US EditionFed holds rates steady but notes progress on inflation
- Federal Reserve officials are likely to announce the first interest rate cut in four years, potentially lowering borrowing costs for U.S. consumers and businesses.
- Rate cuts as early as September could help achieve a "soft landing," reducing high inflation without causing an economic downturn.
- Financial market traders have priced in 100% odds for a benchmark rate reduction at the Fed's meeting on September 17-18.
180 Articles
180 Articles
The Federal Reserve sees cooler inflation and slower job market,
The Federal Reserve said Wednesday that greater progress has been made in reducing inflation to its 2% target, a sign that the central bank is moving closer toward cutting its key interest rate for the first time in four years.[San Marcos, TX] [Hays County news] News San Marcos News, San Marcos Record
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The Federal Reserve System (FRS), which performs Central Bank functions in the United States, may soon lower interest rates, possibly in September, as stated by the regulator's head Jerome Powell, citing Interfax. According to him, such a move can be made if there is consensus among the body of data, changing forecasts, and risk balance with the growth of confidence and maintaining a strong labor market. Powell emphasized that second quarter dat…
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It would be the first interest rate cut since March 2020. At Wednesday's meeting, the benchmark interest rate remained unchanged. Trump does not want an interest rate cut before the presidential election.
The US Federal Reserve keeps the reference rate unchanged.
The Korea Times
Blue Water Healthy LivingPowell puts September rate cut on table after Fed leaves borrowing costs unchanged
The Federal Reserve held interest rates steady on Wednesday but U.S. central bank chief Jerome Powell said policymakers may be ready to reduce borrowing costs as soon as their next meeting in September, with recent data adding to their confidence that inflation is coming into line with their 2 percent target.
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