By PATRICK LAVERY As a tariff standoff between President Donald Trump’s administration and the nations of Canada, China, and Mexico leaves the immediate future of the American economy hanging in the balance, odds are overwhelming that the Federal Open Market Committee will choose to leave its key interest rate at its current range of 4.25%…
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…
By PATRICK LAVERY The inauguration of President Donald Trump to his second, non-consecutive term last Monday was quickly followed by a flurry of executive orders and policy redirection that the administration hopes will set the course for the United States for the next four years. But the first economic crisis of the new Trump presidency…
By PATRICK LAVERY What seemed optimistic 11 months ago, only to devolve into being far-fetched by the middle of the year, is now likely. When the Federal Open Market Committee holds its final two-day meeting of 2024 this week, the dream floated by some officials back in January of cutting the Fed’s key interest rate…
By PATRICK LAVERY The result will have no immediate bearing on the decision-making process, but the outcome of Tuesday’s United States presidential election – which may still be in question for days afterward – figures to cast a shadow over the Federal Open Market Committee’s next scheduled meeting this week. In fact, because of Election…
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…
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…
By PATRICK LAVERY Saying “the risks to achieving our employment and inflation goals continue to move into better balance,” Federal Reserve Chairman Jerome Powell on Wednesday touted the fall of inflation from a post-pandemic high of 7% to its current 2.5% but held firm on the Fed’s key interest rate, which the Federal Open Market…
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…
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…
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