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Powell Tells Congress Why Fed Won't Cut Rates Now

Fed Chair Jerome Powell holds firm on interest rates, resisting pressure to cut

Federal Reserve Chair Jerome Powell, who is testifying before Congress this week, said tariffs are "likely to push up prices."

The New York Times · 3d

Powell Reiterates Fed’s Wait-and-See Approach Before Cutting Rates

The Fed chair told lawmakers that the central bank could afford to be patient amid uncertainty about how President Trump’s policies would affect the economy, even as divisions between officials emerged.

The Associated Press on MSN · 2d

Fed Chair Jerome Powell says rate cut is on hold even as Trump demands cuts

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday, a stance directly at odds with

1hon MSN

Big banks all pass the Federal Reserve’s stress tests, but the tests were less vigorous this year

All the major banks passed the Federal Reserve’s annual “stress tests” of the financial system, the central bank said Friday, ...

Wall Street Journal11mon

What the Fed's Rate Moves Mean for Your Money - The Wall Street Journal

Fed policymakers at their July meeting opted to hold the federal funds rate at 5.25% to 5.50% and indicated that inflation is nearing a level where they would be comfortable cutting rates.

USA Today7mon

What another Fed rate cut would mean for consumers - USA TODAY

When the Fed concludes its policy meeting on Thursday, most economists expect the Fed to trim its short-term benchmark fed funds rate by a quarter percentage point to between 4.50% to 4.75%.

CBS News7mon

The Federal Reserve made a rate cut decision today. Here's the impact on your money. - CBS News

Despite the Fed's September cut, mortgage rates have increased over the last month, with the average interest rate on a 30-year fixed-rate loan sitting at about 6.72%, according to Freddie Mac ...

Morningstar11mon

A September Fed Rate Cut Looks Likely. Then What?

More Fed Rate Cuts To Follow. Markets are now projecting three cuts in 2024, taking the federal-funds rate down to 4.50%-4.75% by December. Markets expect a further four cuts in 2025, ...

USA Today6mon

Fed trims interest rate by quarter point, predicts just 2 cuts in 2025 - USA TODAY

The Fed trimmed a key interest rate by a quarter percentage point, its third straight rate cut. But it forecast fewer 2025 cuts amid inflation uptick. $3,500 iPhone possible?

AOL2d

When’s the next Federal Reserve meeting? What to expect — and how it affects your finances - AOL

The Fed meets 8 times a year to set monetary policy that affects how Americans borrow and save. Here's when its rate-setting committee meets next — plus a recap of past meetings.

fox6now1mon

Fed rate and tariffs: Why interest is unchanged again, and what it means for you - FOX6 News Milwaukee

Despite the Trump administration’s push for a rate cut, The Fed announced Wednesday it’s holding steady – and the president’s tariffs were a big deciding factor.

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