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 ...

Federal Reserve officials were split on delivering more interest rate cuts at ... The investor reaction to minutes was muted, with the S&P 500 stock index holding its 0.4% daily gain and bond ...

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 ...

Joel Kan, vice president of the Mortgage Bankers Association, says the downward trend in rates is drawing buyers back to the housing market. “The recent strength in purchase activity continues ...

AC Milan were cut further adrift of the Serie A top four as their slow start to the season continued with a goalless draw against Juventus at The Stadio Giuseppe Meazza. Paulo Fonseca’s side now ...