Federal Reserve Chairman Jerome Powell signaled the possibility of cutting interest rates on Wednesday due to an uncertain U.S. economic forecast.
Wall Street rallies on hints the Fed will raise interest rates at least once this year.
The White House reportedly conducted a legal analysis to see if it were possible to demote Fed Chairman Jerome Powell.
There weren’t any major policy shifts from the latest Federal Reserve meeting, but there are a few things worth noting.
Better than expected economic data gives the Fed some leeway on recasting its monetary policy but economists expect the central bank to watch for domestic and global cues before making any changes.
The outcome of the FOMC meeting was about as dovish as investors could have hoped for.
The Fed is expected to remain “patient” and hold the rates Wednesday but more than half of the 31 analysts polled, still expect the central bank to hike rates once this year.
Federal Reserve Chief Jerome Powell has expressed concern about the mounting U.S. national debt. Testifying to a Congress Banking Committee, he said the federal government is moving on an unsustainable fiscal path leading to the escalation of debt as a percentage of the GDP.
The Fed abruptly ended two years of aggressive interest rate hikes, signaling the longest economic expansion on record may be coming to a close.
The policy of both jacking up interest rates and pulling a massive amount of liquidity out at the same time is an absurd policy design, said Mike Cosgrove, principal at Econoclast.
The Federal Reserve just raised interest rates again. Here’s how it could impact your wallet.
Majority analysts polled by International Business Times expected a rate hike in the December meeting, but saw the Fed cutting back on the number of rate hikes next year.
Talk about a backward leap.
Former Federal Reserve Chair Janet Yellen on Tuesday said that “at this point, a couple more interest rate increases are necessary to stabilize growth at a sustainable pace and stabilize the labor market, so it doesn’t overheat.”
A stock sell-off, rising trade tension with China, slower global growth and verbal pressure from the White House are unlikely to dent the U.S. Federal Reserve's rate hike plans in an economy performing in line with the central bank's forecasts.
Donald Trump on Tuesday again criticized the Federal Reserve, telling reporters the central bank is going too fast in raising rates when inflation is minimal and government data points to a strong economy.
Emerging markets were “as prepared as they can be” for changes to U.S. monetary policy as the Federal Reserve had been as “transparent” as possible, St. Louis Federal Reserve Bank President James Bullard said in Singapore on Monday.
The U.S. Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the country's economy would enjoy at least three more years of growth.
All economists polled by International Business Times expect the U.S. Federal Reserve to raise its benchmark Fed Funds Rate by 25 basis points to 2.0-2.25 percent.
The U.S. Federal Reserve's practice of normalizing interest rates and running quantitative tightening at the same time will end badly for the U.S. economy and equity markets.
The Federal Reserve’s steady interest rate hikes are the best way to protect the U.S. economic recovery and keep job growth as strong as possible and inflation under control, Fed Chair Jerome Powell said on Friday in a high-profile endorsement of the central bank’s current approach to policy.
The Fed in June raised rates for a second time this year, marking the seventh time it has hiked rates since late 2015. It is widely expected to hike rates again when it next meets in September.