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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 ...
The Fed’s economic projections for the rate next year changed from 3.4% in September to 3.9%, and the central bank revised its expectations for inflation from 2.1% to 2.5%, suggesting it sees a ...
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 Fed increased its previous forecast for US economic growth, with the economy expected to grow at an annualized pace of 2.1% next year before cooling to 2.0% in 2026 and 1.9% in 2027.
Just before the Fed announced a 50 basis point rate decrease on Sept. 18, the average credit card rate was 20.78 percent (1 basis point shy of a record set in August). It has since edged down to ...
The Fed on Wednesday lowered its benchmark rate by 0.50 percentage points, a critical pivot after the central bank introduced a flurry of rate hikes to tame the pandemic's high inflation.
Still, traders believe the economy remains strong enough that they have estimated the probability of the Fed's first rate cut happening in March at 6 1.5 % — down from a 73% likelihood a month ago.
The Federal Reserve is likely done cutting rates amid robust economic activity, BofA analysts say. They see a hike as a more likely than a cut at this point, and lay out what it would take to get one.