The likelihood of the Federal Reserve cutting rates is now in doubt with a central bank leader hinting a rate hike is likely to control inflation. In prepared remarks published today ahead of a speech before the Spring 2024 Meeting of the Shadow Open Market Committee,...
For the fifth consecutive month, the Federal Reserve opted to hold interest rates in place. The central bank’s policy making Federal Open Market Committee voted unanimously to keep its benchmark overnight borrowing rate in a range between 5.25% and 5.5%, which is...
Economic advisers to former President Donald Trump’s re-election campaign have offered a shortlist of candidates to replace Jerome Powell as chairman of the Federal Reserve. The Wall Street Journal, sourcing its coverage from unnamed “people familiar with the matter,”...
An underlying measure of inflation was stronger than expected last month, introducing greater uncertainty over when the Federal Reserve will lower interest rates. The U.S. Department of Labor Department’s Consumer Price Index (CPI) reported prices rose last month by...
Federal Reserve Chairman Jerome Powell confirmed that the central bank will cut rates, but stopped short of offering a possible timeline on when rates will come down. In prepared remarks delivered today before the U.S. House Financial Services Committee, Powell noted...
Zillow Cuts Its Late-2026 Home Sales Outlook as Rents Accelerate
