Fed Officials Cite Job Risks as Justification for Rate Cut as Debate Shifts to Easing Pace
WASHINGTON – On Monday, U.S. Federal Reserve policymakers said their large half-point rate cut last week was meant to try […]
US Economy
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Fed Rate Cuts Will Put Money in Pockets, but Mood Shift May Take Time
WASHINGTON – Even before the Federal Reserve approved its outsized half-percentage-point interest rate cut last week, financial markets had begun
Fed Rate Cuts Will Put Money in Pockets, but Mood Shift May Take Time Read More »
Fed’s Kashkari Calls 50 bps Rate Cut a “Right Decision” Amid Inflation Progress
On Monday, Federal Reserve Bank of Minneapolis President Neel Kashkari said he supported the U.S. central bank’s recent interest rate
Fed’s Kashkari Calls 50 bps Rate Cut a “Right Decision” Amid Inflation Progress Read More »
Fed’s Bowman Says Dissent on Large Rate Cut Based on Above-Target Inflation Data
WASHINGTON – On Friday, Federal Reserve Governor Michelle Bowman said she dissented over the U.S. central bank’s half-percentage-point interest rate
Fed’s Bowman Says Dissent on Large Rate Cut Based on Above-Target Inflation Data Read More »
US Inflation Data Cemented Big Cut for One Fed Official, Dissent for Another
WASHINGTON – Federal Reserve officials, in their first public comments since the U.S. central bank cut interest rates by half
US Inflation Data Cemented Big Cut for One Fed Official, Dissent for Another Read More »
Fed to Cut Rates by 25bps in November and December, Poll Shows
BENGALURU – The U.S. Federal Reserve will cut the federal funds rate by 25 basis points in both November and
Fed to Cut Rates by 25bps in November and December, Poll Shows Read More »
Trump Decries Fed’s Rate Cut as a ‘Political Move’
WASHINGTON – On Thursday, Donald Trump, the Republican presidential candidate, said the U.S. Federal Reserve’s decision to cut interest rates
Trump Decries Fed’s Rate Cut as a ‘Political Move’ Read More »
Fed’s Big Cut May Have Been Closer Call Than Lone Dissent Suggests
WASHINGTON – The Federal Reserve’s big bang start on Wednesday to what’s expected to be more interest-rate cuts this year
Fed’s Big Cut May Have Been Closer Call Than Lone Dissent Suggests Read More »
US 30-Year Fixed-Rate Mortgage Falls to 6.09%
WASHINGTON – U.S. mortgage rates dropped to the lowest level in more than 1-1/2 years this week and could fall
Ex-Kansas City Fed Chief Sees Renewed Inflation Risk After Large Rate Cut
The U.S. central bank’s decision to cut interest rates by half a percentage point leaves open the risk of a
Ex-Kansas City Fed Chief Sees Renewed Inflation Risk After Large Rate Cut Read More »
Fed Finally Joins Global Rate-Cutting Cycle with Bold Half-Point Reduction
LONDON – The U.S. Federal Reserve has joined a global easing cycle with a larger-than-anticipated half-point interest rate reduction. Seven
Fed Finally Joins Global Rate-Cutting Cycle with Bold Half-Point Reduction Read More »
US Current Account Deficit Soars to Two-Year High in Q2 Amid Surge in Imports
WASHINGTON – The U.S. current account deficit widened sharply in the second quarter, reaching its highest level in more than
US Current Account Deficit Soars to Two-Year High in Q2 Amid Surge in Imports Read More »
US Weekly Jobless Claims Hit Four-Month Low; Housing Market Remains Weak
WASHINGTON – The number of Americans filing new applications for unemployment benefits dropped to a four-month low last week, pointing
US Weekly Jobless Claims Hit Four-Month Low; Housing Market Remains Weak Read More »
US Holiday Sales to Grow 3% This Year, Mastercard Forecasts
U.S. retail sales are expected to rise 3.2% in the holiday season as companies look to deals to attract thrifty
US Holiday Sales to Grow 3% This Year, Mastercard Forecasts Read More »
Biden Expects Fed Will Continue to Cut Interest Rates
WASHINGTON – On Thursday, U.S. President Joe Biden said he expects the Federal Reserve to continue cutting interest rates and
Biden Expects Fed Will Continue to Cut Interest Rates Read More »
Fed Might Have Cut Rates at July Meeting, Powell Says
WASHINGTON – The U.S. central bank might have begun cutting interest rates in late July had it known that the
Fed Might Have Cut Rates at July Meeting, Powell Says Read More »
Fed Policymakers Forecast Year-End Policy Rate at 4.4% as Inflation Approaches Target
WASHINGTON – U.S. central bankers think they’ll need to lower interest rates to a range of 4.25%-4.50% by year-end, more
Fed Policymakers Forecast Year-End Policy Rate at 4.4% as Inflation Approaches Target Read More »
US Rate Futures Suggest More Easing This Year After Fed’s 50-Bps Cut
NEW YORK – Futures on the federal funds rate, which measures the cost of unsecured overnight loans between banks, priced
US Rate Futures Suggest More Easing This Year After Fed’s 50-Bps Cut Read More »
Fed Takes Bold Step with 50 Bps Rate Cut, Cites ‘Greater Confidence’ About Inflation
WASHINGTON – On Wednesday, the U.S. central bank kicked off an anticipated series of interest rate cuts with a larger-than-usual
Fed Takes Bold Step with 50 Bps Rate Cut, Cites ‘Greater Confidence’ About Inflation Read More »
Fed Cuts Rates by 50 Bps in First Easing Since Pandemic Hit
The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to
Fed Cuts Rates by 50 Bps in First Easing Since Pandemic Hit Read More »
US Single-Family Homebuilding Surges in August, but Rising Supply Could Curb Momentum
WASHINGTON – U.S. single-family homebuilding rebounded sharply in August, but a moderate increase in building permits suggested that the momentum
US Single-Family Homebuilding Surges in August, but Rising Supply Could Curb Momentum Read More »
US 30-Year Mortgage Rate Hits Two-Year Low at 6.15%
The interest rate for the most popular U.S. home loan fell last week to its lowest level in two years,
US 30-Year Mortgage Rate Hits Two-Year Low at 6.15% Read More »
Fed Rate-Cutting Cycle Could be Shallower Than Expected
NEW YORK – As the U.S. Federal Reserve begins its much-anticipated rate-easing cycle on Wednesday, interest-rate cuts in the months
Fed Rate-Cutting Cycle Could be Shallower Than Expected Read More »
What Does a Fed Rate Cut Mean for American Households?
The Federal Reserve is set to cut U.S. short-term borrowing costs on Wednesday, a watershed moment that should start to
What Does a Fed Rate Cut Mean for American Households? Read More »
