The Fed signals slower 2025 rate cuts and raises inflation forecasts, projecting core PCE at 2.5% for 2025. Stocks sharply pulled back after the decision, and the dollar index jumped 0.7%.

On Dec. 18, the Federal Reserve made its third consecutive cut of 2024, reducing the federal funds rate by 0.25 percentage points. Yet the Fed also projected a slower pace of cuts in 2025 ...

reducing its benchmark rate by 0.25 percentage points amid cooling inflation. Yet in a blow for borrowers, the central bank also projected that it will loosen rates less next year than previously ...

This projection suggests the potential of only two additional 0.25% rate cuts during next year, a meaningful revision from the full percentage point of cuts expected in September. For 2026 ...

reducing its benchmark rate by 0.25 percentage points amid cooling inflation. Yet in a blow for borrowers, the central bank also projected that it will loosen rates less next year than previously ...

WASHINGTON – The Federal Reserve lowered its key interest rate by another quarter percentage point Wednesday but forecast a significantly slower pace of rate cuts next year following a recent ...

A report next week is likely to reveal the PCE index edged up just 0.1% on a monthly basis in November, Barclays said. Items such as vehicles and hotel rates that weigh heavily in the CPI ...

The Federal Reserve on Wednesday cut interest rates by a quarter point, the third rate cut since it began to lower borrowing costs in September. The central bank’s latest move leaves its ...

That meant longer-term measures of interest rates rose, pushing government bond yields higher and pausing the stock market’s post-election rally. The reaction ... moved 0.1 percentage points ...

The Fed then followed that with a 0.25-point cut on Nov. 7, and then another quarter-point reduction Wednesday. That has taken the benchmark rate down a full percentage point over the past three ...

Their recent history includes a 1-1 draw and three narrow victories for Spain (1-0 and 3-2) during their 2023 clashes, underlining how evenly matched these teams can be. For the Azzurre ...