Wall Street ends mixed while inflation data keeps Fed rate-cut hopes intact
The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer prices rising in line with expectations, adding support to bets that the U.S.
Inflation Stays Firm, but Not Enough to Derail December Fed Cut
The Labor Department on Wednesday reported that consumer prices in October rose 2.6% from a year earlier. That marks a pickup in the pace of inflation from September, when prices were up 2.4% on the year.
Fed lowers key interest rate by quarter point as inflation eases but pace of cuts may slow
After a September half-point cut, the reduction would bring the benchmark federal funds rate down three-quarters of a point from its 23-year high.
The Fed Cut Interest Rates In November, And More Rate Cuts Are Coming
The Federal Reserve cut interest rates by 0.25% on November 7. More interest rate cuts are likely through the end of 2026.
September Fed meeting preview: How big will the Fed’s first interest rate cut be?
Previous projections from June showed that the Fed preferred a fed funds rate in a target range of 4-4.25 percent by the time the unemployment rate hit 4.2 percent. Unemployment is now there, but interest rates are still more than a percentage point higher.
Traders bet on Fed December rate cut after inflation data
Traders of contracts that settle to the Federal Reserve's policy rate moved Wednesday to price in a firmer chance of another quarter-point interest-rate cut at the central bank's meeting next month, after a government report showed consumer inflation rose in October in line with economist expectations.
Fed’s Kashkari Says Only Inflation Could Derail December Cut
Federal Reserve Bank of Minneapolis President Neel Kashkari said he’ll be looking at incoming inflation data to determine whether another interest-rate cut is appropriate at the US central bank’s December meeting.
The Fed’s Kashkari Sees a December Interest-Rate Cut. Unless There’s an Inflation Surprise.
A higher neutral rate could limit interest rates’ decline, Minneapolis Federal Reserve President Neel Kashkari said.
Fed may pause in December if inflation surprises higher, Kashkari says
An interest-rate cut in December may not happen if inflation surprises to the upside, Minneapolis Federal Reserve President Neel Kashkari said on Tuesday.
Fed Meeting Today: FOMC Cuts Rates Again; Powell Says He Will Refuse to Resign if Trump Asks
Follow news from today's Fed meeting where the FOMC is expected to cut interest rates and chair Jerome Powell will speak.
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First Fed Meeting After Election: Expect a Rate Cut, but What's in Store for 2025?
The Federal Open Market Committee is meeting Nov. 6 to 7 and again in December. After making a larger, half-percent cut in ...
Fed meeting today: Interest rates cut by quarter-point as Powell wrestles with Trump's election win, inflation questions
Fed Chairman Jerome Powell said the U.S. economy is in very ... Their angst about high prices help spur them to vote for ...
Election Pushes Fed Meeting and Interest-Rate Decision a Day Later
While the election result won’t influence this week’s decision, any policy changes by the next president and Congress that ...
Stock market today: Indexes trade mixed as investors assess rate outlook after new inflation data
Inflation accelerated slightly for the month of October, sparking concern the Fed could pause its interest rate-cutting cycle ...
Fed Meeting Live Updates: Powell discusses latest rate cut, inflation and Trump
Since its inception in 1976, Bankrate has been the top source for information on interest rates and the Federal Reserve. With ...