The Fed is easing up ever so slightly on the size of its interest rate hikes. But it's made clear that rates are only going up from here, even if it's at a slower pace.
ever so slightly on the size of its interest rate hikes. But it made clear Wednesday that rates are only going up from here, even if it's at a slower pace., but prices are still rising enough to be a problem for the central bank. With the jury still out on whether the economy will slip into a recession , the Fed’s task of engineering a soft landing for the economy is increasingly fraught.
"I wish there [was] a completely painless way to restore price stability. There isn't,” Fed Chair Jerome Powell told reporters on Wednesday.suggests a rate cut won’t be in the cards until 2024 at the earliest, and “shows a Fed that is clearly determined to err on the side of not giving up the fight on inflation too early,” BlackRock's Rick Rieder said on Tuesday.to describe a Fed whose commitment to tighter policy risks upending a debt-saddled economy.
With benchmark rates inching closer to 5%, the Fed "straddle[s] the line in discord and rhyme," the veteran market watcher wrote in a note. “I say this because of the size of the debt on which these rate increases are taking place against.”Consumers are facing higher borrowing costs. Mortgage rates, while having dipped recently, are still close to 7%. Meanwhile, Bankrate.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forex Today: ECB, BoE, SNB All Expected to Hike by 0.50%Today's Forex news: 3 European Central Banks Expected to Raise Rates Today; Fed Hikes Rates by 0.50%; Fed Sees Rates Above 5% in 2023, Powell: Fed Has “Ways to Go”;
Read more »
Adam Lambert delivers mesmerizing cover of Duran Duran's 'Ordinary World'Adam Lambert unveiled a video for his version of Duran Duran’s 1993 smash “Ordinary World.”
Read more »
Adam Lambert Launches 'High Drama' Album With New Spin on Duran Duran's 'Ordinary World'.adamlambert is the person at karaoke who sheepishly pretends they don’t want to take the mic, only to turn the room into an American Idol-esque set. Now, he’s created an album that captures that exact feeling – HighDrama.
Read more »
Stocks dip after Fed raises key rates another half-point -SAN DIEGO (KUSI) – On Wednesday, Dec. 14, the Federal Reserve announced it will be hiking interest rates an additional half point to reinforce their fight against inflation. The key short term rate for U.S. loans is now 4.25-4.75%. The Fed has repeatedly increased interest rates in hopes of a “soft landing” as the nation faces a potential recession. This...
Read more »
Fed Now Sees Rates Topping 5% In 2023In recent months U.S. inflation has broadly trended lower, despite remaining elevated in historical terms. Despite this, the Fed is planning to move rates above 5% at its early 2023 meetings.
Read more »
Fed Raises Rates Another 50 Basis Points—Signals More Hikes To Come Next YearThe Federal Reserve on Wednesday eased up on its most aggressive economic tightening campaign in three decades, raising interest rates by 50 basis points but leaving the door open for additional hikes next year.
Read more »