Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 422 results for "FOMC"

US looks towards rate cuts, Australia lags behind

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... indicating the US could cut interest rates at least once this year. A lower-than-expected May CPI print was encouraging, but the FOMC still kept its funds rate target at 5.25-5.5% in a unanimous decision. However, the Fed acknowledged "modest progress" ...

Powell confirms rate cuts likely 'at some point' this year

ELIZA BAVIN  |  THURSDAY, 4 APR 2024
... a rate cut "at some point this year". "Powell reiterated that the better than forecast US economic performance gives the FOMC time to let data guide policy, but that interest rates will likely be cut at some point this year," Commonwealth Bank associate ...

US Federal Reserve eyes multiple interest rate cuts this year

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
The US Federal Open Market Committee (FOMC) chose to keep the benchmark policy rate at 5.25% to 5.50%. Despite holding rates at their current level, the latest dot plot revealed the FOMC expects 75 basis points of cuts this year, with more to come in ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... period of strong labour market conditions that benefit all." Starting from early last year, the Federal Open Market Committee (FOMC) has maintained a firm approach towards tightening monetary policy, making the latest hike the 11th out of the 12 meetings ...

Federal Reserve holds rates steady

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... Reserve has chosen to keep the current target range for the federal funds rate at 5-5.25%. The Federal Open Market Committee (FOMC) opted to hold the funds rate steady, citing the need to assess additional information and its implications for monetary ...

US inflation hits one-year low

ANDREW MCKEAN  |  FRIDAY, 13 JAN 2023
... going forward," he said. "While Fed officials continue to convey a (mostly) hawkish message the reality is that by and large FOMC members do not believe there is much more left to do." Meanwhile, Federated Hermes senior economist Silvia Dall'Angelo said ...

Federal Reserve delivers 0.75bp rate rise

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... believe the economy was in recession, citing a 'very strong labour market' as evidence. "The accompanying Statement from the FOMC also implied that Federal Reserve officials believe that they can manage a so-called soft landing for the economy and avoid ...

Economic recap: Week to November 5

BENJAMIN ONG  |  MONDAY, 8 NOV 2021
... 2½ per cent at the end of 2023 and for only a gradual increase in wages growth". The US Federal Reserve's 2-3 November FOMC meeting produced little surprise. It decided to "taper" its US$120 billion a month purchases by US$15 billion per month because ...

Economic recap: Week to October 15

BENJAMIN ONG  |  MONDAY, 18 OCT 2021
... calendars beginning in either mid-November or mid-December." The minutes of the US Federal Reserve's 21-22 September FOMC meeting couldn't be any clearer. It is, perhaps, because of this clarity that, instead of having a tantrum, US equities ...

Economic recap: Week to September 24

BENJAMIN ONG  |  MONDAY, 27 SEP 2021
... they got the first whiff of "taper" in the air. This started when the minutes of the US Federal Reserve's April 27-28 FOMC meeting revealed that: "A number of participants suggested that if the economy continued to make rapid progress toward the ...
PREVIOUS
NEXT