#interest-rates (2 Posts)
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Why the Federal Reserve Won't Cut Rates Until the End of the Year After maintaining the highest benchmark interest rate (5.25-5.5%) in 23 years for seven consecutive times, the Federal Reserve System (Fed) suggests that people may have to wait until the end of 2024 for lower interest rates. President of the Federal Reserve Bank of Minneapolis Neel Kashkari mentioned the timing of the interest rate cut during […] -
Fed Holds Steady on Rates, Oil Traders Bet on Future Cuts International oil prices rose for the third consecutive day on the 12th (local time) as U.S. inflation appeared to ease, supporting expectations for an interest rate deduction. On the same day, West Texas Intermediate (WTI) crude for July closed at $78.50 per barrel on the New York Mercantile Exchange (NYMEX), up $0.60 (0.77%) from the […]
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