Fed Holds Interest Rates Steady, Hints at September Rate Cut

Articles

Summary

Fed holds interest rates steady, but cut expected soon

The Federal Reserve maintained its benchmark interest rate on Wednesday, keeping borrowing costs at their highest level in more than two decades despite a prolonged cooldown of inflation. An interest rate cut is widely expected in the coming months. The Fed issued its latest interest rate decision after a months-long stretch of data has established the key conditions for a rate cut: falling inflation and slowing job gains.

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abc News

Fed Meeting Today: No Interest Rate Cut, but September Looks Promising

See you in September. That pretty much sums up the sentiment of the Federal Reserve, which once again voted to hold interest rates steady, as most experts expected. But the Federal Open Market Committee’s statement following today’s meeting will likely raise hopes of a rate cut in September.

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c|net

Stocks Hold Their Own After Fed Keeps Rates Steady

The stock market’s rally mostly held steady after the Federal Reserve’s policy committee kept interest rates steady at its July meeting. The Federal Open Market Committee said Wednesday it maintained the target range for the federal-funds rate at 5.25% to 5.50%, which was widely expected by traders. The Dow Jones Industrial Average was up 230 points, or 0.6%. The S&P 500 was up 1.5%. The Nasdaq Composite was up 2.3%. All three indexes were rallying in the hours leading up to the decision.

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News Results

Live Updates: Federal Reserve Meets as Investors Focus on Rate Cuts to Come

The Federal Reserve is expected to leave interest rates unchanged but could set up for a cut later this year. Live Updates: Federal Reserve Meets as Investors Focus on Rate Cuts to Come. The Federal Reserve meets as investors focus on rate cuts to come. The Fed meets as the U.S. economy continues to grow.

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11mo ago

Fed Holds Rates Steady But Sends Mixed Signals About Timing of A Cut Later This Year

Officials held the central bank’s benchmark federal funds rate unchanged at a range between 5.25 percent and 5.5 percent. The Fed signaled they may cut rates this year if inflation continues to show signs of declining to their two percent target. The statement indicates that it remains patient on rate cuts.

RIGHT

11mo ago

Fed Holds Interest Rates At 23-Year High—Hints Inflation Improving With First Rate Cut In Sight

The Fed’s policy-determining Open Markets Committee (FOMC) announced it unanimously voted to keep the target federal funds rate at the 5.25% to 5.5% range they’ve sat since last July. It’d be the first rate cut since March 2020, when the Fed slashed rates to near zero.

MIDDLE

11mo ago

Traders Still Think Rate Cuts Start in September. How Much Is the Real Question.

Odds of a 25-basis-point cut were at 93.5%, from 86.3% on Tuesday. Fed-funds futures imply a zero percent chance rates hold steady. Changes to the FOMC’s statement appeared to lay some groundwork for coming cuts.

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11mo ago

Fed Holds Interest Rates Steady at 5.50%, Hints at Possible September Cut

US central bank floated the idea of lowering borrowing costs at its September meeting, spurring a rally in stocks.

MIDDLE

11mo ago

Key words from Fed boss signal when interest rates are coming down

The Federal Reserve is expected to hold interest rates steady for the sixth consecutive time at the close of its meeting later today. Central bank watchers will be looking closely for any hints about a possible series of rate cuts starting in September. The central bank has kept interest rates between 5.25 percent and 5.5 percent for the past year.

RIGHT

11mo ago

Fed holds steady, but US interest rates could be cut in September

The American central bank has adjusted its language to say inflation is only ‘somewhat elevated’

11mo ago

Fed will hold interest rates steady but officials hint rates could be cut this year

Interest rates are set by the Fed’s federal open market committee (FOMC), which meets eight times a year and will next meet in September. The Fed was largely expected to keep interest rates steady this meeting, but investors are looking closely for hints that rate cuts could come as early as the Fed's next meeting.

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11mo ago

S&P 500, Nasdaq Approach Record Highs

Wall Street's S&P 500 and Nasdaq indexes rose Wednesday, hovering near a record peak, as a ceasefire between Israel and Iran appeared to be holding and investors awaited more comments from Federal Reserve Chair Jerome Powell.

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Yesterday

Wall Street advances as Israel-Iran concerns ease

The S&P 500 index remains about 0.6 per cent below its peak, hit in February. The tech-heavy Nasdaq is 0.8 per centbelow a record high as the de-escalation in Middle East hostilities supported risk sentiment. Investors watched Federal Reserve chair Jerome Powell's congressional testimony for hints on the monetary policy path.

MIDDLE

Yesterday

Bitcoin Price Live, Traders Eye $97K Dip as Key Entry Point

Traders Eye $97K Dip as Key Entry Point. Despite modest YTD gains, improving sentiment and macro stability hint at a rebound toward $110K. Despite more than $63 billion flowing into the crypto market in 2024, Bitcoin has only managed a modest 13% gain year-to-date.

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Sensex, Nifty Set For Positive Open

Brent crude futures slumped 13 percent over the past two days, returning to levels last seen before the Iran-Israel conflict. The rupee closed with a steep gain of 75 paise against the dollar, marking its biggest daily gain in a month. Asian markets were flat to slightly higher this morning after rising sharply in the previous day.

MIDDLE

3d ago