The Fed is expected cut interest rates by a quarter of a percentage point.
The Federal Reserve Building is the headquarters of the Federal Reserve System and 12 Federal Reserve Banks, in Washington, D.C.its benchmark interest rate a half of a percentage point in September, dialing back its yearslong fight against inflation and delivering relief for borrowers saddled with high costs.
The central bank is widely expected to cut interest rates by another quarter of a percentage point when it meets on Thursday, according to thein October, but fallout from hurricanes and labor strikes likely caused an undercount of the nation's workers, U.S. Bureau of Labor Statistics data on Friday showed.
The trajectory of inflation could shift in the coming months. Trump’s proposals of heightened tariffs and the mass deportation of undocumented immigrants are widely expected to raise consumer prices, experts
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump’s victory casts a shadow over the Federal ReserveThe Fed chair frequently drew Trump’s ire during his first presidential term.
Read more »
US Consumer Price Index expected to soften further, closer to Federal Reserve’s inflation targetThe Bureau of Labor Statistics (BLS) will publish the highly anticipated Consumer Price Index (CPI) inflation data from the United States (US) for September on Thursday at 12:30 GMT.
Read more »
Federal Reserve losses top $200 billion and you're on the hookFederal Reserve losses have eclipsed $200 billion as the central bank continues to bleed red ink.
Read more »
The Federal Reserve may have pretty much just hit its 2% inflation targetIn fact, economists at Goldman Sachs think the Fed may already be there.
Read more »
Mortgage Rates Rise Despite Hopes for Federal Reserve CutsDespite anticipation of interest rate cuts from the Federal Reserve to lower mortgage rates, home buyers are now facing even higher rates. This unexpected surge follows a brief period where mortgage rates were declining, reaching their lowest point in over two years.
Read more »
Inflation gauge closely watched by the Federal Reserve slows as expected to 2.1%Inflation gauge closely watched by the Federal Reserve slows as expected to 2.1%
Read more »