The US Federal Reserve could cut rates three or four times this year if inflation data cooperates, with a first cut possible before July, a senior bank official said Thursday.
Fears of elevated interest rates dampened the mood on Wall Street at the start of this year–but cooling core inflation and dovish comments by Federal Reserve governor Christopher Waller have given investors reason to feel a bit more cheerful this week.
The S&P 500 gained 1% on Friday, capping off the last trading day of Biden's presidency and marking the best week since the election.
Inflation should continue falling in 2025 and allow the U.S. Federal Reserve to further reduce interest rates, though at an uncertain pace, Federal Reserve Governor Christopher Waller said on Wednesday.
Federal Reserve Governor Christopher Waller said Wednesday that he supported more interest rate cuts this year and didn't think that proposed import tariffs from the incoming Trump administration ...
A top policymaker at the US Federal Reserve says that he still supports reducing interest rates this year, despite elevated inflation and the prospect of widespread tariffs.
Stocks struggled to make headway after a solid rally, while bond yields dropped on dovish remarks from Federal Reserve Governor Christopher Waller.
By Howard Schneider, Ann Saphir WASHINGTON (Reuters) -Inflation is likely to continue to ease and possibly allow the U.S. central bank to cut interest rates sooner and faster than expected, Federal Reserve Governor Christopher Waller said on Thursday in comments that pushed against recent market moves that anticipate a shallower Fed rate path.
Treasury yields were little changed on Friday after sharply falling earlier in the week, as investors assess the U.S. inflation outlook. The 10-year Treasury was up one basis point at 4.617%. The 2-year Treasury yield inched up 4 basis points at 4.
President-elect Donald Trump’s inauguration will be moved indoors on Monday. The change is due to “dangerously cold temperatures,” and the event will now be held inside the Capitol Rotunda. “It is my obligation to protect the People of our Country but, before we even begin, we have to think of the Inauguration itself,” Trump posted to Truth Social.
The prospect of a hiatus in rate cuts, or even a rate hike, had driven up Treasury yields, which weighed on utility stocks in recent sessions. Write to Rob Curran at [email protected]