Wall Street ends mixed while inflation data keeps Fed rate-cut hopes intact
The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer prices rising in line with expectations, adding support to bets that the U.S.
The Fed’s Kashkari Sees a December Interest-Rate Cut. Unless There’s an Inflation Surprise.
A higher neutral rate could limit interest rates’ decline, Minneapolis Federal Reserve President Neel Kashkari said.
The Fed Cut Interest Rates In November, And More Rate Cuts Are Coming
The Federal Reserve cut interest rates by 0.25% on November 7. More interest rate cuts are likely through the end of 2026.
Fed lowers key interest rate by quarter point as inflation eases but pace of cuts may slow
After a September half-point cut, the reduction would bring the benchmark federal funds rate down three-quarters of a point from its 23-year high.
Odds of a December Interest-Rate Cut Jump After Inflation Matches Expectations
Wall Street gained confidence that the Federal Reserve will opt for another quarter-point interest-rate cut in December after the consumer price index for October matched expectations. Traders saw a 79.
What the Fed rate cut means for mortgage interest rates
Mortgage rates, in particular, surged last year to their highest level since 2000 but have since come down alongside inflation. But it's been a bumpy ride back to the bottom in recent weeks. What, then, does this latest Fed rate cut mean for mortgage interest rates? That's what we'll break down below.
Fed's Kashkari says he's confident inflation is headed down
Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday that he is confident inflation is headed down, noting that data released minutes earlier 'confirms' that downward path.
Fed's Kashkari, once a bitcoin skeptic, now says he'll 'have an open mind' - report
Minneapolis Fed President Neel Kashkari shifts stance on bitcoin, expressing openness but questioning its utility.
Fed's Kashkari on Inflation, Housing, Jobs Market
Federal Reserve Bank of Minneapolis President Neel Kashkari says inflation is heading in the right direction. But he says it's too soon to say if the Fed will continue on its rate cutting cycle. He also talks about housing,
Fed policy is 'modestly restrictive,' Kashkari says
Minneapolis Federal Reserve Bank President Neel Kashkari said he feels U.S. monetary policy is currently "modestly restrictive," with short-term borrowing costs continuing to slow inflation and the economy,
'Inflation is headed in the right direction,' Fed's Kashkari says
The headline numbers from the October consumer price report show that "inflation is headed in the right direction," Fed's Kashkari said on Wednesday.
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Why You Should Care About the Fed's Interest Rate Decision Today
When inflation is high and the economy is in overdrive, the Fed tries to pump the brakes by discouraging borrowing. It does ...
Australia's employment growth slows but no rate cuts expected until mid 2025
Australia's employment growth slowed in October after a strong run, but the jobless rate stayed low and underlying trends ...
The interest rate on my high-yield savings account keeps dropping. I asked 3 experts how to earn more on my cash.
The interest rate on my high-yield savings account has dropped from 4.6% to 4.2%. I asked experts how to get more yield on my ...