At today's meeting, the committee decided to lower the target range for the federal funds rate by a quarter percentage point 2 to 3 and three quarters to 4%. Conditions in the labor market appear to be gradually cooling and inflation remains somewhat elevated. The shutdown of the federal government will weigh on economic activity while it persists, but these effects should reverse after the shutdown ends.If you were to see data that suggests that the labor market is strengthening or even that it's stabilizi ...

Federal Reserve Chairman Jerome Powell delivers remarks following the Fed's two-day policy meeting on Wednesday. Markets are assigning a nearly 100% probability that the Federal Open Market Committee will approve a second consecutive quarter percentage point, or 25 basis point, reduction in the federal funds rate. The overnight lending benchmark is currently targeted between 4%-4.25%. Beyond that, policymakers are likely to debate, among other things, the future path of reductions, the challenges posed by a ...

Wall Street strategists are divided on what to replace the federal funds rate with should the Federal Reserve decide to abandon the long-used policy target https://t.co/0NR6J7Y1mE ...

Well, adjustable rate mortgages, which fell out of favor in the aftermath of the financial crisis, are catching on again. Here with the story is senior housing reporter Claire Boston. So, Claire, to start here, what exactly is an adjustable rate mortgage.>> Hi, Ally. So, as the name suggests, an adjustable rate mortgage, the interest rate can change over time. Typically, these days, you get either a 5, seven, or 10-year period where you have a fixed rate on your mortgage.And then after that period expires, ...

Monetary Policy - Dallas Fed President Lorie Logan suggests the US central bank should abandon the federal funds rate as its benchmark in implementing monetary policy [1]

Thank you. Colobby Smith with the uh New York Times. Um two of your colleagues called for a quarter point cut today and I'm wondering what aspects of their argument were most compelling to you and how you're weighing their views against those um on the committee who as of the June forecast uh were in the camp of the Fed holding interest rate study uh for the remainder of the year.Um and and just in terms of the the June SEP in particular, is that still the best representation of where the core of the commit ...