Fed's Waller: No rush to cut rates amid sticky inflation data

Key quotes There is no rush to cut the policy rate.” “Fed may need to maintain current rate target for longer than expected.” “Needs to see more inflation progress before supporting rate cut.”“Needs at least a couple of months of data to be sure inflation heading to 2%.” “Still expects Fed to cut rates later this year.” “Economy’s strength gives Fed space to take stock of data.” “Data suggests fewer rate cuts possible this year.” “Economy is growing at a healthy pace.

When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback. How often does the Fed hold monetary policy meetings? The Federal Reserve holds eight policy meetings a year, where the Federal Open Market Committee assesses economic conditions and makes monetary policy decisions.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Federal Reserve will cut interest ratesThe Federal Reserve will cut interest rates in 2024.
Source: dcexaminer - 🏆 6. / 94 Read more »

Federal Reserve Holds Interest Rates Steady, Plans to Reduce Them LaterThe Federal Reserve announced that it would maintain interest rates but plans to reduce them later this year. Inflation increased in February, and the central bank will continue to monitor economic indicators to determine when to lower rates.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Federal Reserve expected to cut rates, potentially lifting Biden's prospectsThe U.S. Federal Reserve looks on track to cut interest rates as the presidential campaign season heats up, potentially delivering President Joe Biden a boost as polls show Americans dislike his handling of the economy.
Source: KSLcom - 🏆 549. / 51 Read more »