No Action Taken On Federal Funds Rate At FOMC Meeting

No Action Taken On Federal Funds Rate At FOMC Meeting

By PATRICK LAVERY Experts trying to predict the outcome of Super Bowl LIX have nothing on those watching the Federal Reserve Board, as hints and signposts leading up to this week’s meeting of the Federal Open Market Committee accurately pointed to the action taken Wednesday: no change in the target range for the federal funds…

Federal Reserve Cuts Rates For First Time Since Height Of Covid

Federal Reserve Cuts Rates For First Time Since Height Of Covid

By PATRICK LAVERY The Federal Open Market Committee on Wednesday voted to make its first cut in the federal funds rate in more than four years, a substantial 50-basis point slash which, as had been predicted earlier in the week, lowers the target range for the key rate from its previous level of 5.25% to…

Industry Leaders React To Rate Cut By Fed
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Industry Leaders React To Rate Cut By Fed

By KIMBERLEY HAAS After months of anticipation, the Federal Reserve cut interest rates by half a percentage point at its meeting this week. This move is expected to boost consumer confidence and bring potential home sellers and buyers off the sidelines and into the housing market. In a statement, officials said members of the Federal…

Big News Expected About Rates This Week
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Big News Expected About Rates This Week

By PATRICK LAVERY After more than a year of no movement, there could be big news to come out of the upcoming Federal Open Market Committee meeting this Tuesday and Wednesday – even bigger than anticipated. CME Group’s FedWatch tool, for the first time in numerous recent Fed meeting cycles, is not even holding open…

As Presidential Race Takes Turn, Feds Putting Together The Pieces For Rate Cuts
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As Presidential Race Takes Turn, Feds Putting Together The Pieces For Rate Cuts

By PATRICK LAVERY The July 21 decision by President Joe Biden to stand down from a re-election bid, clearing a runway for Vice President Kamala Harris to face former President Donald Trump in November, reinvigorated the 2024 presidential race and brought renewed emphasis to one debate in particular: whether it was Trump, in the final…

Powell Acknowledges Putting Pressure On Housing While Teeing Up Rate Cut
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Powell Acknowledges Putting Pressure On Housing While Teeing Up Rate Cut

By KIMBERLEY HAAS The chair of the Federal Reserve acknowledges that their tightening policies to bring down inflation have affected the housing market, and he is offering a glimmer of hope for analysts who expect a rate cut within the next few months. Jerome Powell testified before the Senate Banking, Housing and Urban Affairs Committee…

Federal Reserve Not Budging On Rates Yet

Federal Reserve Not Budging On Rates Yet

By PATRICK LAVERY For the seventh straight meeting, dating back to last September 20, the Federal Open Market Committee on Wednesday voted to maintain the target range for its federal funds rate at 5.25% to 5.5%. That officially means, as experts and prediction tools had almost unanimously agreed going into the week, that the earliest…

Feds Hold Steady On Rates, No Hints On When Cuts May Occur
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Feds Hold Steady On Rates, No Hints On When Cuts May Occur

By PATRICK LAVERY Predicted by both the experts and projection tools alike, the Federal Open Market Committee on Wednesday decided to maintain its target range for the federal funds rate at 5.25% to 5.5%, the sixth consecutive meeting at which the key rate has gone unchanged following a year and a half’s worth of increases….

Rate Watchers To Keep Close Eye On The Fed
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Rate Watchers To Keep Close Eye On The Fed

By PATRICK LAVERY After a swift acceleration of more than five percentage points in about a year and a half, starting in early 2022, could the Federal Reserve Board keep its policy interest rate in a holding pattern for close to a year? That appears likely, as with no change since last summer, most experts…

Projections For Monetary Policy Show No Rate Changes

Projections For Monetary Policy Show No Rate Changes

By PATRICK LAVERY Americans were just putting away their families’ Halloween costumes the last time the Federal Reserve Board made an announcement on monetary policy, holding the federal funds rate at a range of 5.25% to 5.5%. Now the nation is well past Thanksgiving and fully focusing on the holiday season and the new year…

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