Inflation Won’t Hit the Fed’s Target in 2025. Interest Rates Will Drop Anyway.
Inflation—the Fed’s primary bugbear for most of the past four years—has come a long way. The year-over-year increase in the personal-consumption expenditures price index, wh
Fed's Goolsbee says pace of rate cuts may need to slow
Chicago Federal Reserve President Austan Goolsbee on Thursday reiterated his support for further interest rate cuts and his openness to doing them more slowly, remarks that underscore the U.S. central bank's debate that it's not about whether,
Here’s What CD Rates Looked Like the Last Time the Fed Funds Rate Was at This Level
CD rates typically follow the direction of the federal funds rate. Though unlike the last time the fed funds rate was 4.50%-4.75% in 2023, CD rates will go down, not up.
Fed’s Goolsbee Sees Rates a ‘Fair Bit Lower’ Over Next Year
Federal Reserve Bank of Chicago President Austan Goolsbee said he sees interest rates moving “a fair bit lower,” while expressing confidence inflation is easing toward the central bank’s objective alongside a solid labor market.
Federal Reserve’s likely slowdown in rate cuts could disappoint borrowers
In September, its officials predicted that they would reduce their benchmark rate four times next year, on top of three rate cuts this year. Yet that outlook has swiftly changed. Several surprisingly strong economic reports,
Fed's Goolsbee Expects Rates to Drop 'Fair Bit Lower,' Cautions on Slowing Cuts
Chicago Fed President Austan Goolsbee said Thursday he anticipates interest rates will end up considerably lower within the next year. He cautioned that the Federal Reserve may need to decelerate rate cuts
Fed survey finds inflation fading as a risk next to debt, trade wars
President-elect Donald Trump may have campaigned hard against high inflation, but by the time of his Nov. 5 election victory ...
'They are fed up': Dem mayor's office demands solution on key issue after voters sent 'resounding message'
In response to the Biden administration loosening key immigration restrictions, New York City Mayor Eric Adams sounded off on ...
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ECB Can Lower Rates Independent of Fed Moves, Villeroy Says
“The decisions we make at the ECB with Christine Lagarde are independent of those of the Fed,” the French central banker ...
Fed Plans to Review Its Approach Next Year
Depending on whom you ask, the Federal Reserve has done an admirable job of wrestling inflation back under control, or ...
The Fed should sell its 70s-era gold stockpile and buy bitcoin to establish a crypto reserve, Sen. Cynthia Lummis says
The US government already owns 203,000 bitcoin worth nearly $21 billion, which it acquired mainly through asset forfeitures.
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Trump’s Treasury Pick Wants Shadow Fed Chair, Maybe Weak Dollar
Scott Bessent, the veteran hedge fund manager who Donald Trump picked to become the next Treasury secretary, wants tariffs, a ...
Markets think the odds of a Fed pause in December are rising
Traders see 45% odds of a Fed pause in December, up from 17% last week as markets digest a win for Trump and cautious remarks ...
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The Fed Is Planning to Review Its Approach Next Year
Fed Chair Jerome Powell last week. (Shelby Tauber/Bloomberg News) Depending on whom you ask, the Federal Reserve has done ...
Fed Announces Details and Focus of Upcoming Framework Review
The Federal Reserve announced more details about its upcoming framework review Friday, including a specific focus on the ...