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Reuters FILE PHOTO: Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, speaks during an interview with Reuters in New York City, New York, U.S., May 22, 2023.
New rate projections released following the gathering showed 10 of 19 officials expected at least two rate cuts by year’s end. Seven policymakers, however, projected no cuts at all in 2025 ...
Each of the rate cuts is forecasted to be a 0.25% cut, which would take the Fed funds rate range down to 3.5% to 3.75% by the end of 2025.
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 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.
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 ...
Policymakers have kept the Fed rate at between 4.25% and 4.5% since December as inflation remains above its 2% target. The inaction has infuriated Trump, who has walked back threats to fire ...
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