#federal interest rate

[trendyfeed]

Fed meeting updates: Watch Chair Jerome Powell explain the Fed’s decision for a big rate cut,

[bobcronkphotography]

Fortress of Finance

The Federal Reserve Bank of San Francisco, California

Bob Cronk

[jeromepowell]

-50 beeps??? I dont know what to say...

How about “thank you”?

[justinspoliticalcorner]

Kellie Meyer at NewsNation:

(NewsNation) — The Federal Reserve on Wednesday cut its benchmark interest rate by half a percentage point, something it hasn’t done in more than four years. Federal Reserve officials were able to do this as the post-pandemic spike in U.S. inflation eased further last month. Year-over-year price increases reached a three-year low. The White House has been feeling hopeful about the state of the current economy, with officials maintaining that America can pull off a “soft landing” from inflation.  “The Committee has gained greater confidence that inflation is moving sustainably toward 2%, and judges that the risks to achieving its employment and inflation goals are roughly in balance,” the Fed said in a statement.

For the first time in four years, the Federal Reserve has cut its interest rate. This cut is a half percent (0.5%).

[choppedcowboydinosaur]

Leftists talk about big tech being bad and point to the low interest rates the Federal Reserve set after the 2008 recession boosting the stock market and tech companies. But they make no further connection to the Federal Reserve as whole. Perhaps the Federal Reserve should not have this kind of power. Basically, I mean this:

[bitcoinversus]

DeepSeek AI App Drives Tech Selloff, Bitcoin Decline

Bitcoin has experienced a significant decline, dropping nearly 8% in the past 24 hours, currently trading at approximately $101,518. This downturn is part of a broader market selloff influenced by concerns over the Chinese AI startup DeepSeek. DeepSeek has developed an AI model that rivals existing technologies at a fraction of the cost, raising concerns about the competitive landscape in the…

[follow-up-news]

Former President Donald Trump said Thursday that he would like a "say" in setting interest rates if he is reelected, further raising the prospect that the Republican nominee could seek to reduce the independence of the Federal Reserve if he wins in November. "I feel the president should have at least say in there, yeah, I feel that strongly," the presidential candidate said in response to a question about the US central bank interest rate policy and the prospects of a soft landing for the US economy. The brief comments came near the end of a news conference Thursday at his Mar-a-Lago club in Florida.

[muirmarie]

I put my private student loans on autopay, and really only pay attention to them come tax time, and while this is absolutely not my biggest student loan, this email truly came out of nowhere for me?????

May you also have your debts paid before you know it!!!

[head-post]

Fed’s Powell marks patient approach after rate cut

The Federal Reserve cut interest rates by a quarter percentage point amid what could be an economic challenge when President-elect Donald Trump takes office next year, according to Reuters.

Fed Chair Jerome Powell said the outcome of Tuesday’s presidential election would not have a “near-term” impact on US monetary policy. Powell added that the Fed will continue to evaluate the data to account for inflation, which slowed markedly last year and is approaching the US central bank’s 2% target.

It’s a process that takes some time. It’s all of the policy changes that are happening. What’s the net effect? The overall effect on the economy at a given time? That’s a process … we go through all the time with every administration.

However, the exact destination remains unknown and will be even harder to determine if fiscal and tax policy changes as quickly as Trump has promised. Powell, who was appointed by Trump and then clashed with him during the Republican president’s first term, will now oversee monetary policy in the first critical months of the new administration.

So far, inflation and interest rates have fallen in line with the Fed’s forecast, which believes price pressures continue to ease amid continued economic growth and the labour market.

Elyse Ausenbaugh, head of investment strategy at J.P. Morgan Wealth Management, did not rule out the possibility of another quarter per cent rate cut at the Fed’s final meeting of the year on December 17-18.

The easy cuts have been made, and maybe December won’t be too contentious either. Thereafter, I imagine the Fed is asking the same questions as investors – to what extent and when will the incoming Trump administration implement its campaign policy proposals?

Powell said the economic outlook was good at this point and the Fed hoped it would remain that way.

This further recalibration of our policy stance will help maintain the strength of the economy and the labor market, and will continue to enable further progress on inflation as we move toward a more neutral stance over time.

The Fed’s policy statement noted that risks to the labour market and inflation are “roughly in balance,” repeating language from the statement issued after the September 17-18 meeting.

Powell stated that the change in wording did not mean that inflation had become sustainable. The Fed, he said, had always expected progress to be uneven, and policymakers have confidence that inflation is on a steady path toward the 2% target.

Read more HERE

[pharosproject]

Federal Reserve stuck between a rock and a hard place

[jeromepowell]

I made some Valentine’s Day cards for you all to share with your favorite bank examiners and/or economists! With a little help from my friend @tricksypixie of course ☺️

[fuckyeahmarxismleninism]

By Gary Wilson

In the current crisis, the banks hold the government hostage. They demand anything and everything to "bail us  out, or we will take you down with us." As long as capitalism rules, the bankers are not lying when they say this. On March 12, the Federal Reserve, Treasury Department and the Federal Deposit Insurance Corporation unveiled a plan to rescue uninsured depositors, Semafor reports. Only customers with deposits $250,000 and below are insured by the FDIC. But by invoking a “systemic risk exception,” they’ll now be able to cover larger accounts, which make up a much higher percentage of SVB’s deposits than most banks.

[gwydionmisha]

The Federal reserve is meant to be independent.

[tradermade]

Fed Chair Powell Testimony. Explore: https://markets.tradermade.com/breaking/fed-chair-powells-testimony-demystified. Powell praises progress in curbing inflation but rules out rate cuts for now. The focus remains on stability and sustainable growth.

[memenewsdotcom]

Fed raises interest rates

[follow-up-news]

The Federal Reserve announced a quarter-point cut to its key interest rate Wednesday, an effort to keep stable what appears to be a steady but cooling economy. It's the central bank’s third rate cut of 2024. The move reduces the Fed's target rate to between 4.25% and 4.5%. In its statement announcing the cut, the Fed now projects just two interest rate cuts for 2025. It stated that the unemployment rate remains low, while the rate of inflation "remains somewhat elevated." A separate document released by the Fed Wednesday now indicates the central bankers don't believe they'll hit their desired 2% inflation target until 2026. Economists surveyed by Bloomberg had expected three cuts next year on the belief that the economy, and price growth, would have cooled further by now. The Fed's moves are designed to prevent the economy from overheating when growth is strong, or falling into recession when it is slow. To do this, it changes what is known as the federal funds rate, which helps set borrowing rates throughout the rest of the economy. By making it easier — or harder — to borrow, the Fed seeks to control the pace of economic growth.