Items Tagged with 'FOMC'


  • Goldman Sachs all but guarantees the Federal Reserve is about to cut interest rates

    Analysts say there's a 90% chance of a rate cut
    Analysts from Goldman Sachs told clients this week that it’s basically a done deal that the Federal Reserve will cut its benchmark interest rate later this month. In the report, the Goldman Sachs analysts say that there’s a 90% chance of a rate cut coming out of the next meeting of the Federal Open Market Committee, which is set for July 30-31.
    Read More
  • Fed Chairman Powell tells Congress he would ignore Trump if fired

    “I fully intend to serve,” the nation’s top central banker said
    Federal Reserve Chairman Jerome Powell told Congress on Wednesday that he wouldn’t leave his post as the nation’s top central banker even if President Donald Trump fired him. Any whiff of instability at the top of the nation’s banking system could cause rates to rise as mortgage-bond investors seek additional compensation for perceived risk.
    Read More
  • Fed drops "patient" from outlook, signaling rate cut may come at next meeting

    Central bankers cite "uncertainties" clouding their outlook
    The Federal Reserve left its benchmark rate unchanged on Wednesday at the end of its two-day meeting in Washington, D.C., and dropped the word "patient" from its statement, signaling a rate cut may be coming as soon as next month. The Fed downgraded its assessment of economic activity to a "moderate" rate from "solid."
    Read More
  • WSJ: Chance of a rate cut at next FOMC meeting is 25% as trade worries mount

    "Darker economic outlook" may force policymakers to take accommodative stance
    The chance the Federal Reserve will cut its benchmark rate in two weeks at its next meeting in Washington, D.C., is mounting as trade tensions threaten the economy. Traders in futures markets are putting about a 25% chance of a rate cut at the June 18-19 meeting and a 75% chance of a cut at the meeting after that, on July 30-31, according to data from CME Group.
    Read More
  • Fed minutes show "patience" may wear thin by end of year

    Views "could shift" in either direction
    While members of the Federal Open Market Committee voice a unanimous call for "patience" at the end of their March 20 meeting, details about the meeting released Wednesday showed some dissenting opinions. "Several participants noted that their views of the appropriate target range for the federal funds rate could shift in either direction," the minutes said.
    Read More
  • Federal Reserve leaves rates unchanged, stresses patience

    Says U.S. economic growth is "solid"
    For the first time in recent months, the Federal Reserve said Wednesday it would leave interest rates unchanged and, as expected, vowed to be "patient" in its evaluation of the economy's health. Following a two-day meeting of the Federal Open Market Committee, Fed Chairman Jerome Powell said it expects continued economic growth and that the "case for raising rates has weakened."
    Read More
  • Federal Reserve appoints new economist to advise board

    Stacey Tevlin appointed as director of the division of research and statistics
    The Federal Reserve announced Friday the appointment of a new economist to advise the board. The new director of the division of research and statistics will, among other duties, brief the Federal Open Market Committee on the outlook of the U.S. economy.
    Read More
  • Capital Economics: Fed will leave rates alone – for now

    Says a March rate hike is off the table, but one more will come in late spring
    The Federal Reserve will leave rates unchanged when it concludes its January meeting next week, likely referencing its "patient" stance when it comes to rate hikes, Capital Economics said in a report released Wednesday. But while a hike in March is likely off the table, the group predicted that one more hike is yet to come.
    Read More