Live Updates: Fed Holds Rates, Noting ‘Lack of Further Progress’ on Inflation

The Federal Reserve left interest rates unchanged and Jerome H. Powell, the central bank’s chair, said that gaining greater confidence in bringing down inflation would “take longer than previously ... Read More

The Fed might not be done raising interest rates just yet

Kashkari is not voting on monetary policy decisions this year. Like Bowman and Kashkari, New York Fed President John Williams said rate hikes aren ... central bank to be patient with cutting ... Read More

Federal Reserve Takes Cautious Stand On Inflation, Powell Signals Preference For Rate Cuts Over Hikes

Federal Reserve Chairman Jerome Powell‘s Wednesday remarks hint at a more patient and cautious approach to monetary policy, suggesting interest rates may hold steady longer than anticipated. During ... Read More

The Fed's Latest Decision on Interest Rates Is Great News for Savers. Here's Why

And the Federal Reserve has been trying its best to cool that rampant inflation.In 2022 and 2023, the central bank implemented a series of interest rate hikes that drove the cost of borrowing up. The ... Read More

Stocks surge as Fed Chair Jerome Powell signals further rate hikes ‘unlikely’

Traders have sharply downgraded their expectations since 2024 began, when they had expected up to six rate cuts. Read More

Fed Holds Interest Rate Steady To Fight Still-Too-High Inflation

Members of the central bank’s policy committee voted unanimously Wednesday to hold the crucial fed funds rate at its current high level to fight inflation that's still running too hot for comfort. Read More

Federal Reserve should ‘be patient’ before cutting rates, Schmid says

The Fed has ... when policy should remain restrictive.” However, he added, the balance sheet is still too large “and continues to put downward pressure on long-term interest rates.” ... Read More

The Fed’s Rate Pause Is Good News for Savers. Here’s Why

Savings account and CD rates remain high following the Fed's latest decision. Find out what that means for your savings. Read More

Inflation Still Too High for Fed to Cut Interest Rates, Schmid Says

NEW YORK (Reuters) - Kansas City Federal Reserve President Jeff Schmid said on Friday the U.S. central bank should not be weighing ... of the aggressive Fed rate hikes, which have pushed the ... Read More

Fed leaves rates unchanged, flags 'lack of further progress' on inflation

The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation ... Read More