Boston Fed President Warns That Further Rates Hikes Possible
Federal Reserve Bank of Boston President Susan Collins has warned that policymakers may still consider further rate hikes as inflation continues to cool. "In order to get back down to 2% in a reasonable amount of time we need to be patient and resolute, and...
Dollar Holds Gains Following Fed Rate Decision
The U.S. dollar held onto its gains on Thursday after the Federal Reserve decided to keep interest rates within the range of 5.25% to 5.5%. The dollar index, measuring the greenback against a basket of major currencies, rose to 105.68—its peak since March—before closing...
U.S. Stocks Mixed as Fed Decision Countdown Gets Underway
U.S. stocks were mixed on Wednesday as investors braced themselves for the Federal Reserve's latest interest rate decision due to be released later in the day. Markets are expecting the Fed to pause its interest rate hiking agenda, keeping rates in the range of...
Bond Traders Brace Themselves for Upcoming Fed Meeting
Bond investors are on edge as they await the Federal Reserve's latest interest rate decision due to be announced next week. In addition to Wednesday's interest rate policy decision, the Fed will also be revealing its updated quarterly forecasts for its policy rate going...
Fed Expected to Pause and Reflect on Rate Hikes in June
The Federal Reserve appears poised to take its first pause from its interest rate hiking agenda after 15 straight months. Now markets expect the Federal Open Market Committee on Wednesday to keep its benchmark lending rate in the range of 5% to 5.25%.
Ahead of...
Not Enough Reason to Pause Rate Hikes, Fed Official Claims
The Federal Reserve Bank of Cleveland President Loretta Mester revealed on Wednesday that she sees no "compelling" reason for the U.S. central bank to consider pausing its interest rate hikes during its next policy meeting.
"I don't really see a compelling reason to pause," Mester stated...