That is sharply higher than two years ago, when the Fed started raising rates to fight inflation.
Investors expect rate cuts this year.
Investors expect rate cuts this year.
The Fed’s statement on Wednesday no longer floated the possibility higher rates.
Chairman Jerome Powell acknowledged that most members expect to start reducing rates this year but said, for now, the bank was looking for “greater confidence” that the inflation would continue to fall.
“We’re wanting to see more data,” he said, noting that much of the falls so far have been driven by prices for goods, rather than services.
The Fed has not raised interest rates since July, with this month’s meeting marking the fourth without change.
Supporters of rate cuts argue that the soaring price increases that pushed the central bank to start raising rates in 2022 have slowed.
Investors expect rate cuts this year.
That is sharply higher than two years ago, when the Fed started raising rates to fight inflation.
The Fed’s statement on Wednesday no longer floated the possibility higher rates.
Investors expect rate cuts this year.
Investors expect rate cuts this year.
The Fed’s statement on Wednesday no longer floated the possibility higher rates.
Chairman Jerome Powell acknowledged that most members expect to start reducing rates this year but said, for now, the bank was looking for “greater confidence” that the inflation would continue to fall.
“We’re wanting to see more data,” he said, noting that much of the falls so far have been driven by prices for goods, rather than services.
The Fed has not raised interest rates since July, with this month’s meeting marking the fourth without change.
Supporters of rate cuts argue that the soaring price increases that pushed the central bank to start raising rates in 2022 have slowed.
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