that the Fed is prepared to cut rates to support the job market and achieve a notoriously difficult “soft landing.” That is when the central bank manages to curb inflation without tipping the economy into a steep recession and causing unemployment to surge. ...
The Federal Reserve has been battling inflation since March 2022, when it began ratcheting up rates to cool the economy, eventually pushing its benchmark rate to its highest level in 23 years. While inflation has moderated considerably since then, November's Consumer Price Indexrose 2.7%,...
The decision by the Fed's policy-setting committee to cut interest rates for the first time since March 2020 was prefaced by an unusual amount of market uncertainty as to how much the central bank would lower its benchmark rate from a two-decade high of 5.25% to 5.5%, where it has st...
The Federal Reserve is widely expected to cut US interest rates by a quarter point on Wednesday, with a steady inflation reading for November helping to strengthen those bets. Futures markets are pricing in a 95 per cent probability the central bank will make a 0.25 percentage point reduction t...
In past cycles, emerging market (EM) currencies have tended to appreciate during times when the Federal Reserve was cutting interest rates. The category includes a wide variety of countries with vast differences in growth, inflation, and economic prospects. Consequently, the range of performance has...
Tara Sinclair, an economist at George Washington University who is a former Treasury Department official, suggested that the uncertainty surrounding whether Trump’s policy changes will keep inflation elevated — and necessitating higher rates — could also lead the Fed to cut rates more gradually, if...
Federal Reserve policymakers have indicated they do not expect to vote to alter interest rates at next week’s meeting© Nathan Howard/Bloomberg The timing and speed of Federal Reserve interest rate cuts have been the biggest single driver of markets this year. ...
BlackRock’s Rick Riedersaid Thursday he believes the Federal Reserve is nearing the end of its current cycle of interest rate hikes aimed at tamping down inflation and may look to cut rates next year. Rieder, BlackRock’s chief investment officer for global fixed income responsible for the m...
Interest rates have already fallen because of easing inflation fears, as well as the growing perception the Fed is about to cut rates. Is the Federal Reserve gearing up to reverse its campaign of anti-inflation interest rate hikes? The answer depends on whether you’re aski...
The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full percentage point since September. CBS News contributor Javier David breaks down its impact.Dec 19, 2024 ...