Fed Hints at Prolonged Pause Economic data released over the last three weeks has further underscored why Fed officials were skeptical of investors’ expectations of an imminent and sustained interval of rate cuts. The Labor Department said the economy added twice as many jobs as…READ MORE
How Many Cuts? The economy has cooled gradually, a trend that Wall Street expects to continue. A belief that the Fed would cut interest rates aggressively this year sparked a rally across all asset classes to end last year. But investors have lately dialed back…READ MORE
Outlook For Pause Turns To Cuts The members of the Federal Reserve Open Market Committee (FOMC) “pivoted” to a more dovish stance in their last meeting of the year on December 13, holding rates steady and signaling that the inflation outlook has improved more quickly…READ MORE
Extended Rate Pause Federal Reserve officials were unwilling to conclude they were done raising interest rates when they decided earlier this month to extend a pause in rate increases but minutes of their most recent policy meeting suggested they might be comfortable holding rates steady…READ MORE
Consumer spending remains strong amid elevated rates. US economic growth surged this summer at the fastest pace since 2021, as consumers spent at elevated rates that forecasters believe will be difficult to sustain as high rates and global risks weight on the economy. GDP expanded…READ MORE
