The Fed Expects to Cut Rates Just Once This Year
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Inc. - Business
The Fed's Odds for a September Rate Cut Just Spiked
Slack in the labor market and cooling inflation have shifted market bets. -
Inc. - Business
The Fed Should Cut Interest Rates. Just Ask This Corner of Corporate America
U.S. bankruptcies are surging to levels that haven't been seen in over a decade.Federal Reserve -
The Wall Street Journal - World
Gold Futures Rise Ahead of U.S. CPI Data
Gold futures rose, holding their recent gains ahead of Thursday’s U.S. inflation data, and a softer reading could propel the precious metal higher. -
The Wall Street Journal - World
Fed Officials Signaled No Hurry to Cut Rates
The minutes of their last meeting suggested some are on alert for signs of labor-market deteriorationFederal Reserve -
The Wall Street Journal - World
Powell Inches the Fed Closer to Cutting Rates
Federal Reserve Chair Jerome Powell suggested he was focusing more on when to cut interest rates now that inflation has resumed a decline.Federal Reserve -
The Wall Street Journal - World
Dollar Could Fall if Rate Cut Bets Rise
The dollar looks set to fall heading into next year as recent softer U.S. economic data could bolster market expectations for interest rate cuts by the Federal Reserve, MUFG Bank said. -
The New York Times - Business
What June Jobs Report Could Mean for Interest Rates
As unemployment ticks up and wage growth cools, Federal Reserve officials are watching for signs that the job market is about to crack. -
CBS News - Top stories
Here's how a 2024 Fed rate cut will affect home equity loans
Home equity loan interest rates should fall this year — but when and by how much? Here's what to know.Federal Reserve -
The Wall Street Journal - World
Brazil, Mexico to Benefit When Fed Starts Rate Cuts
Brazil and Mexico will likely be the emerging markets to benefit the most if the Federal Reserve starts cutting interest rates in September, as increasingly expected, TS Lombard’s Jon Harrison says in a report.Federal Reserve -
Inc. - Business
Fed Chair's Senate Testimony Could Show Path to Rate Cut
Jerome Powell's appearance before the Senate Banking Committee will be closely parsed for signs the central bank is ready to cut rates as inflation slows.Federal Reserve -
The New York Times - Business
Fed Chair Powell Cheers Markets Looking for Signs on Rate Cuts
The S&P 500 winning streak rolled on after the Fed chair made encouraging comments about inflation and the state of the labor market.Federal Reserve -
NBC News - Top stories
Inflation is slowing, but the Fed now faces a tough choice on when to cut rates
Amid signs of a weakening labor market, the Federal Reserve now finds itself in a bind: If it cuts interest rates too soon, it could risk reigniting the price increases that have bedeviled the post-pandemic economy.Federal Reserve -
CBS News - Top stories
June jobs report signal possible interest rate cut later this year
The U.S. added 206,000 jobs in June and the unemployment rate rose to 4.1%, according to new data from the Labor Department's Bureau of Labor Statistics. CBS News senior business and technology correspondent Jo Ling Kent breaks down the numbers ... -
MarketWatch - Business
Fed minutes show no consensus on how many months of good inflation data needed to start cutting interest rates
Several officials said that interest-rate hikes might be needed if inflation stays at its elevated level or increases further.Federal Reserve -
CNBC - Business
Fed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal
The Federal Reserve on Wednesday released minutes from its June 11-12 meeting.Federal Reserve -
CNBC - Business
Bitcoin slides to two-month low as Fed signals it's not ready to cut rates yet
Bitcoin on Thursday fell below the $57,000 mark for the first time since May 1, according to data from crypto ranking site CoinGecko. -
MarketWatch - Business
U.S. economy and jobs market are showing cracks. Fed rate cuts are not far off.
Forget the summer heat: The economy appears to have caught enough of a chill that the Federal Reserve is likely to cut interest rates soon.Federal Reserve -
NBC News - Top stories
S&P 500, Nasdaq post record closes Friday as jobs report raises Fed rate cut hopes
The S&P 500 rose to a new high on Friday, posting a record close as the latest jobs report reignited hopes for rate cuts from the Federal Reserve.Federal Reserve -
ABC News - Top stories
Fed's Powell highlights slowing job market in signal that rate cuts may be nearing
The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony to Congress, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer ... -
CBS News - Top stories
Fed's Powell says "more good data" could open door to rate cuts
Federal Reserve Chair Jerome Powell told a Senate panel that the economy has returned to its pre-pandemic level: "strong, but not overheated."Federal Reserve -
The Wall Street Journal - World
Comex Gold, Silver Settle Higher
Gold settled 0.2% higher, up three of the past four sessions. -
CNBC - Business
The Fed may soon cut interest rates. That could make your next trip abroad more expensive
The Federal Reserve raised rates aggressively to tame high inflation, supporting the U.S. dollar. Cutting rates may weaken it versus foreign currencies.Federal Reserve -
MarketWatch - Business
The Fed said it needs more low-inflation signs to cut interest rates. The CPI might deliver one.
