Trump signals tariff plans, Fed chair candidates, China deal progress

President Donald Trump announced Tuesday that Scott Bessent has declined consideration for Federal Reserve Chair while praising "both Kevins" - Kevin Warsh and Kevin Hassett - as "very good" candidates for the position. Speaking on CNBC, Trump reiterated his criticism that current Fed Chair...

The Fed Holds Interest Rates Unchanged

The United States (US) Central Bank, the Federal Reserve (Fed) kept its monetary policy unchanged on Wednesday (1/30) after previously cutting interest rates by 25 basis points (bps) to 4.25%-4.5% in December. This is in line with market players' expectations, which continue to focus on cuts this...

FOMC Preview: It’s the data, not the sentiment – ABN AMRO

Markets expect the Fed to keep rates on hold today. Recent data has surprised in a dovish direction, but projections and the dot plot will shift more hawkish. The ‘hard’ data from the projections likely gives a better signal of the Fed’s rate trajectory than the ‘soft’ data from Powell’s press...

Goolsbee sees Fed on track to lower rates

Austan Goolsbee, President of the Chicago Federal Reserve Bank, expressed his belief on Monday that the U.S. central bank will be able to reduce short-term borrowing costs once the uncertainty caused by tariff policies is resolved. During a webcast interview with the Quad Cities Regional Business...

Powell indicates tariffs could pose a challenge for the Fed between controlling inflation and boosting growth

Fed delivers third rate cut of the year, but signals fewer cuts ahead

The Federal Reserve cut interest rates by 25 basis points on Wednesday, but reined in the number of rate cuts ahead on concerns about sticker inflation amid a brighter economic outlook. The Federal Open Market Committee, the FOMC, cut its benchmark rate by 25 bps to a range of 4.25% to 4.5%. In...

The Fed announced another 25bps cut to the federal funds rate in

The Fed announced another 25bps cut to the federal funds rate in December 2024, marking the third consecutive reduction this year and bringing borrowing costs to the 4.25%-4.5% range, in line with expectations. The so-called dot plot suggested policymakers will probably would only lower twice more...

Fed’s Powell: The US Economy is in a Remarkably Good Shape

Chief Powell participates in a moderated discussion at the New York Times DealBook Summit, in New York. Key Takeaways Independence lets the Fed make decisions for all Americans, not any political party. There is broad support in both parties for an independent Fed; do not think there is risk of...

Fed’s Powell Says No Need to Hurry Rate Cuts With Economy Strong

Federal Reserve Chair Jerome Powell said the recent performance of the US economy has been “remarkably good,” giving central bankers room to lower interest rates at a careful pace. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said...

Federal Reserve cuts interest rates by a quarter poin

The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to rightsize monetary policy. In a follow-up to September’s big half percentage point reduction, the Federal Open Market Committee lowered its...

The Fed Pangkas Suku Bunga 25 Bps

Federal reserve pada akhirnya memangkas suku bunga acuan mereka sebesar 25 bps setelah mereka menganggap bahwa inflasi telah mendingin dan telah mendekati ke target yang di harapkan sebesar 2%. Langkah pemangkasan juga dilakukan setelah The Fed melihat bahwa suku bunga yang tinggi dianggap telah...

Fed Cuts Rates by Half Point In Decisive Bid to Defend Economy

The Federal Reserve lowered its benchmark interest rate by a half percentage point Wednesday, in an aggressive start to a policy shift aimed at bolstering the US labor market. Projections released following their two-day meeting showed a narrow majority, 10 of 19 officials, favored lowering rates...

Fed Minutes Show Several Saw Case for Cutting Rates in July

Several Federal Reserve officials acknowledged there was a plausible case for cutting interest rates at their July 30-31 meeting before the central bank’s policy committee voted unanimously to keep them steady. “Several observed that the recent progress on inflation and increases in the...

Powell Says Recent Data Raise Confidence Inflation on Path to 2%

Federal Reserve Chair Jerome Powell said second quarter economic data has provided policymakers greater confidence that inflation is heading down to the central bank’s 2% goal, possibly paving the way for near-term interest-rate cuts. Powell pointed to the three latest inflation...

Powell Says Fed Has ‘Ways to Go’ on Shrinking Asset Portfolio

Federal Reserve Chair Jerome Powell told lawmakers that policymakers have more work to do on trimming their balance sheet. “We’ve made quite a lot of progress. We think we have a good ways to go,” the Fed chief said Wednesday, his second day of congressional testimony in...

Powell Says More Good Inflation Data Would Boost Fed Confidence

Federal Reserve Chair Jerome Powell said “more good data” would strengthen confidence that inflation is moving down toward the US central bank’s 2% target, and recent readings point to “modest further progress” on prices. In testimony prepared for a Senate hearing Tuesday, Powell warned...

Fed officials saw price pressures in decline at last meeting, minutes show

Federal Reserve officials at their last meeting acknowledged the U.S. economy appeared to be slowing and that "price pressures were diminishing," but still counseled a wait-and-see approach before committing to interest rate cuts, according to minutes of the two-day session held on June...

Powell Welcomes Recent Data But Fed Needs More Confidence to Cut

Federal Reserve Chair Jerome Powell said the latest economic data suggest inflation is getting back on a downward path, but added officials would like to see more data before lowering interest rates.  “Because the US economy is strong and the labor market is strong, we have...

Fed keeps rates steady, but sees just one cut for this year

The Federal Reserve kept interest rates unchanged on Wednesday, but signaled fewer rate cuts for this year than previously expected to ensure that monetary policy remains restrictive enough to keep the pressure on inflation. The Federal Open Market Committee, the FOMC, kept its benchmark ratein a...

Powell Reiterates Fed Likely to Keep Rates Higher for Longer

Federal Reserve Chair Jerome Powell said the US central bank needs to be patient as it awaits more evidence that high interest rates are curbing inflation, doubling-down on the need to keep borrowing costs elevated for longer.  Powell said that he expects inflation will move...