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....
The Fed on Wednesday paused interest rate hikes for the second time this year, leaving interest rates unchanged at a range of 5.25% to 5.5%, the highest level since 2001. But policymakers also left the door open to an additional increase before the end of the year and indicated rates a...
Likewise, fewer economists are now predicting that the Fed will cut rates at its May 1 meeting. Currently, about one-third are still penciling in a May rate reduction, down from 90% earlier this year. Instead, you'll most likely need to wait until the Fed's June 12 meeting to see th...
Economist Peter Morici reacts to the Fed signaling that it could cut interest rates three times in 2024, on 'Varney & Co.' TheFederal Reserveis set to begin the New Year after it signaled that a momentous shift in monetary policy is underway amid signs that high inflation is finally beginn...
Fifty-four of 71 economists polled said a 50-basis-point cut at any of the Fed’s remaining meetings this year was unlikely, including five who said it was very unlikely. Thirteen said such a move was likely and four said very likely. ...
The Federal Reserve said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably.
This past September, the Fed made itsfirst interest rate cut in yearsin an effort to keep the economy from falling into a recession while maintaining control of inflation, which is still higher than the Fed’s 2% long-run target. Lower rates make it cheaper to borrow money and service debt...
Traders'confidence that the Federal Reserve will cut interest rates three times this year, by 0.25 percentage points each time, is rapidly disappearing, and t
Since the beginning of July when the Fed began to signal its intention to cut interest rates, many EM country currencies have appreciated sharply, but most are still lower than a year ago. Emerging market countries have had varied reactions to the prospect of Fed rate cuts ...
and the Fed pivot has provided a strong tailwind to growth since December,” he wrote Friday in a research note. “As a result, the Fed will not cut rates this year, and rates are going to stay higher