Browsing: Interest rates

Newsbytes

In a speech today, Federal Reserve Chairman Jerome Powell said while inflation remains persistently high, the Federal Open Market Committee may slow the pace of increases in the federal funds rates starting as early as its December meeting.

Economy Federal Reserve Vice Chair Lael Brainard at podium making a speech

The “relative inelasticity of supply in key sectors” sets the economy of the past three years (encompassing the COVID-19 pandemic and the Russian war in Ukraine) apart from the 30-year period prior, Federal Reserve Vice Chair Lael Brainard said.

Newsbytes

Against the backdrop of significantly slowing economic growth and a tight labor market, Federal Open Market Committee members agreed to raise the federal funds rate another 75 basis points at their recent Nov. 1-3 meeting, according to minutes released Wednesday.

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