Tag: Federal Reserve

Friday, November 8th 2024 - 19:21 UTC
US Federal Reserve cuts rate by 25 basis points, but future decisions to be conditioned by Trump and Republicans dominance

The US Federal Reserve’s Open Market Committee cut interest rates by a quarter percentage point, on Thursday, the same week in which Donald Trump was swept in as elected president with a Legislative and Judicial branch packed with his conservative populists.
Thursday, August 1st 2024 - 07:48 UTC
US Fed keeps rates unchanged; chair Powell believes a cut rate “could be on the table in September”

The Unites States Federal Reserve on Wednesday, following on a two day meeting (July 30/31) kept the key interest rate unchanged at a 23 year high of 5,3%, but chairman Jerome Powell said that the stage was set for the central bank's first rate cut in four years. With lower inflation and a cooler jobs market, this could happen at the next FOMC meeting in September.
Thursday, June 13th 2024 - 10:21 UTC
Falklands, survey shows support for draft Energy Strategy and Implementation Plan

From December 2023 to February 2024, the Falkland Islands Environment Department held a public consultation on the draft Energy Strategy and Implementation Plan. In total, 57 surveys were returned, and further comments were collected through public meetings and sessions with Stakeholders in Stanley and West Falkland.
Thursday, May 2nd 2024 - 05:08 UTC
The Fed leaves rates unchanged because of lack of further progress on lowering inflation

The United States kept interest rates unchanged, given “a lack of further progress” toward lowering inflation. This means the Fed rate at 5,25% and 5,5% is at the highest level in more than two decades.
Friday, April 12th 2024 - 15:40 UTC
European Central bank keeps high interest rates unchanged; US surprised by rising inflation in March

In a week in which the United States was surprised by an increase in inflation further delaying prospects of a soon cut in the Federal Reserve's rate cut, the European Central Bank held interest rates at a record high, although as usual signaling it could cut interest rates at its next meeting in June.
Monday, April 1st 2024 - 12:22 UTC
Federal Reserve chairman Powell, “in no rush to begin cutting interest rates”

Despite an encouraging Personal Consumption Expenditure Index, PCE, Federal Reserve Chair Jerome Powell repeated on Sunday that the U.S. central bank isn’t in any rush to cut interest rates as policymakers await more evidence that inflation is contained.
Saturday, September 23rd 2023 - 11:52 UTC
US Fed leaves rates unchanged but anticipates one more rise in November

The Federal Reserve left its benchmark interest rate unchanged this week, pausing an aggressive inflation fight amid growing optimism that the United States can achieve normal price levels without falling into a recession.
Thursday, June 22nd 2023 - 15:55 UTC
Fed's Powell questioned in Congress over inflation and bank regulation

Since inflation in the United States is still excessive, most Federal Reserve officials expect to raise interest rates further this year this year, Chair Jerome Powell told a House committee on Wednesday, who also had to respond about alleged further banking regulations.
Thursday, June 15th 2023 - 06:50 UTC
Fed makes a pause, leaves rates unchanged but anticipates two further moves before 2024

The United States Federal Reserve this Wednesday, following a two-day meeting decided to keep the interest rate unchanged but the Federal Open Market Committee anticipated that a further two hikes of quarter percentage moves can be expected before the end of the year.
Thursday, May 25th 2023 - 10:45 UTC
US Federal Reserve divided on how to continue with interest rates, FOMC minutes

US Federal Reserve minutes released this Wednesday showed officials split at their last meeting over how to continue with interest rates: some members saw the need for more increases while others expected a slowdown in growth to remove the need to tighten further.