The Fed Declines To Raise Its Benchmark Interest Rate, As Expected

WASHINGTON — The Federal Reserve on Wednesday left its benchmark interest rate unchanged while signaling further gradual rate hikes in the months ahead as long as the economy stays healthy. The Fed’s widely expected decision kept the central bank’s key short-term rate at 1.75 percent to 2 percent – the level hit in June when the Fed boosted the rate for a second time this year. In June, the Fed projected four rate hikes this year, up from three in 2017.

Sections:  u.s.   
Topics:  Maine   Cumberland County   Portland   
BING NEWS:
  • Bank Of America Scraps Interest Rate Cut Calls, Betting Markets Go Haywire As Hiking Panic Mounts
    The December jobs report surprised markets, leading to Wall Street banks abandoning rate cut predictions. A strong labor market may bring back interest rate hikes.
    01/10/2025 - 6:38 am | View Link
  • Why the December Jobs Report Dashed Hopes for Another Fed Rate Cut
    If you've been waiting for borrowing costs to fall for credit cards, car loans or mortgages, your wait just got longer.
    01/10/2025 - 6:38 am | View Link
  • Stocks and Bonds Rattled as Odds of Fed Rate Cut Recede
    Stronger-than-expected data on the labor market has added to clues that the economy continues to run at a solid pace, amplifying fears about stubborn inflation.
    01/10/2025 - 4:10 am | View Link
  • Strong US job growth raises doubts about further Fed rate cuts
    The U.S. job market again defied an anticipated slowdown, with firms adding more than a quarter of a million jobs in the last full month of Joe Biden's presidency and leaving Federal Reserve ...
    01/10/2025 - 3:49 am | View Link
  • Why two Fed officials doubt the need for many more rate cuts
    Two top Federal Reserve officials on Thursday questioned the need for many more interest rate cuts. Fed Governor Michelle Bowman and Kansas City Fed President Jeff Schmid both said the 100 basis ...
    01/9/2025 - 6:31 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News