Tag: #Fed

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.

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.