Richmond Fed President Tom Barkin thinks the Fed's benchmark rate, now in a range of 4.5%-4.75%, is better positioned to move in either direction depending on how the economy evolves. In his talk, ...
At the end of its Federal Open Market Committee session on November 7, 2024, the Fed announced a cut to the federal funds target interest rate to a range of 4.50% to 4.75%. It marks the second ...
“With inflation and unemployment being so close to normal levels, it’s okay to dial back the level of restraint, somewhat,” Barkin said, referring to cuts to the Fed’s key interest rate.
Knowing the Fed's plans can help plot your course for the next 12 months. The Federal Open Market Committee is meeting today, tomorrow, and again in December. After making a larger half-percent ...
Richmond Fed President Thomas Barkin said the central bank’s fight to return inflation to its 2% target may take longer than expected, limiting interest rate cuts. Boeing dropped 1.8% after ...
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