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Bessent says market expects Fed to cut rates this year: 'substantial probability'

Treasury Secretary Scott Bessent said financial markets are pricing in a high likelihood of the Federal Reserve cutting interest rates before year-end amid tariff concerns.

Did the Fed cut interest rates Wednesday? No, but here's when they might

Interest rates for credit cards to mortgages have jumped since the Fed began fighting inflation in 2022. Here's where experts ...

Fed will likely need to cut rates in coming months, Daly says

Citing a slowing labor market and her assessment that tariffs pose only a short-term threat to inflation, San Francisco ...

Where Are Fed Interest Rates Headed? Here's What Traders Think.

Friday's weak jobs report has rekindled bets on the Federal Reserve making a series of interest-rate cuts this year. As of ...

Minneapolis Fed's Kashkari says it may soon be time to resume rate cuts

Minneapolis Fed President Neel Kashkari on Wednesday said it may soon be time to lower interest rates. In an interview with ...

Federal Reserve holds key interest rate steady for fifth straight meeting despite Trump's pressure

The Fed left its benchmark interest rate unchanged following its July policy meeting amid uncertainty over the impact of ...

Fed holds interest rates steady, Chair Powell says Fed independence 'very important'

The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump made an unusual visit to ...

Fed's Musalem: There are risks now to both the inflation and jobs goals

The Federal Reserve now faces risks to both its inflation and jobs goals, with policymakers needing to balance which seems ...