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Federal Reserve cuts key rate for first time this year

Federal Reserve cuts key rate for first time this year

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The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the …
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Fed holds rates steady

Fed holds rates steady

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The Federal Reserve again ignored Trump's call for immediate rate cuts. Chair Jerome Powell said it would hold rates steady as tariff uncertainty…
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Federal Reserve still sees rate cuts in 2024

Federal Reserve still sees rate cuts in 2024

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Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024 despite signs that inflation w…
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Fed no longer forecasting US recession, Chair Powell says

Fed no longer forecasting US recession, Chair Powell says

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The Federal Reserve raised interest rates by a quarter of a percentage point, citing still elevated inflation as a rationale for what is now the high…
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Fed chair says, future rate hikes a 'good guess'

Fed chair says, future rate hikes a 'good guess'

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Further Federal Reserve rate increases are ‘a pretty good guess’ of where the central bank is heading if the economy continues in its current directi…
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Powell says inflation risks remain as Fed pauses hikes

Powell says inflation risks remain as Fed pauses hikes

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Federal Reserve Chairman Jerome Powell said it is too soon to say inflation will continue to retreat. The Fed kept interest rates unchanged but signa…
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Fed signals it might pause interest rate hikes

Fed signals it might pause interest rate hikes

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Federal Reserve Chair Jerome Powell said even though economic data showed stubborn inflation pressure, the turmoil in the banking sector could result…
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Fed needs independence to fight inflation, says Powell

Fed needs independence to fight inflation, says Powell

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The Fed’s independence from political influence is central to its ability to battle inflation, Chair Jerome Powell said in remarks to a forum on cent…
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Fed affirms readiness to slow pace of rate hikes

Fed affirms readiness to slow pace of rate hikes

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Officials at the Federal Reserve agreed the U.S. central bank should slow the pace of its interest rate increases, allowing them to continue increasi…
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‘Inflation is much too high’ - Powell announces rate hike

‘Inflation is much too high’ - Powell announces rate hike

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The Federal Reserve raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years.
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Federal Reserve warns Ukraine invasion will boost inflation

Federal Reserve warns Ukraine invasion will boost inflation

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Federal Reserve Chair Jerome Powell warned Thursday that Russia's invasion of Ukraine, which has already driven up oil prices, will likely furthe…
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