The Federal Reserve has taken a significant step in its monetary policy by cutting interest rates by half a percentage point, marking its first reduction since the onset of the Covid pandemic.

Fed cuts interest rates by half a point, initiating easing campaign amid economic concerns

Fed Chair Jerome Powell said on Wednesday that the US central bank may have started to cut interest rates in late July had it realised that the labour market was cooling this quickly.

Powell suggests Fed could have cut rates at July meeting

As inflation shows signs of slowing, the Federal Reserve faces a complex decision-making landscape regarding its future monetary policies. Recent data indicates that inflation has decreased, with the annual rate dropping to 3.

Inflation slows down, but uncertainty surrounds Federal Reserve's next move

Seen as a positive development for the US economy, a recent paper published by the Federal Reserve indicates that housing inflation is likely to decrease in the year ahead.

US housing inflation anticipated to decline in the coming year, according to federal reserve report

A large majority of economists surveyed believe that interest rates will come down by only a quarter point in September, at odds with some calls by large Wall Street banks for a jumbo cut at the next meeting.

Economists remain cautious amid divergent projections on Fed rate cuts

Oil is headed for a fourth consecutive weekly slide, as concerns over demand from the world's biggest economies are outweighing increased geopolitical tensions. Brent traded near $80 a barrel after a 1.

Oil prices plunge as demand concerns and geopolitical tensions bite

Oil prices nudged higher as signs of another inventory draw in the US offset concerns on the timeline for Federal Reserve interest-rate cuts following Chair Jerome Powell's testimony.

Is the Fed's hesitation fuelling a surge in oil prices?

In a surprising turn of events, US consumer prices fell marginally, highlighting the view that the disinflationary trend is getting firmer and puts the Federal Reserve closer to interest rate cuts.

US consumer prices decline, bringing Fed closer to rate cuts

US Federal Reserve head Jerome Powell will testify before the Senate Banking Committee on monetary policy on July 9, according to Senator Sherrod Brown's office, the committee head, on Monday.

Fed Chair Powell to testify before Senate Banking committee on July 9

On Wednesday, the Federal Reserve chose to keep current interest rates unchanged, implying that any rate decreases may not occur until December. This decision is consistent with the Fed's assessment of an economy that has performed consistently across key parameters in recent years.

Federal Reserve holds interest rates steady, delays rate cuts

Federal Reserve Chair Jerome Powell said the US central bank needs to be patient as it awaits more evidence that high interest rates are curbing inflation, doubling-down on the need to keep borrowing costs elevated. Watch in for more details!

US Fed likely to keep rates higher for longer to curb inflation

The US Federal Reserve has opted to maintain interest rates at their current levels in its latest meeting, indicating a continued inclination towards potential future rate cuts.

Federal Reserve holds rates steady, raises concerns over lack of inflation progress

Federal Reserve Chair Jerome Powell has said the latest inflation data is "along the lines of what the fed would like to see." his comments appear to keep the central bank's baseline for interest rate cuts this year intact.

Powell: Inflation data along the lines we would like to see

The US Federal Reserve has decided to maintain its benchmark interest rates at 5.25-5.50 per cent for the fifth consecutive meeting, according to an announcement made after the Federal Open Market Committee (FOMC) meeting on March 20.

Federal Reserve holds rates steady amid high projections for 2024 rate cuts

Federal Reserve Chair Jerome Powell hinted at the central bank's growing confidence in considering interest rate cuts, stating they are "not far" from the needed assurance that inflation is sustainably moving towards the 2 per cent target, Bloomberg reported on Thursday.

Fed Chair Jerome Powell signals potential interest rate cuts. Here are the details

The focus this week shifts to the US Federal Reserve Chief's monetary policy testimony on Capitol Hill. FED Chief Jerome Powell will face severe pressure from Congress to cut rates to keep the economy humming during an election year.

FED's Powell to reinforce 'no rush to cut'

Federal Reserve Chair Jerome Powell conveyed a message of caution in deciding when to cut the benchmark interest rate, emphasising the importance of prudence in a Sunday night interview with CBS's "60 Minutes.

Federal Reserve Chair Powell signals prudence in considering rate cuts amid strong economy

It is late August, meaning that the annual conference of the Kansas City Fed, which will be attended by leading central bankers from all around the world is to take place in Jackson Hole.

All eyes now on Federal Reserve Chief Powell in Jackson Hole: Report  

U.S. banks have tightened their lending standards for both businesses and households in the second quarter of 2023, and they anticipate maintaining this cautious approach for the rest of the year, according to a survey conducted by the Federal Reserve and cited by Bloomberg.

Cash flow slowdown: U.S. banks turn cautious on lending in 2023

United States Fed chair Jerome Powell on Wednesday said that lending rate hikes may continue in the future but at a slower pace. Powell made this statement while speaking at a Congressional hearing on financial services.

U.S. Fed chief Jerome Powell hints at future rate hikes

The head of the US central bank, Jerome Powell, was the subject of two Russian pranksters who pretended to be the president of Ukraine, Volodymyr Zelensky, on a phone call.

WATCH: US Fed chair Jerome Powell pranked by Russian impersonators posing as Zelensky

The United States Federal Reserve following its last meeting of the year on Wednesday announced another interest rate hike, this time by half a percentage point making this its seventh time this year.

US Federal Reserve raises interest rate for 7th time this year: Here’s what it means

Infusing hope in the economy, Federal Reserve chair Jerome Powell said Wednesday that the central bank could ease its pace of interest rate hikes "as soon as" December.

US Fed chief says interest rate hikes could ease 'as soon as December'

US Fed Chair Jerome Powell's speech at the Federal Reserve's annual forum has sent jitters to markets causing a crash. His announcement that interest rates would continue to rise and stay high cost America's richest people to lose close to 78 billion dollars.

US Fed Chief's speech causes market to crash

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