At the end of its Federal Open Market Committee session on January 29, 2025, the Fed announced holding the federal funds target interest rate steady at a range of 4.25% to 4.50%. It marks the ...
The Federal Reserve's Federal Open Market Committee (FOMC) declined to adjust interest rates after its first meeting of the year on Jan. 28 and 29, 2025. Starting in September, the FOMC lowered ...
CD rates are starting to decline. In November 2024, the Federal Open Market Committee (FOMC) cut the federal funds rate by 25 basis points to a range of 4.50% to 4.75%. This move followed a 50 ...
After lowering its benchmark interest rate a full percentage point in the final months of 2024, the Federal Open Market Committee came into this week's meeting all but promising to hold interest rates ...
The Federal Reserve on Wednesday approved a third consecutive seventy-five-basis-point interest rate hike and suggested that it will keep raising rates well above the current level in an all-out ...
Diccon Hyatt is an experienced financial and economics reporter who has covered the pandemic-era economy in hundreds of stories over the past two years. He's written hundreds of stories breaking ...
In its statement, the Federal Open Market Committee states, "The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains ...
The central bank's Federal Open Market Committee, a policymaking body at the Fed, kept the overnight borrowing rate in a range of 4.25% to 4.5%. Mortgages, car loans and credit card rates are tied ...
The decision was unanimous among the voting members of the Federal Open Market Committee, the panel of Fed officials responsible for setting interest rates. The CME Fed Watch prediction algorithm ...
Federal Reserve Chairman Jerome Powell speaks during a news conference after the Federal Open Market Committee meeting, Wednesday, Jan. 29, 2025, at the Federal Reserve in Washington. (AP ...
The manager turned first to a review of developments in financial markets. Nominal Treasury yields fluctuated over the intermeeting period and were slightly higher, on net, than in early November.