Fed minutes suggest rate cut on the cards

Fed minutes suggest rate cut on the cards

The Federal Reserve looks increasingly likely to cut interest rates at its next meeting in September. Minutes from the US central bank's July meeting, released on Wednesday, show most policymakers supported a reduction if inflation continued to cool. Here's the report with Sally Patterson.

August 22, 2024 37

Business / Economics

Fed keeps rates unchanged

The Federal Reserve has left interest rates unchanged at its two-day meeting, but suggested a September rate cut could be on the cards. The central bank said inflation was getting closer to its 2% target, but there's still work to do. Sally Patterson reports from New York.

August 1, 2024 25

Business / Economics

Local Economics Researcher Josef Sheehama predicts the U.S Federal Reserve will cut interest rates by 0.25 basis points

Local Business and Economics Researcher , Josef Sheehama predicts the U.S Federal Reserve will cut interest rates by 0.25 basis points in September, citing cooling inflation and a softening job market. Despite objections from presidential candidate Donald Trump, Sheehama remains confident that the rate cut will proceed, driven by positive economic indicators and the Fed's commitment to achieving a 2% inflation target.

July 29, 2024 39

Business / Economics

US central banks keeps interest rate unchanged and hits at just one future cut

The US Federal Reserve says it intends to bring down interest rates by the end of the year — but only once, quashing any expectations of much sharper cuts. The country's central bank left borrowing costs on hold between 5.25%-5.5%, a 23-year high. As our correspondent Benji Hyer reports.

June 13, 2024 37

World

Fed leaves rates unchanged, signals cuts in 202

The US Federal Reserve has left interest rates unchanged, but signaled it plans to make three rate cuts next year. It follows an intense 21 months of rate hikes to try and get inflation under control. Nick Harper reports from Washington.

December 14, 2023 24