Fed members' outlooks reset bets on interest rate cuts in 2025
Just before Joe Biden leaves the White House and Donald Trump returns, two prominent Republican members of the Federal Reserve Board are weighing in on how fast interest rates should come down. The two — Michelle Bowman and Christopher Waller — say rates can come down in a measured way.
Fed seen cutting policy rate just once in 2025 as job growth surges
Traders on Friday bet the Federal Reserve will wait until at least June to reduce its policy rate, and end its rate-cutting cycle there after government data showed employers added far more jobs than expected in December.
Traders Grow More Certain of No Fed Rate Cut in January
The odds of a rate cut from the Federal Reserve are getting slimmer by the day. Markets are pricing in a 95% chance that the Fed keeps borrowing costs unchanged at its Jan. 30 decision. That’s up from 94% yesterday,
Why two Fed officials doubt the need for many more rate cuts
Two top Federal Reserve officials on Thursday questioned the need for many more interest rate cuts. Fed Governor Michelle Bowman and Kansas City Fed President Jeff Schmid both said the 100 basis points in rate cuts since September has brought the Fed’s benchmark rate down to “neutral,” where it neither dampens or boosts demand.
Fed’s Schmid Backs Gradual Rate Cuts If Economic Data Improve
Federal Reserve Bank of Kansas City President Jeff Schmid said he favors slowing the pace of interest-rate cuts and only after a persistent change in incoming economic data.
The Fed Is Back in Wait-and-See Mode With Rate Cuts
Having delivered a percentage point of interest-rate cuts in the closing months of last year, Federal Reserve officials are entering 2025 with open minds. Policy has been “recalibrated” for the curren
Fed's Christopher Waller Supports Rate Cuts Despite Trump Tariff Concerns
Fed's Christopher Waller signaled that he supports cutting interest rates, despite high inflation and Trump's tariff concerns.
Top Fed official backs new rate cuts even if Trump tariffs materialize
A top policymaker at the US Federal Reserve says that he still supports reducing interest rates this year, despite elevated inflation and the prospect of widespread tariffs.
If the Fed pauses rate cuts in January, it might be because of Trump, Fed minutes show
Fed releases minutes from its December meeting, where its policymakers signaled a slower pace of interest-rate cuts in 2025.
Federal Reserve Officials at December Meeting Expected Slower Pace of Rate Cuts Ahead
Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs
Fed Officials Signal Interest Rates Likely on Hold for a While
Several Federal Reserve officials confirmed Thursday the US central bank will likely hold interest rates at current levels for an extended period, only cutting again when inflation meaningfully cools.
The Fed Funds Market Is Not What It Used To Be
Explore the impact of the Fed Funds Rate on U.S. monetary policy and how it has evolved post-GFC, shifting focus to IORB and ...
Surprising Dec payrolls jump supports longer Fed pause
U.S. job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% from November's 4.2% as the ...
Trump just won his first battle with the Fed without lifting a finger
The abrupt departure of a top official ensures that questions about the president's ability to chip away at the Fed’s prized ...
Fed’s Harker Sees Solid Economy Today, Little Certainty Tomorrow
Federal Reserve Bank of Philadelphia President Patrick Harker remains confident in inflation’s meandering path toward a 2% ...
Surprising Dec US payrolls jump supports longer Fed pause
U.S. job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% from November's 4.2% as the ...
Expectations for Fed to ease in 2025 have diminished, says Dynamic Economic Strategy CEO
John Silvia, founder and CEO of Dynamic Economic Strategy and former chief economist at Wells Fargo, comments on the state of ...