Tag: #Fed

The Federal Reserve said Wednesday it is keeping its benchmark lending rate at its current level for the seventh time in a row, while signaling fewer rate cuts than previously estimated.

The Federal Reserve should wait for significant progress on inflation before cutting interest rates, Minneapolis Federal Reserve President Neel Kashkari told CNBC on Tuesday.

The U.S. economy is slowing down, albeit at a glacial pace, and this should help inflation continue to gradually cool, Atlanta Fed President Raphael Bostic said Monday.

Federal Reserve officials at their March meeting expressed concern that inflation wasn’t moving lower quickly enough, though they still expected to cut interest rates at some point this year.

 Minneapolis Federal Reserve Bank President Neel Kashkari said on Thursday that at the U.S. central bank’s meeting last month he penciled in two interest rate cuts this year but if inflation continues to stall, none may be required by year end.

Following its two-day policy meeting, the central bank’s rate-setting Federal Open Market Committee said it will keep its benchmark overnight borrowing rate in a range between 5.25%-5.5%.

Fed Chair Jerome Powell said inflation is “not far” from where it needs to be for the central bank to start cutting interest rates.

In prepared remarks for appearances on Capitol Hill, Fed Chair Jerome Powell said policymakers remain attentive to the risks that inflation poses and don’t want to ease up too quickly.

Minutes from the Federal Reserve’s latest meeting may shed light on policymakers’ thinking about cuts to interest rates, not to mention the economy and the central bank’s balance sheet.

Federal Reserve Chairman Jerome Powell is asking the American public for patience while the central bank figures out the best time to start cutting interest rates. He does, though, expect at least one drop this year.

 Investors hoping for imminent rate cuts by the Federal Reserve received a sobering reminder of the U.S. central bank’s focus on fighting inflation, after Chairman Jerome Powell poured cold water on bets policymakers would lower borrowing costs in March.

Policy makers at the Federal Reserve think they have finished the series of interest-rate increases that began in March 2022, but they’re far from certain.

The timing and pace of any changes to interest rates this year will depend on the economic data, Richmond Federal Reserve President Tom Barkin said Wednesday.

The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.

Investors are getting minutes from the Federal Reserve’s latest meeting a day early this week because of the Thanksgiving holiday.

Fed Chair Jerome Powell said he and his colleagues remain steadfast in getting policy in line with their 2% inflation goal, but “we are not confident that we have achieved such a stance.”

Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday.

The Federal Reserve may not cut interest rates until late 2024, Atlanta Fed President Raphael Bostic said Friday.

Federal Reserve Chairman Jerome Powell acknowledged recent signs of cooling inflation, but said Thursday that the central bank would be “resolute” in its commitment to its 2% mandate.

Oct 19 (Reuters) – Federal Reserve Chair Jerome Powell will take the podium in New York on Thursday with his colleagues at the U.S. central bank in apparent agreement to hold interest rates unchanged at their next meeting in two weeks but with still-great uncertainty about what happens after that.