Our monetary policy actions are guided by our dual mandate to promote maximum employment and stable prices for the American people. At today's meeting, the committee decided to lower the target range for the federal funds rate by a quarter percentage point to 3 to 3 and 3/4%. In the near term, risks to inflation are tilted to the upside and risks risks to employment to the downside, a challenging situation.There is no risk-free path for policy as we navigate this tension between our employment and inflation ...

🇺🇸 UPDATE: Fed Chair Powell says monetary policy is not on a preset course, with decisions to be made meeting by meeting https://t.co/Kg0JJWtrdg ...

Core Viewpoint - The Federal Open Market Committee has decided to lower the policy interest rate by a quarter percentage point to support employment and inflation goals, while also initiating purchases of shorter-term Treasury securities to maintain an ample supply of reserves [2] Economic Activity - Economic activity is expanding at a moderate pace, with solid consumer spending and continued growth in business fixed investment [3] - The housing sector remains weak, and the temporary federal government shutdown has negatively impacted economic activity, though growth is expected to rebound next quarter [4] Labor Market - Despite delays in official employment data, evidence indicates low levels of layoffs and hiring, with perceptions of job availability declining [5] - The unemployment rate has edged up to 4.4%, with job gains slowing significantly, attributed to a decline in labor force growth due to lower immigration and participation [5][6] - The median projection for the unemployment rate is 4.5% at the end of this year, with a slight decrease expected thereafter [6] Inflation - Inflation has eased from mid-2022 highs but remains elevated, with total PCE prices rising 2.8% over the 12 months ending in September [7] - Core PCE prices also rose 2.8%, with inflation for goods increasing due to tariffs, while disinflation in services continues [8] - The median projection for total PCE inflation is 2.9% this year and 2.4% next year, with a long-term goal of 2% [9]

Today, the Federal Open Market Committee decided to lower our policy interest rate by a quarter percentage point. As a separate matter, we also decided to initiate purchases of shorterterm Treasury securities solely for the purpose of maintaining an ample supply of reserves over time, thus supporting effective control of our policy. ...

Key Takeaways Official interest rates are declining, but not the rates that could matter the most to everyday Americans. Treasury yields ticked up to a three-month high on Wednesday morning despite near certainty on Wall Street that the Federal Reserve was hours away from cutting interest rates. The 10-year Treasury yield, which influences interest rates on a variety of consumer loans including mortgages, rose Wednesday morning to 4.21%, its highest level since early September. Meanwhile, traders put the pr ...

Where do you think the uh the possibility of surprise this afternoon is the most ripe. >> Well, there's going to be one descent on the Dove side for sure, but I I expect between at least one descent on the Hawker side, maybe as many as three um something of a may maybe not a jailbreak, but a significant registration of um uh objection uh to this rate cut. Um I think we're going to get a rate cut.Um, I think Pal's going to corral the group uh into going along with that, but I I expect a very hawkish press co ...

Where do you think the uh the possibility of surprise this afternoon is the most ripe. >> Well, there's going to be one descent on the Dove side for sure, but I I expect between at least one descent on the Hawker side, maybe as many as three um something of a may maybe not a jailbreak, but a significant registration of um uh objection uh to this rate cut. Um I think we're going to get a rate cut.Um, I think Pal's going to corral the group uh into going along with that, but I I expect a very hawkish press co ...

Mr. Mavroudis is a professional portfolio manager specializing in institutional and private portfolios. He focuses on risk management, which is accompanied by in-depth financial market analysis (fundamental, macro and technical) to control the risk undertaken by the portfolios. He invests in all financial instruments globally (stocks, bonds, fx, commodities), restructuring investment portfolios based on prevailing conditions and the needs of each client-investor. Mr. Mavroudis has successfully navigated all ...

The Fed chair sweep stakes apparently not a done deal just yet. Becky, the president confirming last night in Air Force One that he and Treasury Secretary Scott Bessant will begin a series of interviews today with candidates to replace Fed Chair Jay Powell. >> We're going to be looking at a couple of different people, but I have a a pretty good idea who I want.>> The interviews will begin with former Fed Governor Kevin Walsh, according to two sources. They come despite comments from the president last week ...

Kevin Hassett is signaling he’s ready to shake up the Federal Reserve. In an interview with FOX Business’ Larry Kudlow on Tuesday, the National Economic Council director – and Fed chair frontrunner – openly hinted he would overhaul key parts of the Federal Reserve and scrutinize everything from the Fed’s research divisions to its regional presidents."The point is the Fed should be focused on monetary policy and to try to stay out of politics," Hassett said. "And think about how many times in the last couple ...