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He expects the Fed’s total rate cuts to total 2.25 percentage points, bringing the benchmark federal funds rate to a 3-3.25 percent target range. That’s still higher than it was at any point ...
The unemployment rate has risen modestly since the Fed began aggressively raising rates in March of 2022, but at 4.2% remains below the national long-run average and right at the level the median ...
When its latest policy meeting ended Thursday, the Fed issued a statement noting that the "unemployment rate has moved up but remains low,” and while inflation has fallen closer to the 2% target ...
The Federal Reserve is expected to announce Wednesday its first interest rate cut since 2020. How big that cut will be remains to be seen, but it is widely expected to target a 0.25% reduction ...
The Fed signaled in its policy statement that it is leaning toward holding rates steady in the future, since inflation remains stubbornly above the central bank’s 2% target.
Federal Reserve governor Lisa Cook said Monday it makes sense to lower interest rates more gradually given resilience in the job market and ... The unemployment rate stands at 4.2% as of November. ...
Since the Federal Reserve began raising interest rates in March 2022, the labor market has shed 4.6 million private-sector job openings. ... the unemployment rate has climbed from 3.6% to 4.1% ...
Previous projections from June showed that the Fed preferred a fed funds rate in a target range of 4-4.25 percent by the time the unemployment rate hit 4.2 percent. Unemployment is now there, but ...