It's "Fed Day" again. Federal Reserve officials penciled in just one interest-rate cut this year and forecast more cuts for 2025, reinforcing policymakers’ calls to keep borrowing costs high for longer to suppress inflation.
Officials voted unanimously to keep the benchmark federal funds rate in a range of 5.25% to 5.5% -- a two-decade high first reached in July. Policy makers now see four cuts in 2025.
We have extensive live coverage from Bloomberg Television with top guests including JPMorgan's Bob Michele, Bloomberg Opinion Columnist Mohamed El-Erian, KPMG's Diane Swonk, BofA's Michael Gapen and BlackRock's Jeffrey Rosenberg.
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Officials voted unanimously to keep the benchmark federal funds rate in a range of 5.25% to 5.5% -- a two-decade high first reached in July. Policy makers now see four cuts in 2025.
We have extensive live coverage from Bloomberg Television with top guests including JPMorgan's Bob Michele, Bloomberg Opinion Columnist Mohamed El-Erian, KPMG's Diane Swonk, BofA's Michael Gapen and BlackRock's Jeffrey Rosenberg.
#fed #economy #stocks #business
Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you.
https://bloom.bg/4535pfS
More on Bloomberg Television and Markets
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