The Federal Reserve is widely expected to keep its key federal funds interest rate unchanged at about 5.5% this week, as it continues to fight persistent inflation in the economy. That rate has been in place since July and has led to a surge in the cost of borrowing. The Fed's actions are part of a long-standing monetary practice with a simple goal. By making it more expensive to borrow money, whether through loans, credit cards or other financial tools, people and businesses will spend less...
Mortgage interest rates rose last week for the first time in three weeks.
Inflation fell sharply last year but progress has stalled in recent months.
The Fed Funds rate remains between 5.25% and 5.5%, matching its highest level since 2001.
Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024 despite signs that inflation stayed surprisingly high at the start of the year. Yet they foresee fewer rate cuts in 2025, and they slightly raised their inflation forecasts. After ending their latest meeting, the officials kept […]
Inflation has eased over the last year but remains elevated, the central bank says.
Fed officials, who have a dual mandate to maintain price stability and maximum employment, are widely expected to leave rates unchanged at a two-decade high for a fifth month at next week’s meeting
The IDX Composite declined by 0.08 percent to 7,331.13 at the market close on Wednesday as BI finally announced that it would keep the interest rate at 6 percent.
The BOJ announced on Tuesday that it would raise its short-term interest rates to approximately 0% to 0.1% from -0.1%, marking the first rate hike since 2007. read more
The US Federal Reserve began two days of discussions on Tuesday at which
Rates to stay at 25-year high of 5.25% to 5.5% as central bank says ‘inflation has eased over the past year but remains elevated’The Federal Reserve announced on Wednesday that it would leave US interest rates at a 25-year high as it continues to assess their impact on cooling inflation and the wider economy.After a two-day meeting, the Fed announced rates would be unchanged at 5.25% to 5.5%, where they have been since July. But the Fed signaled it still expects to cut rates three times this...
The Federal Open Market Committee's March projections for rate cuts shows a median Federal funds rate of 4.6% in 2024, versus 5.25%-5.50% today.