Inflation is coming down in a sustainable way towards the Federal Reserve’s 2% target and it is now time to cut interest rates, New York Fed President John Williams said, on Friday. With the economy in balance and inflation tracking lower “it is now appropriate to dial down the degree of restrictiveness in the stance of policy by reducing the target range for the federal funds rate,

New York Federal Reserve President John Williams said the central bank should start cutting interest rates this month, but did nothing to build the case for kicking off with a larger-than-usual [half-

The Federal Reserve will lower interest rates by 25 basis points at each of the U.S. central bank's three remaining policy meetings in 2024, according to a majority of economists in a Reuters poll that found only nine of 101 expected a half-percentage-point cut next week.