Waiting Game: Why Fed Isn’t Ready to Cut Rates (Yet)

Waiting Game: Why Fed Isn’t Ready to Cut Rates (Yet)

It can take mere seconds to announce a new spate of tariffs and mere seconds to announce they’ve been reversed. But it can take months to see how all the back-and-forth has affected the economy. That’s why the latest Fed minutes, published on Wednesday, showed central bankers continuing to push for patience before adjusting interest rates due to uncertainty over broad economic conditions. But the minutes covered a meeting that ended May 7, and s…

The US Federal Reserve (Fed) advanced this Wednesday, in its minutes of its meeting in early May, which by the end of the year expects there to be "one or two declines" in interest rates. The Central Bank considered in that document that "the implicit modal path based on the prices of options (...) decreased slightly during the period and was consistent with one or two cuts in rates of 25 basis points by the end of the year, only slightly more t…

The US Federal Reserve (Fed) expects that there will be "one or two cuts" of interest rates this year, as can be seen from the minutes published yesterday of the last meeting of the central bank, held in early May and in which it decided to keep the price of money between 4.25% and 4.5%. Read

Fed minutes send strong message on interest-rate cuts

Fed meeting minutes hint at what's next for interest rates.

President Donald Trump commuted the sentence of Chicago’s former gang cape Larry Hoover. Hoover was convicted of running a criminal organization in the late 1990s while in prison for murder, and was being held in a federal maximum security prison in Colorado to serve that sentence. On Wednesday, Hoover’s federal sentence was commuted, although he will still have to return to Illinois to resume serving his sentence for a murder he was convicted o…