The Fed once again held interest rates steady given higher inflation reports, with investors now not expecting a rate cut until after the November election.
And at the conclusion of the Fed’s policy meeting on Wednesday, Powell said that inflationary persistence helped push the ...
Traders have sharply downgraded their expectations since 2024 began, when they had expected up to six rate cuts.
The Federal Reserve left interest rates unchanged for a sixth straight meeting and suggested that rates would stay high for ...
The Federal Reserve held interest rates steady Wednesday, as inflation remained stubbornly above the Fed's 2% target.
The best savings account and CD rates are still at or near 20-year highs. But where will they head from here? Here's what we ...
The FOMC said that 'in recent months, there has been a lack of further progress' on lowering inflation to the Fed's 2% goal.
After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year.
The Federal Reserve’s benchmark interest rate is staying put for now, but a handful of large banks are starting to trim the ...
While Fed Chair Jerome Powell said interest rate hikes are "unlikely," he needs more confidence in inflation data before ...
The Federal Reserve struck a dovish pose even as it kept interest rates unchanged for a sixth straight meeting.
Federal Open Market Committee (FOMC) members voted to leave the target range for the federal funds rate unchanged at between ...