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Fed Does Not Need to Hurry on Cutting Interest Rates

Fed Chair Powell says officials are in no hurry to cut interest rates

The US central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday.

Financial Times · 9h

Powell testimony live: Fed chair tells Senate bank is in ‘no hurry’ to cut interest rates

The Federal Reserve chair said in testimony to the Senate Committee on Banking, Housing and Urban Affairs on Tuesday: “With our policy stance now significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry to adjust our policy stance.”

MarketWatch · 12h

Powell Senate testimony: Fewer interest-rate cuts seen in wake of hearing

Federal Reserve Chairman Jerome Powell will answer questions from members of the Senate Banking Committee starting at 10 a.m. Eastern. Economists hope the lawmakers will press Powell on what he means when he said there is "no hurry" to cut the benchmark interest rate any further.

Bank of England, interest rate

Reuters on MSN · 45m

Bank of England to cut interest rates only twice more, NIESR predicts

Britain is set for solid growth and falling inflation this year but the Bank of England has little scope to cut interest rates further, the NIESR think tank predicted on Wednesday in a relatively upbeat set of forecasts.

Daily Mail on MSN · 8h

Bank of England chief fuels hopes of faster interest rate cuts

Catherine Mann, a member of the rate-setting Monetary Policy Committee, insisted a predicted rise in prices would likely just be a 'hump'.

Investing.com on MSN · 12h

Bank of England's Mann clarifies stance on interest rate cuts

Catherine Mann, a policymaker at the Bank of England (BoE), clarified her stance on interest rate cuts during a speech on Tuesday. Her recent vote for a half percentage-point cut in interest rates, which came as a surprise to investors,

Appropriate to Hold Rates Steady for 'Some Time'

Bloomberg L.P. · 11h

Fed’s Hammack Says Rates on Hold Until Inflation Ebbs Further

Federal Reserve Bank of Cleveland President Beth Hammack said it’s appropriate to keep interest rates steady for “some time” while policymakers await further downward progress on inflation and analyze the economic effects of new government policies.

MarketWatch · 12h

Cleveland Fed's Hammack: Appropriate to Hold Rates Steady for 'Some Time'

The Fed's preferred inflation metric stubbornly increased again to 2.6% over the 12 months through December. Persistent inflation led the Fed to interrupt a series of three recent rate cuts by holding interest rates constant at a range of 4.

Investing.com on MSN · 9h

Cleveland Fed chief advocates for steady interest rates amid inflation concerns

Federal Reserve Bank of Cleveland President, Beth Hammack, has advocated for maintaining current interest rates for an undetermined period. This comes as policymakers continue to monitor inflation rates and assess the impact of new governmental policies on the economy.

1don MSN

Will mortgage interest rates fall in February without a Fed meeting? Experts weigh in

If you look at the biggest industry forecasts, analysts predict that mortgage rates will either hold steady or drop slightly ...

14hon MSN

Fed faces thorny decisions as it weighs when to lower interest rates amid Trump's tariffs

The Fed faces complex decisions as it decides how quickly to cut rates or whether to raise them amid Trump's tariffs and ...

Solid January Jobs Data Will Likely Keep Fed Interest Rate Cuts On Hold

The January jobs report revealed a drop in the unemployment rate to 4%, accompanied by payroll gains of 143,000. A Fed ...

5don MSN

Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates

Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got ...

Increased interest income: A blessing and a curse

Rising interest rates have been a double-edged sword. While they’ve been tough on borrowers, savers have seen a significant ...

Forbes17h

CD Interest Rates Forecast: Will CD Rates Go Up In 2024?

With more than three years of experience as a personal finance writer, Jamela Adam simplifies complex money topics to help readers become experts at managing their finances. Her work has been ...

A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money

A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates ...

UK interest rates are too restrictive

At 4.5 per cent, the bank rate is well above most estimates of the so-called neutral rate, the point at which monetary policy is neither expansionary nor contractionary. Inflation is close to target, ...

15 savings accounts with interest rates of 4% APY and higher (updated weekly)

Is it possible to find savings accounts with interest rates of 4% or more? See which banks currently offer 4% interest ...

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Fed Does Not Need to Hurry on Cutting Interest Rates

Bank of England, interest rate

Appropriate to Hold Rates Steady for 'Some Time'

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