Page 12 - Fomc News Today

The president of the Philadelphia Federal Reserve said the central bank doesn't plan to cut interest rates soon because the job on reducing inflation is "not...

The president of the Richmond Federal Reserve said the central bank is making "good progress" in slowing inflation, but he was unwilling to commit to a...

The chorus of Federal Reserve officials who say interest rates will remain higher for longer than investors believe is getting louder.

The US Federal Reserve unexpectedly turned dovish at its December 13 FOMC monetary policy meeting. Although the US Fed left the Fed Fund rate unchanged at 5.25%-5.50% as expected, the Central Bank projected three rate cuts in 2024 as Fed officials did not foresee rates being higher by the end of 2024 than their current levels

Improving catalysts and global optimism are expected to keep Bursa Malaysia on positive territoryfrom Monday (Dec 18) onwards, a dealer said.

Global equity and bond markets have been on a tear since Fed chair Jerome Powell’s dovish turn this month, which will force other central banks to pivot as well.

On Wednesday, Jay Powell said cutting rates is probably the next question for the Fed to address and the financial world lit up like a Christmas tree.

Policymakers at the Federal Reserve chose to keep interest rates unchanged for the third straight meeting and hinted at the possibility of monetary loosening in 2024 with inflation slowing more than expected.

Indian benchmark indices hit another peak in intra-day deals today with both the Sensex and the Nifty up over a percent each after the US Fed signaled that its interest rate-hiking policy is at an end and it will cut rates in 2024.

As we close out this year, it remains a positive that small banks have started to become more of an option for business owners searching for capital.