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Dec 13 2023
News
Federal Reserve holds interest rate steady and predicts 3 rate cuts next year as economy slows
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, a sign that it is likely done raising rates after having imposed the fastest string of increases in four decades to fight painfully high inflation. The Fed’s policymakers also signaled that they expect to make three quarter-point cuts to their benchmark interest rate next year, fewer than the five
FortuneDec 13 2023
News
Fed Keeps Interest Rates Flat Again—But Barely Budges On 2024 Rate Cut Forecasts
The Federal Reserve opted Wednesday to hold interest rates at the same level they’ve sat since July, as the central bank’s impactful rate-hiking cycle appears all but over, though the Fed remains coy about doing a complete 180 degree turn. The Federal Open Markets Committee announced Wednesday it voted to keep the target federal funds rate at 5.25% to 5.5%, a widely expected move marking the
ForbesMay 03 2023
News
US Fed's Benchmark Interest Rates
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Barron'sJan 10 2024
News
Private student loan interest rates skyrocket for 5- and 10-year loans
The average private student loan interest rates spiked for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year fixed-rate loans and 5-year variable-rate loans the week of June 12, 2023.
10-year fixed rate: 7.39%, up from 7.16% the week before, +0.23
5-year variable rate: 12.73%, up from 6.95% the week before, +5.78
For 10-
New York Post (News)Dec 14 2023
News
BOE Holds Interest Rates, Warns ‘Way to Go’ in Inflation Fight
The Bank of England kept interest rates at the highest level in 15 years as its policy makers persisted with their higher-for-longer message despite growing market bets on a wave of cuts in 2024.
The Monetary Policy Committee voted 6-3 to keep its key policy rate at 5.25% for the third consecutive meeting, according to minutes of the decision released Thursday. Policymakers split along
BloombergApr 11 2024
News
The Odds for a Summertime Rate Cut Are Dwindling
What inflation means for the Fed and Biden U.S. inflation jitters are being felt around the world this morning, after the latest Consumer Price Index report showed inflation ticked up for a third straight month. The dollar spiked overnight and traders slashed their bets on when — or whether — the Fed would cut interest rates this year. Such uncertainty could last for months and complicate
New York Times (News)Sep 21 2023
News
Higher Interest Rates Not Just for Longer, but Maybe Forever
On Wednesday, Federal Reserve officials surprised markets by signaling interest rates won’t fall as much as previously planned.
The tweak might be more important than it looks. In their projections and commentary, some officials hint that rates might be higher not just for longer, but forever. In more technical terms, the so-called neutral rate, which keeps inflation and unemployment
Wall Street Journal (News)Sep 21 2023
News
Bank of Japan Keeps Interest-Rates Targets Unchanged
TOKYO--The Bank of Japan on Friday kept its interest-rate targets unchanged amid rising prices and growing expectations for an early policy change.
The Japanese central bank decided to maintain its hard cap on the yield of 10-year Japanese government bonds at 1.0% after raising it from 0.5% at its previous meeting in late...
MarketWatchNov 01 2023
News
Fed Holds Interest Rates, No Hike, as Expected - The Michigan Star
The Federal Reserve on Wednesday kept its benchmark interest rates, as expected. The Fed held the rate amid a growing economy and labor market and inflation that remains about the central bank’s target. But additional increases also raise concerns about throwing the U.S. economy into a recession. The Fed’s rate-setting group unanimously agreed to hold the key federal funds rate in a target
The Michigan StarJul 27 2023
News
Fed Hikes Interest Rates Again Despite Rising Black Unemployment Rate
The U.S. Federal Reserve voted Wednesday to raise interest rates by another quarter percent, taking the cost of borrowing to its highest level in over two decades. It’s the 11th such rate increase in less than a year and a half. In a letter to Fed Chair Jerome Powell, Democratic Senator Elizabeth Warren of Massachusetts called the Fed’s moves “needless rate increases that threaten the economy
Democracy Now!