Treasury yields surged following the Fed's cautious outlook on rate cuts in 2025. The 2-year Treasury yield, closely tied to Fed rate expectations, rose to 4.352 percent from 4.239 percent on Tuesday.

In updated economic forecasts published alongside the rate decision, members of the Fed’s rate-setting committee pencilled in just two quarter-point rate cuts in 2025, down from an earlier ...

Fed Chair Jerome Powell held a news conference after the central bank cut rates by a quarter-point. Photo: Al Drago/Bloomberg The Federal Reserve signaled greater doubt over how much it would ...

It had projected four cuts just three months ago. Traders watch Fed chairman Jerome Powell’s press conference in Washington. Bloomberg Shares tumbled as traders who had been counting on lower ...

The Fed said Wednesday it's cutting its benchmark interest rate for a third time this year, continuing the sharp turnaround begun in September when it started lowering rates from a two-decade high ...

Watch Powell’s remarks in the player above. The Fed’s 19 policymakers projected that they will cut their benchmark rate by a quarter-point just twice in 2025, down from their estimate in ...

"The economy is strong overall" and has made progress in the Fed's full employment and price stability goals, he said. With that economic strength, the Fed can be more cautious as it assesses ...

Wall Street is calling this a “hawkish cut” because the Fed’s potentates rolled back their expectations about future rate cuts. But the real way to think about Wednesday’s monetary news is ...

The Fed has come a long way from just a few years ago: In 2022, inflation was more than twice its current rate and many economists thought that the central bank’s decisions might cause economic ...

Major indexes had been up ahead of the meeting but tanked sharply as traders digested projections from the central bank and tuned in to Fed Chair Jerome Powell's press conference. Bond yields ...

While he said the Fed remained confident price pressures would continue to ease, he also acknowledged central bank staff and policymakers were beginning to at least preliminarily think through how ...

A lower fed funds rate reduces borrowing costs on all kinds of loans, boosting the economy as the Fed tries to prevent a severe rise in unemployment. It was the third rate cut in as many meetings ...