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The traders' bets are now predicting there's little chance the Fed will lower interest rates at the end of the next meeting on June 18. That means Americans won't see short-term interest rates ...
Rather than a panicky response to a crisis situation, the decision amounted to the Fed’s taking out some insurance to protect the labor market from weakening too much. In a barrage of attacks on ...
The Fed said it will maintain the federal funds rate at its current range of 4.25% to 4.5%, where it's been parked since the central bank last moved to lower short-term rates in December.
Rates have been there since December after a series of cuts in the second half of 2024. The Fed gathered at a highly volatile moment for the economy and the global financial system amid an ...
“If the large increases in tariffs that have been announced are sustained, they’re likely to generate a rise in inflation, a slowdown in economic growth, and an increase in unemployment ...
At a news conference, he used some version of the word “wait” 22 times to underscore how the Fed isn’t in a rush. “The costs of waiting to see further are fairly low, we think, so that’s ...
In a post-meeting press conference, Fed Chair Jerome Powell emphasized that the US economy is currently healthy but that tariffs will materially affect its trajectory. • For that reason ...
WSJ’s Nick Timiraos and former Fed Vice Chairman Richard Clarida explain how much influence the White House has over the central bank. Photo Illustration: Rio Roye and Annie Zhao ...
WSJ’s Nick Timiraos and former Fed Vice Chairman Richard Clarida explain how much influence the White House has over the central bank. Photo Illustration: Rio Roye and Annie Zhao The Federal ...
“We are hearing more reports from businesses and others that consumers are starting to pare back some of that consumer spending,” New York Fed President John Williams said in an interview with ...
WASHINGTON, May 4 (Reuters) - U.S. President Donald Trump said he will not remove Jerome Powell as Federal Reserve Board chairman before his term ends in May 2026 while describing the central ...