The Federal Reserve’s final meeting of the year is set to begin on Tuesday morning, Dec. 9, with the central bank scheduled to announce its final monetary policy decision at 2:00 p.m. ET on Wednesday afternoon. Investors expect the Fed will cut rates by 0.25%, its third cut of the year, at the conclusion of…
A fresh reading from the Federal Reserve’s preferred inflation gauge showed prices are still sticky, but the report isn’t likely to take the central bank off its course for more rate cuts in 2025 — especially if the job market continues to remain soft. The Personal Consumption Expenditures (PCE) index on a “core” basis, which…
World stocks posted their biggest fall in more than three weeks and the dollar rose on Thursday, as surprisingly strong U.S. growth figures cast doubt on how aggressive the Federal Reserve’s interest rate-cutting cycle will be. In my column today I look at the reasons why the Fed may one day consider replacing its current…
WASHINGTON (Reuters) -Michael Gibson, director of the U.S. Federal Reserve’s supervision and regulation division, has accepted a voluntary buyout and will retire at the end of this month after 33 years at the central bank, according to an email from Gibson to Fed officials seen by Reuters. In the message to fellow Fed officials, Gibson…