by The Associated Press | Jul 26, 2024 | Banking & Lending, Industry News
The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates this fall.
by The Associated Press | Jul 3, 2024 | Banking & Lending, CR Daily, Industry News
Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates.
by The Associated Press | May 28, 2024 | Banking & Lending, CR Daily, Industry News, Westchester News
After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high.
by The Associated Press | May 15, 2024 | Banking & Lending, CR Daily, Industry News, Westchester News
Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve and some borrowers.
by The Associated Press | May 13, 2024 | Banking & Lending, CR Daily, Industry News, Westchester News
The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year.
by The Associated Press | Apr 17, 2024 | Banking & Lending, CR Daily, Industry News, Westchester News
“If higher inflation does persist,” he said, “we can maintain the current level of [interest rates] for as long as needed.”
by The Associated Press | Apr 10, 2024 | Banking & Lending, CR Daily, Industry News, Residential Real Estate, Westchester News
Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it weighs when and by how much to cut interest rates this year.
by The Associated Press | Apr 9, 2024 | Banking & Lending, CR Daily, Industry News, Westchester News
The Fed typically cuts only when the economy appears to be weakening and needs help. But with economic data looking strong – the commercial real estate sector aside – will its policymakers see a need to even cut at all?
by The Associated Press | Apr 8, 2024 | Banking & Lending, Industry News, Westchester News
With some investors and economists questioning whether the Federal Reserve can make good on interest rate cuts this year, the JPMorgan Chase CEO warned of the possibility of rates rising to 8 percent or higher.
by The Associated Press | Apr 4, 2024 | Banking & Lending, Industry News
Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February.
by The Associated Press | Mar 21, 2024 | Banking & Lending, CR Daily, Industry News
In new quarterly projections they issued, Fed officials forecast that stronger growth and stubborn inflation would persist, meaning the central bank’s benchmark interest rate will stay higher for longer.
by The Associated Press | Mar 20, 2024 | Banking & Lending, Industry News
Two weeks ago, Chair Jerome Powell suggested that the Federal Reserve was “not far” from gaining the confidence it needed that inflation was headed sustainably down. It was a tantalizing suggestion.
by The Associated Press | Mar 18, 2024 | Banking & Lending, Industry News
Across the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates. Housing developers looking to get shovels in the ground.
by The Associated Press | Feb 23, 2024 | Banking & Lending, CR Daily, Industry News, Westchester News
Several Federal Reserve policymakers warned Thursday against cutting U.S. interest rates too soon or by too much in the wake of recent data showing inflation stayed unexpectedly high in January.
by The Associated Press | Feb 12, 2024 | Banking & Lending, CR Daily, Industry News, Westchester News
From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers. Central bankers? Not so much.
by The Associated Press | Feb 5, 2024 | Banking & Lending, CR Daily, Industry News, Westchester News
The Fed chair also reiterated that the central bank’s next meeting in March was likely too soon for a rate cut. Most economists think the first cut is likely to come in May or June.
by The Associated Press | Feb 1, 2024 | Banking & Lending, CR Daily, Industry News
Investors and some economists had been holding out the possibility that the Fed might cut as early as its next meeting in March. That now appears off the table.
by The Associated Press | Jan 30, 2024 | Banking & Lending, CR Daily, Industry News, Westchester News
An unexpectedly rosy economic picture may have left some Fed officials saddled by uncertainty. Yet they are expected to wait for at least a few months before they start reducing rates.
by The Associated Press | Jan 18, 2024 | Banking & Lending, CR Daily, Industry News, Westchester News
A top Federal Reserve official said this week that he is increasingly confident that inflation will continue falling, but provided few hints of the likely timetable for Fed rate cuts.
by The Associated Press | Jan 4, 2024 | Banking & Lending, CR Daily, Industry News
Fed officials concluded last month that inflationary pressures were easing, minutes from their most recent meeting say, but they also felt the economic outlook was uncertain enough that that further hikes were still “possible.’’