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The FOMC made another unusually large cut, slashing 75 basis points off the federal funds rate in response to turmoil in the markets and the collapse of Bear Stearns. Despite some predicting an even larger 100 basis point cut, the markets rallied in response. Fisher and Plosser dissented, preferring a smaller cut. Official statement: March 16, 2008
In the span of just about a year and a half, the Federal Open Market Committee (FOMC) lifted interest rates 11 times, bringing its key federal funds rate to a target range of 5.25-5.5 percent ...
The unemployment rate dipped to 4.1% from 4.2%, also beating expectations. "Given a resilient labor market, we now think the Fed cutting cycle is over," BofA predicted. Economic activity is robust.
The Federal Reserve held its benchmark rate steady at its first policy meeting of 2025 as it takes a pause after 2024’s three rate cuts, which included a half-point reduction in September and ...
The Fed has mostly tamed the inflation surge from 2022, which is why it was cutting the federal funds rate (the overnight interest rate it charges banks) at the end of 2024.
Citi sees the Fed slashing rates from 5.25%-5.5% now to 3.25%-3.5% by July 2025. The Fed could slash rates by 200 points over 8 straight meetings as the economy heads for a sharper downtrend, Citi ...
The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s ...
With the Federal Reserve's preferred inflation measure dropping to 2.1% last month, just shy of the Fed's 2% goal, the central bank is easing off the brakes it applied when inflation hit a 40-year ...