‘Time has come’ to cut rates, Fed chair Jerome Powell says August 23, 2024 "The time has come for policy to adjust," Powell added, pointing to growing downside risks.
Federal Reserve: September rate cut ‘confirmed’ after latest releases August 22, 2024 A September rate cut looks nailed on after minutes from the US Federal Reserve’s last meeting, released last night, showed many rate-setters had considered a cut in July. Several members at the Fed’s last meeting thought there was a “plausible case” for cutting rates by 25 basis points given the progress on inflation and increases [...]
Crucial US inflation data rises slightly faster than expected as Fed ponders next rate move July 26, 2024 A crucial piece of US inflation data came in slightly hotter than expected last month as the Federal Reserve considers when to start cutting interest rates. Figures out today showed the core personal consumption expenditures (PCE) price index, which is the Fed’s preferred gauge of inflation, remained stuck at 2.6 per cent in June. This [...]
Central banks keep markets guessing on path of interest rates July 2, 2024 Investors looking for clear guidance on the path of interest rates received few firm commitments from top central bankers on Tuesday.
Fed’s Bowman ready to hike interest rates again if inflation disappoints June 25, 2024 A rate-setter at the Fed raised the possibility that rates could be raised again if progress on defeating inflation was not maintained.
Fed holds interest rates for seventh consecutive meeting after ‘modest’ progress on inflation June 12, 2024 At the turn of the year investors thought the cutting cycle would be well underway but now traders do not expect a cut until September.
US inflation comes in below expectations as prices remain flat in May June 12, 2024 The figures come ahead of the US Federal Reserve's latest interest rate decision, due this evening.
US economy smashes forecasts again with blockbuster jobs report June 7, 2024 The figures will be closely scrutinised by policymakers at the US Federal Reserve ahead of its latest interest rate decision next week.
Relief as US inflation finally comes in below expectations May 15, 2024 Stubborn inflation at the start of the year has forced markets to reconsider when the Fed is likely to start cutting interest rates.
Fed leaves interest rates on hold again as worries about inflation resurface May 1, 2024 The widely anticipated decision means the federal funds rate remains at a 23-year high, standing in a range of 5.25 to 5.50 per cent.