Tag: #Fed

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.

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.