Chicago Federal Reserve Bank President Austan Goolsbee said interest rates would be lowered by a “fair amount” next year in ...
The benchmark interest rate helps determine loan payments for everything from credit cards to mortgages. Even after recent cuts, the Fed's interest rate remains at a historically high level of between ...
The central bank is widely expected to make its third interest-rate cut of 2024 Wednesday, at its last meeting of the year.
The Federal Reserve finished its two-day meeting Wednesday with an interest-rate cut. Here is a rundown of the meetings for 2025: Jan. 28-29 March 18-19 May 6-7 June 17-18 July 29-30 Sept. 16-17 Oct.
The projections are a snapshot of individual committee members' best guesses on the future of unemployment, inflation and ...
The U.S. Federal Reserve’s Open Market Committee voted 11 to 1 to cut its benchmark rate by 0.25% on Wednesday, but the ...
The Federal Reserve cut interest rates by a quarter point, its third reduction this year, but suggested only two more ...
In a significant revision, the Fed changed its statement to say it will consider "the extent and timing" of additional moves to its policy interest rate. Prior statements only mentioned that the Fed ...
Why did the Fed's inflation forecast for 2025 rise so much? And why did it sharply scale back planned rate cuts? Part of the reason is the risk of President-elect Trump's tariffs and other policies ...
The stock market is coming off a sluggish week. The Dow lost 1.8% last week and has lost ground in each of the last seven sessions. The S&P 500 dipped 0.64%, and has retreated in four of the past five ...
Federal Reserve officials say they are likely to keep reducing interest rates for now, and investors still expect them to do so at the U.S. central bank's Dec. 17-18 meeting. But how far they will ...
A tech rally pushed the major indexes to new highs last week as the latest economic data releases did little to shake investor confidence that the Federal Reserve will cut interest rates at its ...