Federal Reserve, interest rates
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Every three months, the central bank updates a scatter chart showing where top officials believe rates are headed. Not everyone is a fan of the anonymous projections.
NEW YORK (Reuters) -Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, further raised the odds on Wednesday that the Federal Reserve will deliver another interest rate cut at the October meeting, with a 94.1% probability.
Senator Tim Scott, chairman of the powerful Senate Banking Committee, said a half point rate cut is possible today.
NAHB is forecasting another 75 basis points of easing in the coming quarters, with 25 of that total coming before the end of the calendar year.
The U.S. Federal Reserve cut interest rates by 25 basis points to 4%-4.25%, indicating a monetary easing cycle. Indian markets reacted positively, with the Sensex and Nifty gaining significantly. Analysts foresee potential gains in various sectors,
In his remarks to reporters, Federal Reserve Chair Jerome Powell is emphasizing that the central bank is leaning towards the "maximum employment" part of its dual mandate after a long period of greater focus on inflation,