federal reserve
Bankrate Chief Financial Analyst Breaks Down Latest Federal Reserve Rate Cut Projection
The Federal Reserve still expects to cut its key interest rate three times in 2024. Bankrate’s chief financial analyst discusses how the latest projection will impact consumers and business as the central bank continues to work to tame inflation.
Federal Reserve Leaves Interest Rates Unchanged, Signals 3 Cuts This Year
The Federal Reserve kept interest rates unchanged at the March Federal Open Market Committee (FOMC) policy meeting on March 20, but officials signaled that three rate cuts were still planned for this year. Monetary authorities kept the benchmark Fed funds rate at a range of 5.25 percent and 5.5 percent, the highest level in 23 […]
US Economic Growth Revised Downward, Inflation Adjusted Upward in 2nd GDP Estimate
U.S. economic growth was revised downward, and prices were adjusted upward for the fourth quarter, missing market expectations. Despite changes in the second estimate of the GDP figures, the national economy still showed robust growth in the final three months of 2023. The economy expanded 3.2 percent in the October to December period, down from […]
Fed Cautious About Cutting Rates Too Soon as Inflation Progress Could Stall: Minutes
Federal Reserve officials do not believe it is appropriate to reduce interest rates until there is greater confidence inflation is heading toward the central bank’s target, as some policymakers warned progress on inflation could stall. According to minutes from the January Federal Open Market Committee (FOMC) policy meeting, officials want to wait for more numbers […]
Shrinkflation Due to Bad Fed, Government Policies–Not Corporate Greed: Economist
President Joe Biden called out the food and beverage industry on Super Bowl Sunday, saying they were ripping off consumers. NTD’s David Lam spoke with Vance Ginn, president of Ginn Economic Consulting, to learn more about the issue. Mr. Ginn is also the former chief economist at the White House’s Office of Management and Budget.
Disney to Crack Down on Password Sharing on Its Streaming Services
NTD Business host Don Ma has the latest updates on business news. The Federal Reserve left interest rates unchanged on Wednesday but took a major step toward lowering them in the coming months in a policy statement that tempered inflation concerns with other risks to the economy and dropped a longstanding reference to possible further […]
NTD Evening News Full Broadcast (Jan. 31)
The CEOs of TikTok, Meta, X, Discord, and Snap testified in Congress Wednesday over child exploitation. Senators from both parties expressed concern that social media platforms aren’t doing enough to keep children safe. The White House has named the Iran proxy group it holds responsible for the drone attack that killed three U.S. troops in […]
Federal Reserve Leaves Interest Rates Unchanged, Signals Not Ready to Cut
The Federal Reserve left interest rates unchanged at the first policy meeting of 2024, signaling that officials might not reduce the benchmark federal funds rate “until there is greater confidence” that inflation is inching toward the central bank’s target rate of 2 percent. Fed Chair Jerome Powell told reporters during the post-Federal Open Market Committee […]
Federal Reserve Warns of Uncertain Path to Rate Cuts in 2024: Minutes
Federal Reserve officials agreed at the December Federal Open Market Committee (FOMC) policy meeting that they will likely cut interest rates in 2024, according to minutes. However, rate-setting Committee members provided little information regarding the pace, timing, and size of rate adjustments. The meeting summary alluded to immense uncertainty regarding how the rate cuts will […]
Economist Claims 2024 Will Bring ‘Biggest Crash of Our Lifetime’ in US
An economist who focuses on consumer spending issued a dire warning about the U.S. economy in 2024. “Since 2009, this has been 100 percent artificial, unprecedented money printing and deficits: $27 trillion over 15 years, to be exact,” Harry Dent told Fox Business on Tuesday. “This is off the charts, 100 percent artificial, which means […]
Fed Keeps Interest Rates Unchanged, Predicts 3 Rate Cuts in 2024
The Federal Reserve left interest rates unchanged at a range of 5.25 percent and 5.50 percent at the final Federal Open Market Committee (FOMC) policy meeting of December. Rate-setting Committee members stated that recent data suggest that economic growth has slowed from the strong third quarter. While the labor market has moderated since the beginning […]
Federal Reserve Doesn’t Signal Rate Cuts at Policy Meeting, New Minutes Reveal
The Federal Reserve did not provide an indication that it would cut interest rates, according to minutes published Tuesday from the November Federal Open Market Committee (FOMC) policy meeting held on Oct. 31 and Nov. 1. Rate-setting committee members agreed that monetary policy needed to stay in “restrictive” territory until the data highlighted that inflation […]
Weakness in Economy Preventing Rate Slashes: Economist
Is this the end of the interest rate hike cycle? NTD spoke with Vance Ginn, president of Ginn Economic Consulting and a former chief economist at the White House’s Office of Management and Budget, to learn more about America’s battle with inflation.
NTD Business (Nov. 1): Federal Reserve Holds Interest Rates; National Association of Realtors Liable to $1.8 Billion Fine
The Fed held rates steady but left the door open to a further increase in a policy statement that pointed to the U.S. economy’s surprising strength, but nodded to tighter financial conditions faced by businesses and consumers. A Missouri jury on Tuesday found the National Association of Realtors, a real estate industry trade group, and […]
Fed Expects One More Rate Hike and Its Impact on Economy
The latest revelation in the minutes is that most officials believe just one more interest rate hike is needed in the current cycle, signaling that the Fed may be close to finishing these increases. The question is how long they plan to maintain interest rates at the current level.
Federal Reserve Done With Hikes: Analyst
The Federal Reserve said Wednesday it will pause its rate hikes, keeping its benchmark lending rate at a 22-year high. The move was widely expected, after the central bank signaled in recent weeks that it intended to wait for more data to understand how previous rate hikes are affecting the US economy. Since March 2022, the […]
NTD Business (Sept. 20): Fed Skips Interest Rate Hike; House Republicans Fail to Pass Spending Bill
The U.S. Federal Reserve held interest rates steady on Wednesday but stiffened its hawkish stance, with another rate increase projected by the end of the year and monetary policy kept significantly tighter through 2024 than previously expected. The central bank has recently signaled that it intended to wait for more data to understand how the economy is being […]