News list for " said the Federal Reserve"
Powell said the Fed would continue to "work quietly" and was committed to maintaining its independence. In addition, there is still uncertainty about the impact of the new administration on monetary policy. Could a rate cut in March be a bit hanging in the balance?
The Fed still appears to have room for further policy readjustment to avoid the labor market cooling beyond its comfort point without reigniting inflation, Wells Fargo said. "The Fed is expected to cut interest rates by 25 basis points, with risks favoring the FOMC to keep rates on hold. Recent signs of funding stress lead us to expect the Fed to discuss the current pace of quantitative tightening (QT) at its November meeting. QT is expected to end in Quarter 1, 2025. I wouldn't be surprised if ...
Capital Economics analyst Paul Ashworth said in a note that the Fed is likely to continue cutting interest rates by 25 basis points until the federal funds target rate falls to a range of 3% -3.25%. This would be higher than the widely expected end point rate of 3.25% -3.5% or higher, according to CME data. Ashworth expects the Fed to cut rates by 25 basis points in November, which is also the loudest of market expectations, although the odds of keeping rates on hold in November have risen to 22...
Former US President Donald Trump said the Federal Reserve's interest rate cut was motivated by political considerations.
Federal Reserve Chairperson Jerome Powell said the central bank remains firmly focused on its dual mandate goals; the U.S. economy is generally strong; the labor market has cooled from its previous overheating; and the central bank is committed to keeping the economy strong.
