Tag: #Fed

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.

Several Federal Reserve officials said at the bank’s September policy meeting that rates were likely “at or near their peak” and suggested that the focus shift to looking more at how long to keep its target for the fed-funds rate at restrictive levels.

ATLANTA, Oct 3 (Reuters) – Federal Reserve officials see rising yields on long-term U.S. Treasury debt as evidence their tight-money policies are working, but for now at least say they are not triggering alarm bells for the economy.

NEW YORK, Sept 27 (Reuters) – Federal Reserve Bank of Minneapolis President Neel Kashkari said on Wednesday it is not clear yet whether the central bank is finished raising rates amid ample evidence of ongoing economic strength.

The Federal Reserve’s latest Summary of Economic Projections, published Wednesday, delivered a message that was remarkably optimistic and fairly clear: Fed officials forecast that interest rates will stay above 5% through the end of next year, while unemployment will be lower and economic growth will be higher than previously expected. 

Inflation has come down quite a lot, but the battle is far from over, and the path ahead for the Federal Reserve is getting increasingly delicate.

The debate among top economists and Federal Reserve officials in recent weeks has subtly begun to shift from how high the central bank will be raising interest rates to how long it will be keeping them in restrictive territory.

U.S. Treasury yields climbed on Monday as investors braced themselves for comments from Federal Reserve officials and economic reports expected throughout the week.

Federal Reserve officials expressed concern at their most recent meeting about the pace of inflation and said more rate hikes could be necessary in the future unless conditions change, minutes released Wednesday from the session indicated.

Federal Reserve officials expressed concern at their most recent meeting about the pace of inflation and said more rate hikes could be necessary in the future unless conditions change, minutes released Wednesday from the session indicated.

Wall Street is betting that the Federal Reserve will pause its interest-rate increases in September, and traders will be scouring the minutes from the Fed’s July 25-26 meeting for clues on the central bank’s next move.

Minneapolis Federal Reserve President Neel Kashkari on Tuesday said that while the U.S. central bank has made some progress in its inflation fight, interest rates may still need to go higher to finish the job.

The Federal Reserve won’t meet to discuss interest rates until September, but officials have been talking about what their next move could be.

WASHINGTON, July 26 (Reuters) – The Federal Reserve is expected to raise interest rates by a quarter of a percentage point on Wednesday, marking the 11th hike in the U.S. central bank’s past 12 policy meetings and possibly a last move in its aggressive battle to tame inflation.

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The market is pricing 25 basis point hikes for the Federal Reserve and the European Central Bank, but economists will be closely scrutinizing communications on their future rate paths.

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U.S. bank regulators are readying the launch of proposed capital requirement changes on July 27 to bring the country’s rules in line with the international Basel III accords, Bloomberg reported.

The Federal Reserve will release the minutes from the June 13-14 Federal Open Market Committee meeting on Wednesday, July 5. They likely will focus on officials’ concerns that inflation is proving stickier than expected.