* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, July 28, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

    Cote de Pablo reveals how Michael Weatherly used his soap opera roots to put her at ease in “NCIS” love scene – yahoo.com

    Cote de Pablo Reveals How Michael Weatherly’s Soap Opera Background Made Their “NCIS” Love Scene Easier

    City of Pelham announces entertainment district plans for former Oak Mountain Amphitheatre site – WVTM

    Pelham Unveils Exciting New Entertainment District Plans for Former Oak Mountain Amphitheatre Site

    Black Box Players presents ‘The Three Musketeers’ – CBS 19 News

    Experience the Adventure: Black Box Players Bring ‘The Three Musketeers’ to Life!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Behind the Screens: The Impact of Technology on Real Estate – TRREB

    Behind the Screens: How Technology is Transforming the Future of Real Estate

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

    Cote de Pablo reveals how Michael Weatherly used his soap opera roots to put her at ease in “NCIS” love scene – yahoo.com

    Cote de Pablo Reveals How Michael Weatherly’s Soap Opera Background Made Their “NCIS” Love Scene Easier

    City of Pelham announces entertainment district plans for former Oak Mountain Amphitheatre site – WVTM

    Pelham Unveils Exciting New Entertainment District Plans for Former Oak Mountain Amphitheatre Site

    Black Box Players presents ‘The Three Musketeers’ – CBS 19 News

    Experience the Adventure: Black Box Players Bring ‘The Three Musketeers’ to Life!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Behind the Screens: The Impact of Technology on Real Estate – TRREB

    Behind the Screens: How Technology is Transforming the Future of Real Estate

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

US Fed holds interest rates steady, sees just one cut in 2024

June 12, 2024
in Business
US Fed holds interest rates steady, sees just one cut in 2024
Share on FacebookShare on Twitter

Home

News

World

Updated – June 13, 2024 at 12:15 AM.

The US central bankers believe they’ll cut interest rates just once this year, two fewer than they thought in March

FILE PHOTO: The Federal Reserve building stands in Washington

FILE PHOTO: The Federal Reserve building stands in Washington
| Photo Credit:
Joshua Roberts

The US central bankers believe they’ll cut interest rates just once this year, two fewer than they thought in March as inflation approaches their 2 per cent goal more slowly than they had expected.

That’s according to the median of new economic projections published on Wednesday by the Federal Reserve at the end of their June 11-12 meeting along with the widely expected decision to keep the policy rate unchanged in the 5.25-5.5 per cent range.

By the end of 2025, policymakers anticipate a policy rate of 4.1 per cent, according to the median of their projections, implying an additional four quarter-of-a-percentage-point cuts next year.

In March, the last time the Fed released quarterly projections, most US central bankers anticipated at least three 25 basis point rate cuts in each of 2024 and 2025. That would have put the policy rate in the 3.75-4 per cent range by the end of next year.

A run of stronger-than-expected inflation earlier this year has forced US rate-setters to recalibrate, writing down a slower start to rate cuts in the face of an economy proving more resilient than expected to the braking power of high borrowing costs.

Also read: India’s retail inflation at 1-year low of 4.75% in May on cheaper staples

It was not immediately clear how data released on Wednesday showing no rise in consumer prices in May from April may have factored into their forecasts.

The Fed has kept its target for the overnight bank-to-bank lending rate in its current range since last July in a bid to squeeze high inflation out of the economy without massive harm to the job market.

Four Fed policymakers feel the Fed should not cut rates at all this year, the fresh projections show. Three months ago just two thought so.

Meanwhile seven policymakers believe a single rate cut will be appropriate by year’s end, compared with eight who believe two rate cuts will be needed.

INFLATION RETHINK

Policymakers are now penciling in a fourth-quarter inflation rate of 2.6 per cent, based on the year-over-year change in the personal consumption expenditures price index, which they target at 2 per cent.

That’s slightly higher than the 2.4 per cent they saw in March, according to the projections, even as they expect to keep borrowing costs higher for longer. PCE inflation registered 2.7 per cent in each of the last two months.

