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1 day ago · Members of the Federal Open Market Committee, the central bank's rate-setting panel, said in a policy statement on Wednesday they will hold the federal funds rate in a range of 5.25% to 5.5% ...
1 day ago · The Federal Reserve said Wednesday it will continue to hold its benchmark interest rate at current levels, marking a full year since the cost of borrowing first reached a 23-year high.
1 day ago · July 31, 2024, 5:04 a.m. ET. Federal Reserve officials are widely expected to leave their key interest rate unchanged on Wednesday, keeping it at the two-decade high of 5.3 percent for a 12th ...
2 days ago · The Fed’s benchmark, short-term rate has stood at a 23-year high of 5.25% to 5.5% since July 2023, as the Fed waits for inflation to cool further. Annual inflation dipped in June to 3.0 %: far ...
2 days ago · July 31, 2024, 5:00 AM PDT. By Rob Wile. Federal Reserve officials have begun contemplating cutting interest rates for the first time in the post-pandemic period as their focus shifts from surging ...
Jun 15, 2022 · Officials agreed to a 0.75-percentage-point rate rise at their two-day policy meeting that concluded Wednesday, which will increase the Fed’s benchmark federal-funds rate to a range between...
Jul 26, 2023 · Federal Reserve officials raised interest rates to their highest level in 22 years, continuing their 16-month campaign to wrestle inflation lower by cooling the American economy.
May 3, 2023 · Federal Reserve officials raised interest rates by a quarter-point on Wednesday in the tenth straight move in their fight against rapid inflation — but they also opened the door to a possible...
Jun 12, 2024 · The Fed has kept interest rates at a 23-year high for nearly a year, after kicking off an aggressive rate-hiking campaign in March 2022. Central bankers are waiting for more evidence that...
Jul 3, 2024 · Monetary policy in the United States comprises the Federal Reserve's actions and communications to promote maximum employment, stable prices, and moderate long-term interest rates--the economic goals the Congress has instructed the Federal Reserve to pursue.
