When Will Interest Rates Go Down? Fed Holds Rates At 23-Year High Yet Again
The Federal Reserve announced Wednesday it will keep interest rates at a 23-year high, after a spate of worse-than-forecasted ...
US employers scaled back hiring in April. How that could let the Fed cut interest rates
The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs in a sign that persistently high ...
Federal Reserve says interest rates will stay at two-decade high until inflation further cools
Fed Chair Powell’s 2:30 p.m. ET news conference will be livestreamed within this story. This story will also be updated with ...
The New York Times6d
Live Updates: Fed Holds Rates, Noting ‘Lack of Further Progress’ on Inflation
The Fed raised interest rates quickly between early 2022 and the summer of 2023 ... move is likely to be a rate cut and said that a rate increase is “unlikely.” But he demurred when asked ...
CNN6d
Fed holds interest rates at 23-year high as inflation continues to push back timing of a rate cut
A couple of tenths of a percentage point increase in the unemployment ... after so many years of paltry interest rates, the Fed’s rate-hike campaign that began in 2022 made it possible for ...
Reuters5d
Fed leaves rates unchanged, flags 'lack of further progress' on inflation
WASHINGTON, May 1 (Reuters) - The U.S. Federal Reserve held interest rates steady on Wednesday ... and while Powell said rate increases remained unlikely, he set the stage for a potentially ...
Fed says interest rates to stay higher for longer
The decision raises the prospect of turmoil in international currency markets where the Japanese yen has been falling and hit ...
Chicago Sun-Times6d
Interest rates to remain at 2-decade high until inflation further cools, Fed says
Federal Reserve Board Chair Jerome ... months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target.
Forbes4d
CD Interest Rates Forecast: Will CD Rates Go Up In 2024?
In January 2022, the typical APY ... strongly with the federal funds rate. When the Federal Reserve increases its benchmark rate, interest rates across the economy, including CD rates, increase.
Inc6d
Fed Will Keep Interest Rates Unchanged Until Inflation Cools
The Federal Reserve on Wednesday emphasized ... months and said it doesn't plan to cut interest rates until it has "greater confidence" that price increases are slowing sustainably to its 2 ...