Search results
Results from the WOW.Com Content Network
At the conclusion of its first rate-setting policy meeting of the year, on January 29, 2025, the Federal Reserve announced it was leaving the federal funds target interest rate at 4.25% to 4.50% ...
The Federal Reserve kept its thumb squarely on the pause button at this week’s meeting. That’s good news for your bank accounts, since another rate cut would probably mean a lower return on ...
A reporter listens as U.S. Federal Reserve Chair Jerome Powell answers a question during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy ...
Many experts originally expected a 0.50 percentage point increase this week, and Federal Reserve Chair Jerome Powell said at the May meeting that the agency was not considering a 0.75 hike.
Consumer prices averaged 2.9% higher in December than the same period a year earlier — an annual rate that has hovered for months above the Fed’s 2% target.
Fed officials have stressed that they need to sharply raise rates to tame inflation, which reached 8.2% in September from 12 months earlier, barely below a 40-year high.
The Fed cut its federal funds rate — the interest rate banks charge each other for short-term loans — by 0.25 percentage points, lowered the rate to a range of 4.25% to 4.5%, down from its ...
Why did the Fed increase the interest rate? ... The unemployment rate rose from 4.1% to 4.2% last month, Barclays noted. And average yearly wage growth held firm at 4%, down from 5.9% in early ...