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Fed officials see the fed funds rate falling to 3.9% in 2025. That’s still far from the desired target rate of 2%. BofA economists assess the risks for the next move by the Fed is skewed toward ...
The decision means the Federal Open Market Committee (FOMC) will keep its benchmark federal funds rate at 4.25-4.5 percent, a target range last seen in early 2023. Before then, rates hadn’t been ...
The Federal Open Market Committee (FOMC)’s decision means its key benchmark borrowing rate will now hold in a target range of 4.5-4.75 percent, the lowest since the spring of 2023.
Those longer-term interest rates have decoupled from the Fed, driven by a surge in the 10-year Treasury yield as investors brace for a stronger economic outlook and hotter inflation.
They expect bumpy, uneven monthly inflation readings on the path to their 2% inflation target. That was a point that Williams returned to Thursday, echoing recent comments from Fed Chair Jay Powell.
In any event, the rise in the inflation premium signals that the central bank may need to hold short-term rates high for an extended period. And any sign the Fed will remain tighter, for longer ...
Waller also said he thought the Fed's short-term rate, which is at 5.4%, the highest in 22 years, is likely high enough to keep inflation headed down to the central bank's 2% target.
Consumer inflation increased 0.1% in November and 3.1% over the last 12 months, following October's 3.2%, according to the Bureau of Labor Statistics' (BLS) Consumer Price Index (CPI), released ...