'Fed still set to cut rates despite inflation' - 13 Nov 2024
Michael Reid, the US Economist at RBC Capital Markets, says the Fed is still on track for a rate cut in December.
Inflation Stays Firm, but Not Enough to Derail December Fed Cut
Investors’ positive response to the report might have been driven in part by relief that President-elect Donald Trump and the Fed won’t immediately be at loggerheads. Trump repeatedly pressed for lower rates during his first term. Economists view some ...
The Fed Just Cut Interest Rates Again. Should You Sign a Mortgage ASAP?
The Fed has lowered its benchmark interest rate twice this year, with its most recent rate cut in November. While rate cuts from the Fed should gradually lead to lower mortgage rates, we haven't gotten there yet. There's no reason to rush into a mortgage ...
Why Fed Rate Cuts Aren't a Cure-All for High Mortgage Rates
On Nov. 7, the Federal Reserve implemented a 0.25% reduction to the federal funds rate, its second cut in over four years. Prospective homebuyers are eager for a silver lining in the housing market. But experts don't anticipate dramatically lower rates before the end of the year.
Stock market's big rally, inflation could mean Fed has only one rate cut left before a pause, says CIO
Wednesday's inflation reading, while ticking up to a 2.6% yearly rate as expected, continues to hold above the Federal Reserve's 2% target. Combining that with the easing of financial conditions on the heels of a powerful rally in the stock market in early November could drive the Fed to cut rates only one more time before taking a pause,
US inflation rose 2.6% in October — higher than a month earlier — as Fed weighs further rate cuts
US inflation accelerated in October from the pace it set a month earlier — raising doubts whether the Federal Reserve will continue to cut interest rates before the end of the year. The Consumer Price Index rose 2.
Bloomberg L.P.1h
Fed’s Musalem Sees Gradual Rate Cuts If Inflation Keeps Falling
Federal Reserve Bank of St. Louis President Alberto Musalem said the central bank is within sight of its inflation and ...
Reuters1h
Musalem says Fed in 'last mile' of inflation fight, but recent data raise risks
Recent data raise risks of inflation progress slowing, reversing Musalem expects inflation to converge to 2% over medium term ...
Hosted on MSN2h
Credit card debt hits record $1.17 trillion, New York Fed research shows
Still, credit card delinquency rates improved in the most recent quarter, suggesting that "rising debt burdens remain ...
Fed’s Schmid Says Uncertain About How Far Rates Should Fall
Federal Reserve Bank of Kansas City President Jeff Schmid on Wednesday sounded a note of caution about how much more the US ...
Dow, S&P 500 edge higher after inflation data keeps Fed rate-cut hopes intact
U.S. stock index futures turned positive on Wednesday after an in-line reading of the consumer price index did little to ...
A Potential Fight Over the Fed’s Future Ramps Up
As Trump allies including Elon Musk endorse ending the Federal Reserve’s independence, the central bank’s chair is reportedly ...
USA Today21h
Dollar rally pushes gold to near two-month low as traders await Fed cues
Following the Fed's recent decision to cut its benchmark interest rate by a quarter of a percentage point to the 4.50% to 4 ...
Inflation Ends Cooling Streak. What It Means for the Fed.
October inflation was in line with expectations, but ended the streak of cooler readings that helped provide Federal Reserve ...
Fed's Kashkari says he's confident inflation is headed down
Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday that he is confident inflation is headed down, ...