The December 2024 economic projections from the central bank show significant changes from the September figures. They indicate rising inflation and potential impact.

The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ushering in its first rate reduction in four years.

More importantly, inflation is also proving stubborn. Some argue that the Fed should be willing to tolerate (even if only implicitly, rather than explicitly) inflation being a bit higher for a bit longer than it theoretically should. Mohamed A. El-Erian over on Bloomberg Opinion explains this “3% inflation target” view here.

The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-elevated inflation.

The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.

The Federal Reserve is likely to continue lowering interest rates, but the trend may not last in the new year.

WASHINGTON — Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after the Federal Reserve's two-day meeting ... its peak for more than a year to try to quell inflation, until slashing the rate by a half ...

which causes inflation.If tax cuts aren't paid for, as Trump and Republicans did previously, it could add to the deficit - a major concern for the Federal Reserve.Trump and the GOP argue while tax ...

WASHINGTON — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. Friday’s report ...

The Federal Reserve did what many thought it couldn’t achieve in 2024, and yet in one respect it still ended the year the way it started — worried about stubborn price pressures.