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That's marks a sharp reversal from September, when the Fed cut rates for the first time since 2020, kicking off what was thought to be an easing cycle that would extend well into 2025.
When the Fed last issued its dot plot in September, the median forecast was for the fed funds rate to end 2025 in a range of 3.25% to 3.5%. Instead of the four rate cuts in 2024 projected back in ...
Prior to that, rate cuts happened during the Great Recession and a crash in the housing market over the 2007 and 2008 period. The first rate cut then happened in September of 2007, and this time ...
In an unscheduled meeting on August 17 the Fed "temporarily" reduced the spread between the primary credit rate and the federal funds rate to 50 basis points from the 100-point spread established in January 2002. Official statement, 2007-08-07, Official statement, 2007-08-10, Official statement, 2007-08-17. August 7, 2007 5.25% 6.25% 10–0
Historic period for the Fed. ... the Fed started raising interest rates. From March 2022 to July 2023, the central bank raised interest rates 11 times to bring it to a range of 5.25% to 5.5% ...
The unemployment rate has risen modestly since the Fed began aggressively raising rates in March of 2022, but at 4.2% remains below the national long-run average and right at the level the median ...
The Federal Reserve cut interest rates the second time this year, cutting its benchmark lending rate by a quarter percentage point as they extend efforts to keep the US economic expansion on solid ...
The Fed's next move on interest rates will likely be a game-time ... the traditional 10-day blackout period began. ... think the Fed should stop raising interest rates until there is ...