Also read: Full Budget for FY25 likely during second fortnight of July

The forecasts are not a consensus view, but rather a midpoint of the individual expectations of the Federal Reserve’s seven Washington-based governors and the 12 Fed bank presidents that is meant to offer some guidance on policymakers’ thinking.

Core PCE inflation – which strips out the cost of food and energy and which the Fed uses to gauge underlying price pressures – will be at 2.8 per cent in the fourth quarter of 2024, and at 2.3 per cent in the fourth quarter of 2025, according to the median projections.

That compares with the March median projection of 2.6 per cent in 2024 and 2.2 per cent in 2025.

The economic projections suggest Fed policymakers continue to expect a so-called soft landing, where the economy slows and inflation falls without a surge in joblessness.

Fed policymakers do see the unemployment rate, now at 4 per cent, rising to finish 2025 at 4.2 per cent, higher than the 4.1 per cent they had forecast in March.

They left their forecasts for the US economic growth unchanged, at 2.1 per cent this year, and 2.0 per cent next year.

Fed policymakers also lifted their estimates of the longer-run neutral rate – a policy rate that neither slows nor stimulates a healthy economy – to 2.8 per cent, from 2.6 per cent in March and 2.5 per cent last December. The increase may suggest that the Fed may ultimately not end up cutting rates as much as previously thought.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TheHinduBusinessLine – https://www.thehindubusinessline.com/news/world/us-fed-holds-interest-rates-steady-sees-just-one-cut-in-2024/article68282782.ece

Tags: businessholdsInterest
Previous Post

India reports first human case of bird flu in West Bengal

Next Post

What physical, mental and genetic changes do astronauts undergo? Inspiration 4 Mission gives shocking information

Pine Park Becomes a Cold-Weather Ecology Lab – Dartmouth

Pine Park Becomes a Cold-Weather Ecology Lab – Dartmouth

July 28, 2025
National Science Foundation staff decry Trump’s ‘politically motivated’ cuts – The Guardian

National Science Foundation Staff Rally Against Politically Motivated Budget Cuts Under Trump

July 28, 2025
Test Yourself on Science Fiction That Became Reality – The New York Times

Can You Believe These Science Fiction Ideas Are Now Reality?

July 28, 2025
At 35, wobbling on a bike, I met the child I never got to be – VegOut

At 35, Wobbling on a Bike, I Rediscovered the Child I Never Got to Be

July 28, 2025
In a stressful human world, ‘mermaiding’ gains popularity in D.C. area – The Washington Post

Escape Stress with the Magical World of Mermaiding: A Growing Trend in the D.C. Area

July 28, 2025

Iran’s Economy in Crisis: Soaring Inflation and Collapsing Investments Shake the Nation

July 28, 2025
Micro wrestling coming to NE Ohio – Cleveland.com

Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

July 28, 2025
Pacific Mind Health Releases 5-Minute Mental Health Check-In Toolkit – Yahoo Finance

Boost Your Wellbeing with the New 5-Minute Mental Health Check-In Toolkit

July 28, 2025
‘Adapt … or we’re in danger of becoming extinct’: See Rep. Torres’ warning for Democrats – CNN

Adapt or Face Extinction: Rep. Torres Delivers Stark Warning to Democrats

July 28, 2025
U.S. House Passes Florida Congressman’s Consumer Safety Technology Act – West Orlando News

U.S. House Passes Landmark Consumer Safety Technology Act Introduced by Florida Congressman

July 28, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (743)
  • Economy (767)
  • Entertainment (21,647)
  • General (16,155)
  • Health (9,804)
  • Lifestyle (775)
  • News (22,149)
  • People (769)
  • Politics (776)
  • Science (15,981)
  • Sports (21,264)
  • Technology (15,747)
  • World (750)

Recent News

Pine Park Becomes a Cold-Weather Ecology Lab – Dartmouth

Pine Park Becomes a Cold-Weather Ecology Lab – Dartmouth

July 28, 2025
National Science Foundation staff decry Trump’s ‘politically motivated’ cuts – The Guardian

National Science Foundation Staff Rally Against Politically Motivated Budget Cuts Under Trump

July 28, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version