The Federal Reserve announced a modest rate cut but signaled a more cautious approach to future reductions, projecting only two cuts in 2025 instead of the four previously anticipated. Chair Jerome Powell emphasized the need to balance inflationary pressures with economic stability. read more
DEC 20, 2024 - 5:45 am
The Federal Reserve reported that information received since the Federal Open Market Committee met in September indicates that the labor market remains strong. read more
NOV 22, 2019 - 6:15 am
Information received since the Federal Open Market Committee met in May indicates that the labor market remains strong and that economic activity is rising at a moderate rate. read more
JUL 12, 2019 - 6:55 am
Information received since the FOMC met in March indicates that the labor market remains strong and that economic activity rose at a solid rate. The Fed has subsequently decided to maintain the target range for the federal funds rate at 2.25% to 2.5%. read more
MAY 3, 2019 - 7:00 am
Information received after the Federal Open Market Committee December meeting indicates that the labor market continues to strengthen and economic activity is rising at a solid rate. Therefore, the Committee decided to maintain the federal funds target range at 2.25% to 2.50%. read more
FEB 1, 2019 - 7:00 am
The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 2% to 2-1/4% at its November meeting. read more
NOV 9, 2018 - 6:30 am
The Federal Reserve raised the target range for the federal funds rate to 2% to 2-1/4% in view of realized and expected labor market conditions and inflation. read more
SEP 27, 2018 - 6:50 am
The Federal Open Market Committee raised the target range for the federal funds rate from 1.25% to 1.5%. read more
DEC 14, 2017 - 7:16 am
According to the minutes from the Federal Open Market Committee's July meeting in Washington, some of those who attended the meeting think that another increase of the federal funds rate was or would soon be warranted. A couple even went so far as to advocate an increase at the meeting. read more
AUG 18, 2016 - 7:49 am
At their most recent meeting, Federal Reserve policy makers said they expect economic conditions will evolve in a manner that will warrant only gradual increases in the fed funds rate. read more
JUL 28, 2016 - 7:34 am