Fed officials seem split over future path for rate cuts
Fed's Daly sees one or two more interest rate cuts this year
San Francisco Federal Reserve Bank President Mary Daly on Wednesday said she "fully" supported the U.S. central bank's half-of-a-percentage-point interest-rate cut last month, and said one or two more rate cuts this year are likely if the economy evolves as she expects.
Federal Reserve's Collins expects more rate cuts amid confidence inflation is easing
Collins said that while core inflation pressures remain elevated, she is increasingly confident inflation is moving back to the Fed's 2% target.
Fed officials seem split over the future path for rate cuts: minutes
Federal Reserve officials agreed that more rate cuts were likely but seemed to be in two camps about the pace and the size of the moves, according to the minutes of the meeting. Some officials warned against lowering rates "too late or too little" because this risked harming the labor market.
Fed's Logan calls for 'gradual' rate cuts, says 'should not rush'
Dallas Federal Reserve Bank President Lorie Logan on Wednesday said she supported last month's outsized interest-rate cut but wants smaller reductions ahead, given "still real" upside risks to inflation and "meaningful uncertainties" over the economic outlook.
How will the Fed's rate cuts affect your retirement savings strategy?
But the Fed's recent rate cut, and any future rate cuts that come down the pike in the next year, should not influence your retirement savings strategy. Simply put, if you're still many years away from retirement, you should be putting the bulk of your savings into the stock market.
Minutes show a cautious Fed, economists say, with ‘little hurry to slash rates’
Minutes of the Fed’s Sept. 17-18 deliberations, published Wednesday afternoon, reveal a much more cautious central bank, economists said.
Federal Reserve officials saw future rate cuts reverting to slower pace
Federal Reserve officials signalled support for a gradual pace of interest rate reductions after September’s larger-than-usual half-point reduction, a record of the meeting showed. Minutes from the September meeting underscored that US central bankers were inclined to lower interest rates to a “neutral” setting that no longer crimps growth “over time”,
A "substantial majority" of Fed favored large cut in Sept, minutes show
A "substantial majority" of U.S. Federal Reserve officials at the central bank's September meeting supported beginning an era of easier monetary policy with an outsized half-point rate cut, but there appeared even broader agreement that the initial move would not commit the Fed to any particular pace of rate reductions in the future,
Fed minutes show big rate cut favored by ‘substantial majority’ with inflation slowing
A “substantial majority” of Federal Reserve officials at the central bank’s September meeting supported beginning an era of easier monetary policy with an outsized half-point rate cut. But there appeared even broader agreement that the initial move would not commit the Fed to any particular pace of rate reductions in the future,
New Zealand's central bank cuts cash rate 50 bps
Gold slides for fourth straight day as hopes recede for more U.S. rate cuts
Gold futures fell for the fourth straight session Wednesday, shedding 1.9% during the period, in the wake of an advancing ...
Hong Kong Property Market Shows Recovery Signs After Rate Cuts
Hong Kong’s slumping housing market has received a long-awaited boost from interest-rate cuts and a stock market rally.
Markets Project Smaller 2024 Interest Rate Cuts On Better Jobs News
With recent, stronger jobs data markets expect the remaining cuts of 2024 to be 0.25% moves as chance of 0.5% cut fades.
ECB's Stournaras Backs Two Quarter-Point Rate Cuts in 2024, FT Says
Stournaras, the governor of the Greek central bank, said inflation could be on the path to meet ECB's 2% target in the first ...
Why Wall Street's Hopes for Big Interest Rate Cuts Have Dimmed, and What's Next
Investors were once again resetting on Monday after last week's strong jobs report upended the market's predictions about how ...
STOXX 600 closes higher with focus on interest rate cuts, US data
European stocks settled higher on Wednesday, bouncing from losses in the previous session as investors focussed on upcoming ...
Rate cuts were supposed to push mortgage rates lower. The opposite has happened.
Friday's blockbuster jobs report reinforced the surprising increase in mortgage rates, since economic strength means less ...