The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job ...

At the end of its Federal Open Market Committee session on January 29, 2025, the Fed announced holding the federal funds target interest rate steady at a range of 4.25% to 4.50%. It marks the ...

While some Fed officials have pushed back against market expectations of how soon the Federal Open Market Committee (FOMC ... Chicago Fed President Austan Goolsbee on Monday said the Fed is ...

Federal Reserve Bank of Chicago president Austan Goolsbee joins Yahoo Finance Federal Reserve Reporter Jennifer Schonberger and Catalysts co-host Seana Smith on Jobs Day to discuss what the data ...

FED'S GOOLSBEE: DISTINGUISHING THE CAUSE OF ANY INFLATION WILL BE CRITICAL FOR DECIDING WHEN OR EVEN IF THE FED SHOULD ACT.

U.S. central bankers paused interest-rate cuts at their January 28-29 meeting, noting bumpy progress toward their 2% ...

CD rates are starting to decline. In November 2024, the Federal Open Market Committee (FOMC) cut the federal funds rate by 25 basis points to a range of 4.50% to 4.75%. This move followed a 50 ...

The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more ...

Separately, Austan Goolsbee, president of the Fed's Chicago branch, said in an exclusive interview with The Associated Press Friday that he still expects the central bank's rate will be lower in ...

Sinking yields lessened the intense pressure on EM currencies, pressure which had forced 'doom loop' EM currency intervention ...

But Federal Reserve Bank of Chicago president Austan Goolsbee told Yahoo Finance it's important to stay rooted in market-based data, shrugging off the survey's sharp increase. "Measures that are ...

"My hope is that we don't see a rebound of inflation," Chicago Fed President Austan Goolsbee said in an interview with Yahoo Finance, adding it would be "a foggier, dustier kind of environment ...