopolitical risks are adding support, but the Fed will be in the driving seat of gold in 2024William Clarke04 December 2023Gold will hold onto its recent gains, with geopolitical tensions and a weakening US dollar lending support into 2024, analysts said. Gold prices hit record highs over ...
The Federal Reserve Chair Jerome Powell confirmed slower rate cuts on the horizon. The Fed has been or closer to the timing of slower cuts, Powell told reporters at a news conference after the meeting."Today was a closer call, but we decided it was the right call," Powell said. He late...
Fed Governor Bowman says December interest rate cut should be the last Thu, Jan 9th 2025 Bonds Treasury yields fall in shortened trading session Thu, Jan 9th 2025 Tech Trump's tariff plans loom over the year's biggest electronics show Wed, Jan 8th 2025 Federal Reserve Fed officials are worri...
The Federal Reserve Chair Jerome Powell confirmed slower rate cuts on the horizon. The Fed has been or closer to the timing of slower cuts, Powell told reporters at a news conference after the meeting.“Today was a closer call, but we decided it was the right call,” Powell said. He la...
Almost all Fed participants remain reluctant to publicly consider rate cuts in 2023, likely for fear of easing financial conditions undoing their work to tighten this year. Moreover, while participants and the Fed staff have become more pessimistic about avoiding a recession, most participants still...