Fed ready to cut rates despite doubts that it can offset coronavirus effect
In question is how much effect rate cuts will actually have amid a health emergency that threatens to reduce both supply and demand in the economy.
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Fed leaves key rate unchanged at low level amid global risks
The Federal Reserve sketched a mostly positive picture of the U.S. economy after its latest policy meeting. It also repeated its pledge to “monitor” the world economy, which may be held back in the coming months by China’s viral outbreak.
Fed leaves low rates alone, foresees no moves in 2020
In a sign of the Fed’s confidence about the economy, its latest policy statement dropped a phrase it had previously used that referred to “uncertainties” surrounding the economic outlook.
Fed likely to reinforce message of continued low rates
Persistently low inflation and steady if sluggish economic growth have led many Fed officials to rethink their view of the so-called “neutral rate.” This is the point at which the Fed’s key rate is believed to neither accelerate economic growth nor restrain it.
Trump summons Powell to discuss rates amid attacks on Fed
President Donald Trump tweeted Monday that his meeting with Federal Reserve Chairman Jerome Powell was “very good and cordial.”
Fed’s Powell sees steady growth, signals pause in rate cuts
Federal Reserve Chairman Jerome Powell expressed optimism about the prospects for the U.S. economy and said he expects it will grow at a solid pace, though it still faces risks from slower growth overseas and trade tensions.
Fed cuts rates for third time this year but signals pause
A statement the Fed released after its latest policy meeting removed a key phrase that it has used since June to indicate a future rate cut is likely.
Federal Reserve expected to cut rates but may offer little guidance
The Fed’s policymakers will likely frustrate anyone who is hoping for a clear signal about what they may do next. The central bank may prefer instead to keep its options open, economists say.
Fed expected to cut rates next week before hitting pause button
The Fed has already lowered rates twice this year, in July and September, not because officials forecast a steep downturn but because the risks of such a slump have mounted.
Uncertainties escalate for Fed as it weighs another rate cut
The Federal Reserve finds itself in an unusually delicate spot as it considers how much more to try to stimulate an economy that’s still growing and adding jobs but also appears vulnerable.
UPDATE: Divided Federal Reserve cuts key rate for second time this year
The Federal Reserve cut its key benchmark interest rate while saying it’s prepared to continue doing what it deems necessary to sustain the U.S. economic expansion.
With trade war a threat, Federal Reserve set to cut rates again
Several factors will influence the Fed’s decisions in the coming months on whether it needs to keep reducing borrowing rates to try to help sustain the U.S. economic expansion now in its 11th year.
Powell says Fed will aid economy but gives no clear hint on rates
Federal Reserve Chairman Jerome Powell had barely finished speaking to central bankers in Jackson Hole, Wyoming, before President Donald Trump escalated his attacks on the Fed, which he has repeatedly accused of keeping rates too high.
Fed trims rate by quarter point, signals potential for more cuts
The rate reduction was the first since December 2008, when the Fed dropped its benchmark effectively to zero as it battled recession and financial crisis.
Federal Reserve poised to cut rates for first time in decade
Under Chairman Jerome Powell, the Fed has faced pressure to ease credit since it raised its key rate in December for the fourth time in 2018 and hinted that additional rate increases were likely this year.
Payday lending industry gains upper hand in Statehouse fight
A Senate bill addressing subprime lending, which had a 69-page strip-and-insert amendment released the night before passing out of committee, is headed to the House.
Fed likely to send reassuring note of patience on rate hikes
With pressures on the U.S. economy rising, the Federal Reserve has been signaling that it’s in no hurry to resume raising rates after having done so four times in 2018.
Fed likely to keep rates on hold, sketch a bright outlook
With the economy strong, wages rising and unemployment at a near-five-decade low, the Federal Reserve remains on track to keep raising interest rates — just not this week.
Trump steps up Fed pressure with ‘gone crazy’ jab after market sell-off
President Donald Trump slammed the Federal Reserve as “crazy” for its interest-rate increases this year in comments hours after the worst U.S. stock market sell-off since February.
Fed raises rates for third time this year with one more hike expected
The Federal Reserve on Wednesday lifted its short-term rate for the eighth time since late 2015, and the Fed indicated that it expects to continue gradual increases.