Fed Sticks with Quarter-Point Rate Cut
Citing slowing economic growth and a weakening job market, the Federal Reserve announced a quarter-point cut to its benchmark interest rate Wednesday.
Why the Fed Expects Fewer Rate Cuts Next Year
As expected, the central bank made a quarter-point cut in its benchmark interest rate Wednesday, but signaled fewer cuts in 2025 than previously predicted.
Top Fed Official Says December Rate Cut Depends on Data
A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view.
Fed Set to Cut Rates Again Amid Hazy Post-Election Outlook
No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year.
Boston Beginning to See Effects of Mortgage Rate Drops
With the Federal Reserve cutting its benchmark interest rate in September, the lower interest rates appear to have driven some increased market activity in Greater Boston.
Fed Chair Powell Only Pledges Small Future Rate Cuts
Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline but suggested they would occur at a measured pace intended to support a still-healthy economy.
Will the Fed Cut Rates Enough to Secure a Soft Landing?
Plenty of uncertainty still surrounds this week’s Fed meeting. How much will the policymakers decide to reduce their benchmark rate, now at 5.3 percent? By a traditional quarter-point or by an unusually large half-point?
Sluggish US Jobs Report Raises Question of How Much Fed Will Cut
Hiring by America’s employers picked up a bit in August from July’s tepid pace, and the unemployment rate dipped for the first time since March in a sign that the job market may be cooling but remains sturdy.
Fed Officials Now Predict Only One Rate Cut This Year
Federal Reserve officials said Wednesday that inflation has fallen further toward their target in recent months but signaled that they expect to cut their benchmark interest rate just once this year.
Last-Minute Inflation Data Could Help Determine Fed’s Timetable for Rate Cuts
The government’s latest snapshot of U.S. inflation will be released Wednesday morning, just before the Fed begins the second day of its policy discussions.
Fed Minutes: Policymakers See Longer Path to Rate Cuts
After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high.
Are Interest Rates High Enough to Beat Inflation? The Fed Will Take Its Time to Find Out
The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year.
Powell: Elevated Inflation Will Likely Delay Rate Cuts
“If higher inflation does persist,” he said, “we can maintain the current level of [interest rates] for as long as needed.”
March Inflation Reading Means ‘Bad News’ for Mortgage Rates
Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it weighs when and by how much to cut interest rates this year
When Will Fed Cut Rates? As Economy Flexes Muscles, Maybe Never
The Fed typically cuts only when the economy appears to be weakening and needs help. But with economic data looking strong – the commercial real estate sector aside – will its policymakers see a need to even cut at all?
Jamie Dimon Warns of Potential Interest Rate Spike
With some investors and economists questioning whether the Federal Reserve can make good on interest rate cuts this year, the JPMorgan Chase CEO warned of the possibility of rates rising to 8 percent or higher.
Fed Officials Caution Against Cutting Interest Rates Too Soon or Too Much
Several Federal Reserve policymakers warned Thursday against cutting U.S. interest rates too soon or by too much in the wake of recent data showing inflation stayed unexpectedly high in January.
Bank Economists Grow More Optimistic on Credit Conditions in Q1
While credit conditions are still expected to weaken compared to their strong position in the last few years, bank economists have come to view the situation with more optimism due to better economic growth.
In Interview, Powell Confirms Three Rate Cuts Likely
The Fed chair also reiterated that the central bank’s next meeting in March was likely too soon for a rate cut. Most economists think the first cut is likely to come in May or June.
Powell: Fed On Track to Cut Rates, Though Not for Months
Investors and some economists had been holding out the possibility that the Fed might cut as early as its next meeting in March. That now appears off the table.
