Page 5 - The Fed News Today : Breaking News, Live Updates & Top Stories | Vimarsana

That final word is also likely the final hurdle between policymakers and interest rate cuts which likely won't begin until "elevated" is dropped from the Fed's policy statement in favor of a new phrase acknowledging inflation was closing in on the central bank's 2% target. With inflation now below the level that caused the Fed to call it "elevated" in the first place, a turn in the policy statement could come as soon as the Fed's March 19-20 meeting and open the door to rate cuts beginning after that. Assuming inflation continues toward a lower path po...

From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers.

From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers.

"Markets are still pricing about six cuts over the course of this year. This suggests to us that they are pricing in a policy error."

The US Federal Reserve is almost certain to hold its key lending rate steady for a fourth consecutive meeting Wednesday, as inflation continues to inch closer towards its long-term target of two percent.That is why policymakers on the rate-setting Federal Open Market Committee (FOMC) are widely expected to keep the central bank's key lending rate unchanged Wednesday at a 23-year high of between 5.25 and 5.50 percentage points.