More than seven years ago, the Federal Reserve put its benchmark interest rate close to zero, as a way to bolster the economy. But that policy is about to change.

Topics:  federal reserve   
BING NEWS:
  • US Economy News Today: At Least One Fed Official is Still Open to Rate Hikes
    Today, the labor market showed signs of weakness and Federal Reserve officials spoke for the first time since their meeting this week.
    05/3/2024 - 5:58 am | View Link
  • Fed’s Bowman says she’s still willing to raise rates
    I remain willing to raise the federal funds rate at a future meeting should the incoming data indicate the progress on inflation has stalled or reversed,” Fed Governor Michelle Bowman said Friday.
    05/3/2024 - 2:45 am | View Link
  • Asian Stocks Rally, Yen Climbs to Three-Week High: Markets Wrap
    Yet Chair Jerome Powell said it’s unlikely that the Fed’s next move would be to raise rates. “While the Fed appears to have all but ruled out a rate hike, it also made clear it’s willing to keep rates ...
    05/2/2024 - 2:40 pm | View Link
  • Wall Street ends higher as Fed signals dovish bias; jobs report eyed
    U.S. stock index futures advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed fears around potential rate hikes, with focus moving to a spate of earnings ...
    05/2/2024 - 11:59 am | View Link
  • Fed Says Inflation Progress Has Stalled and Extends Wait-and-See Rate Stance
    U.S. central bank officials also approved a plan to slow the continuing reduction of their $7.4 trillion asset portfolio.
    05/2/2024 - 8:54 am | View Link
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