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Fed Chair Jerome Powell is taking questions from journalists after the central bank held interest rates steady following three consecutive cuts at the end of 2024.
The Fed cut rates by half a point in September, marking the central bank’s first rate-reduction during a 2 1/2 year battle against inflation in the wake of the COVID-19 pandemic.
Today’s the day: The Federal Reserve is about to announce what it decided to do with interest rates at its November meeting. We already know what the Fed is likely to do: Cut interest rates by a ...
Powell, who is expected to serve out the rest of his term, indicated late last year that the Fed will likely reduce rates more slowly in 2025 amid a “new phase.” While 2024 saw…
Federal Reserve Chairman Jerome Powell is scheduled to speak with the media Wednesday afternoon following a two-day meeting of the Federal Open Market Committee (FOMC), the panel tasked with ...
Today Jerome Powell and his Fed committee kick off a two-day meeting that might, in theory, mark the beginning of a long-awaited reduction in America's base interest rate.
Investors view it as a near given that the U.S. Federal Reserve will cut interest rates by a quarter of a percentage point at its Dec. 17-18 meeting, with more attention focused on policymakers ...
When the Federal Reserve announces its latest policy decision on Wednesday, Wall Street expects the central bank will hold rates steady while retaining the option to further raise rates if needed.