Federal Reserve Chair Jerome H. Powell speaks during a news conference in Washington in March 2019. . By Heather Long Heather Long Economics correspondent Email Bio Follow May 1 at 10:34 AM The Federal Reserve is widely expected to leave interest rates unchanged at the conclusion of its two-day policy meeting Wednesday.
A nearly 2.5 percent interest rate might feel high because it’s the highest rate the United States has seen in more than a decade. But it’s actually a low rate by historical standards Borrowers are happy: Interest rates around 2.5 percent makes it fairly cheap to borrow money and repay loans. There’s been some concern about the massive amount of corporate debt that companies have taken on and what would happen as interest rates rose. The Fed’s pause gives companies more time to sort that out. It’s a similar story for individuals who have a lot of debt — they get a respite knowing rates won’t go much higher.
It means the rich are still going to get richer while the poor are expected to prop them up.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Fed done raising rates; cut by end-2020 growing more likely: Reuters pollThe U.S. Federal Reserve is done raising interest rates until at least the end o...
Source: Reuters - 🏆 2. / 97 Read more »
White House economic advisor Larry Kudlow says Fed should still cut rates despite 3.2% GDP growthThe U.S. economy is off to its best start to a year since 2015 and White House economic adviser Larry Kudlow believes it means the Federal Reserve should cut interest rates. Kudlow the Klown. Working for Donnie the Dufus.
Source: CNBC - 🏆 12. / 72 Read more »
Why it would be bizarre for the Fed to cut rates nowThe American economy is accelerating and the stock market is sitting at record highs. Yet some in Washington are still calling on the Federal Reserve to speed up the economy by slashing interest rates. ThanksObama for handing off a strong economy to Trump. Got the economy to the goal line and Trump wants credit for scoring the touchdown. Wow... Obama’s economy is doing great! Oh wait... 🙄 when the 1% of the wealthy control 40% of the market it has nothing to do with a good economy, it's called market manipulation and when it finally topples it is going to get ugly!
Source: CNN - 🏆 4. / 95 Read more »
Slowing inflation may lead Fed to cut interest rates: KudlowSlowing inflation may lead the Federal Reserve to cut interest rates, White Hous... This administration is artificially boosting the economy, consumer spending is down and the boost in defense spending accounts for growth...an increase in gas should be an indicator of a pending recession... Slowing? Have you looked at gas prices lately? Food prices? Tariffs are artificially inflating prices. Ha. Few people have any money. Fewer are getting raises. Companies can’t raise prices because sales are off to begin with. Sounds more like failing economy than slowing inflation
Source: Reuters - 🏆 2. / 97 Read more »
Trump intensifies calls on Fed to cut interest ratesDonald Trump urged the Federal Reserve to lower interest rates, renewing his long-running campaign against the central bank, which he claims has hindered economic growth What the hell is wrong with this guy?! The federal reserve is neither federally owned, nor has a 'reserve' You mean this Donald Trump?
Source: politico - 🏆 381. / 59 Read more »
Investors brace for a roller-coaster week ahead with Fed decision and Apple, Alphabet earningsFed Chairman Jerome Powell is expected to emphasize that the Fed is patient and will hold interest rates steady. Relax, The Fed has been neutered. Roller coaster? Naw.....feds in a sleep no worries. rate increase PLEASE PLEASE PLEASE!
Source: CNBC - 🏆 12. / 72 Read more »
J.P. Morgan, Morgan Stanley see U.S. Fed may cut interest on reserves next weekThe Federal Reserve may lower the interest it pays on excess reserves banks leav... Fait accompli Nope
Source: Reuters - 🏆 2. / 97 Read more »
Farmland prices stable despite facing pressure and potential risks, says KC Fed surveyFarmland values in America's heartland are still stable, despite pressures on farm incomes and rising interest rates, according to a quarterly report by the Federal Reserve Bank of Kansas City.
Source: CNBC - 🏆 12. / 72 Read more »