U.S. Federal Reserve Governor Christopher Waller says multiple rate cuts are possible in the first half of the year.
With healthy hiring and some progress on inflation, Fed official have said that the pace of rate cuts will slow this year.
Fears of elevated interest rates dampened the mood on Wall Street at the start of this year–but cooling core inflation and dovish comments by Federal Reserve governor Christopher Waller have given investors reason to feel a bit more cheerful this week.
Outside of a U.S. President bending norms, the Fed also faces challenges in achieving its economic objectives. Inflation remains above its 2% target: Its preferred measure is at 2.4%, though core prices — considered a better gauge of where inflation is headed — rose 2.8% in November from a year ago.
A desire for low rates confronts a very different economic backdrop—with higher price pressures—from his first term.
The Federal Reserve left its key interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is head
The Federal Reserve is expected to keep its key interest rate unchanged this week, despite Donald Trump's calls for cuts.
Bond market and fiscal challenges: Long-term interest rates, Malanga argues, hinge less on monetary policy and more on expectations of unchecked deficits and debt. He suggests that fiscal reforms, like controlling government spending, are critical to stabilizing the bond market.
The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to
As was expected, the FOMC announced it would hold its federal funds rate target at 4.25-4.5 percent. This ended the three-meeting rate cut streak that began in September 2024. Read more here
Policymakers said they “will carefully assess incoming data, the evolving outlook, and the balance of risks” in determining future rate decisions.
Officials cut rates at their previous three meetings before taking a pause.