By CHRISTOPHER RUGABER WASHINGTON (AP) — Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected. Related Articles National News | Migrant flights lawsuit against DeSantis should move forward, plaintiffs urge judge National News | 5 dead, others injured in a shooting at a private Christian school in Wisconsin National News | Drone sightings lead to airspace shutdown at Ohio military base, arrests near Boston airport National News | Japan’s Softbank plans to invest $100 billion in US projects over the next four years National News | As schools cut back on bus service, parents are turning to rideshare apps The officials are set to reduce their benchmark rate, which affects many consumer and business loans, by a quarter-point to about 4.3% when their meeting ends Wednesday.
Similar Stories to Federal Reserve Is Likely To Slow Its Rate Cuts With Inflation Pressures Still Elevated on Bing News
Associated Press, South Florida Sun-Sentinel
Mon, 12/16/2024 - 11:12am
Topics: christopher rugaber washington ap americans related articles migrant desantis christian wisconsin drone ohio boston chair jerome powell economists we re david wilcox peterson institute international president-elect donald trump united states growth wall street march trump s tara sinclair george washington treasury department it and richard clarida july-september november there david beckworth mercatus center george mason fed fed fed s national news july september fed powell powell economics trump powell university slow elevated rate cuts inflation pressures rates level policymakers higher meeting wednesday year expected officials point week high cutting neutral policies stuck benchmark years key target costs signal foresee approach interest bank cautious deportations proposed result central official full quarter-point peak lead consumer annual senior economy tax
BING NEWS:
- Federal Reserve is expected to make 3rd consecutive rate cut this week. Here's what to know.
Yet many experts are also bracing for a slower pace of cuts in 2025 given the nation's still-sticky inflation rate and some of President-elect Donald Trump's proposed economic policies, which, if ...
12/16/2024 - 6:55 am | View Link - Interest rate cuts may pause soon, experts say. Here's why
To be sure, the central bank has emphasized that it will adjust its rate decisions based on incoming economic data. Evidence of cooling inflation or a weakening economy may nudge policymakers toward ...
12/16/2024 - 6:06 am | View Link - Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
The officials are set to reduce their benchmark rate, which affects many consumer and business loans, by a quarter-point to about 4.3% when their meeting ends Wednesday.
12/16/2024 - 5:22 am | View Link - Why the Fed is likely to cut interest rates again despite inflation uptick, solid economy
The Federal Reserve is expected to cut interest rates for a 3rd straight meeting despite a recent inflation pick-up and solid economy and job market.
12/16/2024 - 3:24 am | View Link - Fed Signals Slower Rate Cuts as Inflation Stays Above Target
The Federal Reserve is set to take a more cautious approach, as inflation remains above its two percent target.
12/15/2024 - 11:47 pm | View Link - More
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