U.S. Interest Rate

Recent inflation data indicate the central bank may need more time to feel comfortable lowering interest rates, Fed Chair Powell said during a panel discussion at the Wilson Center in Washington alongside Bank of Canada Governor Macklem. “The recent data have clearly...

The Federal Reserve does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%, minutes from the FOMC meeting in March showed. Policymakers generally noted their uncertainty...

The Federal Reserve left the fed funds rate steady at a 23-year high of 5.25%-5.5% for a fifth consecutive meeting in March 2024, in line with market expectations, but signaled that it still plans three rate cuts before the end of the year. Policymakers added that...

The fed funds rate is likely at its peak for this tightening cycle and it will likely be appropriate to begin dialing back policy restraint at some point this year, although only when there is greater confidence that inflation is moving sustainably toward 2%, prepared...

Fed policymakers judged that the policy rate was likely at its peak for this tightening cycle, but generally noted that they did not expect it would be appropriate to reduce it until they had gained greater confidence that inflation was moving sustainably toward 2%,...

Next week, investors' attention will turn to the FOMC minutes release, with traders scrutinizing any insights on when the Federal Reserve will start cutting interest rates. Simultaneously, the flash S&P Global US PMIs will offer an assessment of this month's...

The Federal Reserve kept the Fed funds rate unchanged at a 23-year high of 5.25%-5.5% for a fourth consecutive meeting in January 2024, in line with expectations. Policymakers added that they do not expect it will be appropriate to reduce the rates until they have...

With economic activity and labor markets in good shape and inflation coming down gradually to 2 percent, there is no reason for the Fed to move as quickly or cut as rapidly as in the past, Governor Christopher J. Waller said in prepared remarks for his appearance at...

Fed policymakers viewed the policy rate as near its peak for this tightening cycle, though they noted that the actual policy path will depend on how the economy evolves, minutes from the last FOMC meeting in December 2023 showed. Almost all participants indicated that...

The Federal Reserve kept the fed funds rate steady at 5.25%-5.5% for a third consecutive meeting in December 2023, in line with expectations but indicated 75bps cuts in 2024. Policymakers said that recent indicators suggest that economic growth has slowed and job...