Neither Presidents Kashkari or Daly—nor Governor Cook—dissented at the July meeting. With Governor Chris Waller and FOMC ...

The dollar index (DXY00) on Wednesday fell by -0.61% to a 1-week low. Hawkish comments from ECB Governing Council member ...

Minneapolis Fed President Kashkari is shifting dovish. Goldman Sachs warns of economic stall and predicts multiple rate cuts ...

The US Dollar Index (DXY), which measures the value of the US Dollar against six major currencies, is extending its losses for the second consecutive day and trading around 98.10 at the time of ...

Minneapolis Fed President Kashkari supports two cuts this year, citing a slowing economy and cooling labor market.

If the bad news is swift and severe, then the Fed will have to scramble. “We do see a growing risk that the first move is larger, i.e. 50 basis points, because we think the Fed at that point may ...

But the minutes showed only narrow support for a near-term reduction in borrowing costs among the Fed’s 19 policymakers, with “some” policymakers feeling that no rate cut would be needed at all.

Median forecasts from the central bank’s June meeting indicate Fed staff expect inflation to climb from 2.7% to 3.1% by December.

The Fed's benchmark interest rate is now in a range of 4.25% to 4.5%. Powell has said that this level of rates is holding down demand.

“The Fed starts cutting starting in the September meeting and probably one more by the December meeting, probably by half-a-percent,” he said. But it’s not a sure thing that the Fed cuts ...

The last time the Fed cut rates was in December 2024, when it trimmed its policy rate by 25 basis points. Waller warned that not easing this month could create issues down the road.