Citi said it expects the Reserve Bank of Australia to hold its ground in February and cut interest rates for the first time in May. It is expected to cut interest rates by a total of 75 basis points this year. (Jin Ten)
Fed's Schmid: Interest rate policy may be "close" to what is needed in the long run.
Nick Timiraos, the Fed's megaphone, pointed to Fed meeting notes as further evidence that officials are broadly willing to keep rates on hold at their upcoming meeting at the end of the month. "Participants indicated that the committee is at or near the appropriate level to slow the pace of policy easing," the meeting notes said. Based on their current outlook for economic activity, officials believe the Fed is likely to continue cutting rates at a slower pace than in recent months.
Fed meeting notes: Participants said that if the data performed as expected, it would be appropriate to continue the gradual move towards a more neutral policy stance.
Fed meeting notes: Participants said the Fed is at or near a point when it is appropriate to slow the pace of easing.
Federal Reserve officials agreed that inflation is likely to continue to slow this year, but also saw a heightened risk of persistent price pressures as policymakers begin to deal with the impact of the incoming Trump administration's policies, according to Federal Reserve meeting notes for December. Participants expected inflation to continue to move toward 2 percent, although they noted that recent higher-than-expected inflation data, as well as the impact of potential changes in trade and imm...
Federal Reserve Governor Paul Waller: Support further rate cuts in 2025, but the pace of rate cuts will depend on further progress in inflation.
The Federal Reserve's Mr. Bostic said officials should be cautious in their decision-making, preferring to keep interest rates high given uneven progress in reducing inflation. In a podcast recorded on December 9 and released on Tuesday, Mr. Bostic also said he expected inflation to continue to fall gradually to the Fed's 2 per cent target this year. He said he expected price pressures to subside, although at some point it might look like...
Mr. Daley, president of the San Francisco Fed, said cryptocurrencies should be treated as a separate asset class, not gold, and were complex and not ready to become "money".
Mr. Daley, president of the San Francisco Fed, said cryptocurrencies should be treated as a separate asset class, not confused with gold as is often the case, and were complex and not yet ready to become "money". "I think cryptocurrency is a complicated thing, and the service we need to provide for everyone is to really decipher what it means, and once we do that, we can define it," Daly said.
The Federal Reserve Harmack said Friday that it may be time for the Fed to slow the pace of interest rate cuts. She believes the Fed's policy rate may not be much higher than neutral. Harmack noted that financial marekt expects the Fed to cut rates only once in the next two meetings and said that expectation is in line with her view. She said inflation, economic growth and the labor market remain stronger than the Fed expected in September. Harmack's remarks were the clearest hint in recent Fed ...
The Federal Reserve may pause interest rate cuts at its upcoming meeting.
Federal Reserve Governor Paul Waller: Not satisfied with rising inflation, but don't want to overreact.
Federal Reserve Governor Paul Waller: I am inclined to support a rate cut in December.
Federal Reserve Governor Paul Waller: There is still "a long way to go" in the process of lowering the policy rate to a neutral level, and rate cuts are expected to continue in the next year.