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Showing 1 - 10 of 426 results for "FOMC"

Economist calls for 35bps rate cut

ELIZA BAVIN  |  MONDAY, 17 FEB 2025
... 2024 backfired. "[US Fed chair Jerome] Powell has only seen credibility continue to erode, facing dissent at the December FOMC meeting," Solomon said. "Next steps are incumbent on global events - and Australia is lucky to be outside the crosshairs of ...

FOMC holds rates as Chalmers boasts 'our inflation is lower'

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... as the US Federal Reserve kept interest rates steady overnight at 4.25-4.5%. It was the first time since August 2024 the FOMC left policy unchanged. While the decision to keep rates in the US steady was no surprise to markets, Fed chair Jerome Powell ...

Fed cuts rates as Powell is questioned on Trump win

ELIZA BAVIN  |  FRIDAY, 8 NOV 2024
... bank is anticipating further interest rate cuts from the Fed. "We continue to expect a 25bp rate cut at the December 2024 FOMC meeting and further 25bp moves in early 2025, but an end to policy easing around mid-2025," he said. Halmarick noted that while ...

Federal Reserve rate cuts beckon

ANDREW MCKEAN  |  MONDAY, 16 SEP 2024
... the dust settles from the pandemic economic volatility." NAB senior economist Taylor Nugent, meanwhile, said that whole the FOMC looks set to start cautiously with 25 basis points next week, he continues to expect 100 basis points of cuts this year. ...

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 ...
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