For now, the majority of economists polled by FactSet are forecasting a rate cut from the Fed at its June 12 meeting. If that occurs, it would mark the first interest rate reduction since March 2020, when the central bank moved to stimulate growth as the pandemic was slamming the economy....
with many of them now projecting the Fed's first cut will come later in 2024 than they had earlier forecast. In other words, don't hold your breath for a cut at either of its next two meetings, in March and May.
The first rate cut will be a huge deal. Just about every corner of the economy was affected as the Fed raised benchmark interest rates from around zero in early 2022 to 5.25% to 5.50%, the level it's been since July 2023. Inflation came down — which was the main reason the Fed ra...
Will the Fed Cut Rates This Year? Fed Chair Powell has said that "the time has come for policy to adjust," indicating that rate cuts are on the horizon. Fed officials have not commented on the pace or depth of possible rate cuts, but have acknowledged progress in controlling inflation and...
Powell and other Fed officials have said they will not cut interest rates until they have gained even greater confidence that inflation is headed back to the central bank's 2% target after a breakout surge during the pandemic. "I do have some confidence of that," Powell said ...
Inflation has slowed and the labor market has softened enough to satisfy the Federal Reserve. That means the central bank is about to cut interest rates. On Aug. 23, Fed Chair Jerome Powell said, "The time has come for policy to adjust. The direction of
If the U.S. economy is weakening, the Federal Reserve, or the Fed, might cut interest rates. Watch to learn which investments to potentially consider when interest rates are low.
Bond Traders Conclude the Fed Will Cut Rates; The Only Questions: By How Much, and When?Reports on the performance of the bond market in the United States on December 29, 2000. Anticipated interest-rate reduction by the Federal Reserve; Rise of the benchmark 0-year Treasury bond; Bonds ...
Even Wednesday’s better-than-expected reading on an underlying measure of inflation wasn’t enough to give the market an all clear. “We believe It likely will take several months of slowing inflation to get the Fed — and the market — thinking...
Tayne also warns that the process will take time, suggesting we may not see a meaningful cut until at least the end of the year. "We saw rates increase quickly when the Fed raised rates, but they typically take longer to decrease," Tayne says, warning that card issuers who've been raki...