The Fed shaved borrowing costs by 0.25 percentage points, or half the size of its September reduction, according to its Thursday statement. That brings down the federal funds rate — the interest ...
The Federal Reserve lowered interest rates Thursday by a quarter of a percentage point as inflation continues to cool, but a cloudy economic outlook after Donald Trump was elected again could make ...
Knowing the Fed's plans can help plot your course for the next 12 months. The Federal Open Market Committee is meeting today, tomorrow, and again in December. After making a larger half-percent ...
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The Fed has two official goals: Central bankers are supposed to control inflation and maintain a strong labor market. That means that when inflation is rapid, as it was from 2021 to 2023 ...
(CNN) — Inflation has slowed further and is just a hair’s breadth from the Federal Reserve’s 2% target. The Personal Consumption Expenditures price index, which is the Fed’s preferred ...
At their last meeting Sept. 18, Fed officials reduced the central bank’s main interest rate to 4.8%, from a two-decade high of 5.3%, and penciled in two more quarter-point rate cuts in November ...
But if the Fed veers from that steady pace, it likely would be to reduce rates less sharply to ensure inflation keeps falling, economists say. That may defy some forecasters’ view that the ...
That is barely above the Fed's 2% inflation target and in line with readings in 2018, well before prices began surging after the pandemic recession. Yet some signs of inflation pressures remained.
Investors will be listening closely Thursday afternoon to comments from Fed Chair Jerome Powell at his traditional post-meeting press conference for any clues on the pace of future rate cuts ...
The Federal Reserve's November monetary policy meeting concludes tomorrow. All bets are that the Fed will proceed with a 0.25% reduction of the federal funds rate, its second cut in over four years.