Published 09/19/2024 3:35:32 a.m.

Column-Fed sees higher 'terminal' rate, reached sooner: McGeever By Reuters

Summary by WDC TV News

By Jamie McGeever ORLANDO, Florida (Reuters) – Beyond the immediate headlines generated by the Fed’s 50 basis point interest rate cut, it is policymakers’ revised outlook for the fed funds rate’s eventual destination, and how soon it takes to get there, that matters more. Broadly speaking, the Fed indicated on Wednesday it will emerge from its restrictive policy stance a little sooner than previously indicated, and the eventual ‘neutral’ level o…

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Fed Column Sees Higher, Faster 'Destination' Rates: McGeever

By Jamie McGeever ORLANDO, Fla. (Reuters) – Beyond the immediate headlines of the U.S. Federal Reserve’s 50-basis-point cut, what’s even more important is that policymakers are revising their views on the ultimate destination of the U.S. central bank’s funds rate, and the timeframe it will take to reach that goal. The Fed said on Wednesday it would end its tightening a little sooner than previously indicated, and its final “neutral” policy level…

09/19/2024 3:35:32 a.m.

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