Data from the CME Group on Friday showed raised odds the federal funds rate will fall to 3.00% to 3.25%, down from 4.25% to 4.50% where it is currently.
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President Trump wants action from the Fed, but one bank president says April 2 has only delayed their cutsPresident of the Richmond Fed, Tom Barkin, hinted that confidence the FOMC needs to cut rates further has been hindered by President Trump's tariff policy.
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Chicago Federal Reserve Bank President Austan Goolsbee said he expected interest rates to be "a fair bit lower" in 12-18 months but added that it may take longer than anticipated for the next cut because of economic uncertainty,
The Federal Reserve sets the federal funds target rate, also known as the fed funds rate, which is the interest rate at which commercial banks lend to each other overnight. Below, CNBC Select ...
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
Federal Reserve Vice Chair Philip Jefferson said interest rates remain well positioned to handle competing risks despite a high degree of uncertainty in the economic outlook amid substantial changes to US policies on trade,
The Fed is seen cutting rates again by midyear, while Hong Kong banks may lower the prime rate by 0.125 percentage points Hong Kong's de facto central bank kept its key interest rate unchanged in lockstep with the US Federal Reserve,
Citi analysts believe the elevated tariffs will persist for at least the next few months, which is expected to raise inflation significantly. But a softening labor market will ultimately sway the Fed to lean dovish,
While the Fed does not set mortgage rates, its decision has a direct impact on them. As of March 13, the latest data made available by Freddie Mac, the 30-year fixed-rate mortgage was 6.65 percent, down 0.09 from a year earlier.
Federal Reserve Governor Adriana Kugler said it’s appropriate to keep interest rates unchanged until upside risks to inflation abate, pointing to government policy changes, the recent lack of progress on cooling price growth and rising inflation expectations.