The Federal Reserve isn’t going to cut U.S. interest rates until it gets a few more low inflation readings. It’s likely to get another one on Thursday.Federal Reserve -
NBC News - Top stories
The Fed may soon cut interest rates. That could make your next trip abroad more expensive
The U.S. Federal Reserve may start cutting interest rates before year’s end.Federal Reserve -
CNBC - Business
Key inflation report looms on Thursday as traders grow more confident in Fed rate cut
The June consumer price index will be released Thursday, with traders eyeing September for the Federal Reserve's first rate cut.Federal Reserve -
CBS News - Top stories
Will mortgage rates fall after the July Fed meeting? Here's what some experts expect
Mortgage rate drops could be on the horizon, but will they happen this July? Here's what experts say.Mortgage -
ABC News - Top stories
Average rate on 30-year mortgage climbs for 1st time since late May to just under 7%
The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May -
The Wall Street Journal - World
The Nasdaq and S&P 500 gained 0.9% and 0.5% Friday to close out the week at fresh highs while the Dow edged higher after the jobs report shored up hopes that the Fed will cut rates.
The Nasdaq and S&P 500 gained 0.9% and 0.5% Friday to close out the week at fresh highs while the Dow edged higher after the jobs report shored up hopes that the Fed will cut rates. -
The Wall Street Journal - World
Rate-Cut Bets Hold Steady
Rate bets -
The Wall Street Journal - World
Metal Prices Mixed; Gold Slips Slightly But Base Metals Rise
Base metals prices were higher while gold futures ticked lower but broadly holding ground, supported by rising jobless claims, which weighed on investor belief in a still-hot U.S. labor market, SP Angel said. -
Financial Times - Business
ECB minutes reveal doubts over rate cut
Move to lower borrowing costs concerned many policymakers as inflation and wages moved in opposite direction -
The Wall Street Journal - World
What's Behind Powell's Latest Shift on Rates
Achieving lower inflation without a significant slowdown is ‘the No. 1 thing’ keeping the Fed chair up at night. -
The Hill - Politics
Fed confident in 'restrictive' rate level while sounding notes of caution
Minutes from the Federal Reserve’s June meeting revealed confidence among central bankers that elevated interest rates were having the desired effect of cooling the economy toward a soft landing and 2-percent annual inflation. “The vast majority ...Federal Reserve -
MarketWatch - Business
Whatever the inflation reports are saying, the Fed has no business lowering rates now
Fed policymakers appear to have lost touch with economic reality.Federal Reserve -
The Wall Street Journal - World
U.S. Stocks Mixed After Powell Testimony
U.S. stocks traded mixed after Fed chair Jerome Powell testified before Congress. Powell stressed officials continued “to make decisions meeting by meeting.” -
The Wall Street Journal - World
Gold Futures Near Two-week Highs on Hopes for US Rate Cuts
Gold futures rose, nearing a two-week high, amid growing investor optimism for a U.S. interest rate cut. -
The Wall Street Journal - World
Saudi's Oil Price Cut to Asia Was Less Significant Than Predicted, DNB Says
Saudi Arabia’s price cut for its flagship Arab Light crude it sells to Asian customers was less significant than expected, according to DNB Markets. -
The New York Times - Business
Investors Bet on Rate Cuts as Recent Data Suggests Slowdown
Markets are expecting the Federal Reserve to make roughly two reductions of a quarter-point each this year. -
CBS News - Top stories
Hiring in the U.S. slowed in June, raising hopes for interest rate cuts
Employers added 206,000 jobs last month and the unemployment rate edged higher to 4.1%. -
The Wall Street Journal - World
Nasdaq Rises After Jobs Report Keeps Rate Cuts in Play
The S&P 500 and Nasdaq Composite were poised to hit fresh closing peaks, after reaching new records ahead of the Fourth of July holiday. The Dow industrials were roughly flat.