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Policymakers pointed to “considerable uncertainty” about the timing, size and duration of the tariffs’ potential effects on inflation, the minutes showed.
Interest rate cuts could mean the economy is in the clear after the spring’s recession fears—or the labor market suddenly collapsed.
Forecasters expect the Fed to have enough clarity about the impact of President Donald Trump's tariffs to start cutting interest rates in the second half of the year.
Check our interactive map to find today's 30-year mortgage rate average for any U.S. state. Right now, the cheapest states are New York and Massachusetts.
Federal Reserve Chair Jerome Powell ramped up his war of words with President Donald Trump on Tuesday, blaming the commander-in-chief’s tariffs for holding up interest rate cuts. Powell told a ...
The U.S. central bank would likely have begun cutting interest rates again if not for the plan to enact higher levies on imports, the Fed chief said.
Goldman Sachs on Monday raised its projection for U.S. interest rates in 2025 to three-quarter-point cuts because of muted tariff effects and labor market weakness.
Goldman Sachs now expects the Federal Reserve will make its next interest rate cut in September, and not December as previously thought, as tariffs have less of an inflationary impact than earlier ...
When asked on Tuesday about a possible interest rate cut at the Fed's meeting this month, Powell said, "I wouldn't take any meeting off the table or put any on the table.