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The Federal Reserve is expected to stand pat on interest rates again amid tariff-related uncertainty despite President Trump's badgering to cut rates ...
The Federal Reserve held interest rates steady Wednesday between 4.25% and 4.5% – exactly as interest-rate traders' bets had predicted after the policy-making body's meeting in early May.
"We continue to expect that, with tariffs likely to generate a modest slowdown in GDP growth to around 1.5%, the Fed will leave interest rates unchanged for all of this year," he said in a report.
The site tracks interest rates paid on savings products offered to consumers. Schulz said savers who shop around can find plenty of offers involving one-year and five-year CDs with yields of 4% or ...
The benchmark interest rate has been at its current range since December. The Fed has held off on cutting rates since President Trump took office, citing uncertainty around the potential impact of ...
The next Fed meeting to discuss interest rates isn't until May. Trump looks forward to Powell's "termination" after Fed chairman warns of inflation as price changes occur due to tariffs.
However, the cuts were halted in January, with rates staying between 4.25 to 4.5% since then. Powell has attributed the economic uncertainty caused by Trump’s trade war as a reason for the pause.
Two-year note yield, which typically moves in step with interest rate expectations, fell 0.9 basis points to 3.974 per cent. The yield on benchmark U.S. 10-year notes rose 3 basis points to 4.469 ...
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