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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 ...
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. The 30-year ...
The move, the Fed's third rate cut of the year, reduces the central bank’s target rate to between 4.25% and 4.5%. In its statement announcing the cut, the Fed now projects just two interest rate ...
The Fed has raised its target rate 11 times ... In California, year-to-date sales of existing single-family homes were up as of April. But while there were big gains in sales of homes priced at ...
At the end of its Federal Open Market Committee session on January 29, 2025, the Fed announced holding the federal funds target interest rate steady at a range of 4.25% to 4.50%.
The 30-year fixed-rate mortgage has risen every week since the Fed cut interest rates on Sept. 18, jumping from 6.2 percent to 7 percent in the week that ended on Nov. 7, according to Bankrate data.
The monthly increase marked a stark shift in the inflation data. On a six-month annualized basis, core-PCE now sits at 2.5%, up from the 1.9% level it occupied in the previous two reporting periods.
And those perceptions could continue to get worse the longer it takes the Fed get inflation back to its 2% target. Fed officials don’t expect inflation to reach 2% until 2026, according to their ...