Minneapolis Fed chief Neel Kashkari still sees room for two rate cuts this yearmaybe kicking off around Septemberbut he's urging colleagues to stay nimble, since today's tariffs could fuel tomorrow's ...

Reuters. FILE PHOTO: Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, speaks during an interview with Reuters in New York City, New York, U.S., May 22, 2023.

What the Fed's Pause on Rate Cuts Means for Savings Account, CD Rates. Story by Kelly Ernst • 1w.

Updated forecasts from the Fed’s Summary of Economic Projections (SEP) still show the median forecast of two rate cuts this year. But more officials than before see just one cut or none.

The Fed last week left interest rates unchanged, though policymakers signaled they remain on track for two rate cuts later this year.That decision came despite President Trump's continued campaign ...

U.S. Federal Reserve Chair Jerome Powell on Tuesday reiterated the U.S. central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering interest rates, again ...

The Fed's cuts last year lowered its rate to about 4.3%. Since then it has put reductions on pause out of concern that Trump’s tariffs lead to inflation.

When asked Tuesday if Trump’s tariffs held up the Fed’s plan to cut interest rates, Powell affirmed. ... Currently, the Fed is forecasting two quarter-point rate cuts for 2025.

The president's attacks intensified at the end of last week as Trump called for rates to drop from 4.25% to 4.5% to between 1% and 2% and said of Powell and the Fed's board of governors: "I don't ...

The S&P 500 is closing in on a record high yet again as of this writing (June 20), so investors seem to be moving past the Fed's initial rate cuts and the more recent tariff turmoil.

He sees the Fed only needing to approve a single quarter-point rate cut late in 2025, based on his view that economic growth will fall to perhaps 1.1% this year and inflation returning to nearly 3 ...