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Fed minutes show little support for interest rate cut later this month
Only "a couple" of officials at the Federal Reserve's June 17-18 meeting said they felt interest rates could be reduced as soon as this month, with most policymakers remaining worried about the inflationary pressure they expect to come from President Donald Trump's use of tariffs to reshape global trade.
A recent letter from the White House is raising eyebrows in Washington — with some analysts speculating it may be part of a ...
The newly published meeting minutes highlighted a divide over how Federal Reserve officials expect the economy to respond to ...
Dow Futures fall as Trump unveils sweeping tariffs on Canada; Bitcoin surges, markets react, and tech continues to lead.
The Federal Reserve can’t assume its benchmark lending rate won’t return to zero at some point in the future, according to ...
Fed officials have since admitted inflation’s been surprisingly slow to drop, and economists expect the Fed to pencil in fewer rate cuts this time. But whether it’ll be one or two is a close call.
For example, the fed funds futures contract expiring in July 2024 indicated a 95.9% chance that the Federal Reserve would keep rates at 525-550 basis points during the July 31, 2024, FOMC meeting.
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