WASHINGTON — The Federal Reserve has left interest rates unchanged while signaling that it expects a resilient U.S. economy and solid job market to justify further rate hikes later this year. The Fed’s pause comes after it modestly raised its benchmark short-term rate in December and March. Most economists expect it to do so again […]
Federal Reserve officials raised interest rates for the first time this year and forecast a steeper path for borrowing costs in 2017, saying inflation expectations have increased “considerably” and suggesting the labor market is tightening. The Federal Open Market Committee cited “realized and expected labor market conditions and inflation” in increasing its benchmark rate a […]
WASHINGTON — Chair Janet Yellen said Thursday that she expects the Federal Reserve to begin raising interest rates from record lows by the end of the year. In a lecture at the University of Massachusetts at Amherst, Yellen said she thought inflation would gradually move up to the Fed’s target rate of 2 percent as […]
NEW YORK — The vast majority of business economists expect the Federal Reserve will raise interest rates before the end of the year, according to a survey released Monday. Minutes from the Fed’s meeting in late July showed that officials could raise rates as early as September. Seventy-seven percent of survey respondents believe the Fed […]
Federal Reserve Chair Janet Yellen says continued improvement in the U.S. economy means an increase in the Fed's key interest rate could come later this year.
The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month to a seasonally adjusted annual rate of 5.04 million. But over the course of the entire year, sales fell 3.1 percent to 4.93 million.
The Federal Reserve is signaling that it's edging closer to raising interest rates from record lows because of a strengthening U.S. economy and job market. But it is promising to be "patient" in determining when to raise rates.
A resurgent U.S. economy has emerged from a long struggle with high unemployment and weak growth. And the Federal Reserve seems poised to recognize the sustained improvement.
Federal Reserve Chair Janet Yellen says the growing globalization of financial markets requires the Federal Reserve to understand how economic developments in other nations may affect the U.S. economy.
The Federal Reserve plans to keep a key interest rate at a record low to support a U.S. job market that's improving but still isn't fully healthy and help lift inflation from unusually low levels.
The global economy has slumped. Turmoil has gripped financial markets. And the U.S. job market, despite steady gains, still isn't fully healthy.
The Federal Reserve signaled Wednesday that it plans to keep a key interest rate at a record low for a considerable period because a broad range of U.S. economic measures remain subpar.