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Fed's Schmid Backs Gradual Rate Cuts
Kansas City Fed's Schmid prefers to tread cautiously in further rate cuts
After the Federal Reserve cut its policy rate by 100 basis points in three meetings, Kansas City Fed President Jeff Schmid favors moving cautiously in further cuts. "With inflation close to target and growth showing continued momentum,
Kansas City Fed’s Schmid Sees No Rush for More Cuts
Kansas City Fed President Jeff Schmid indicated on Thursday that he’s comfortable with pausing additional interest rate cuts until there’s a substantial change in economic conditions. “With inflation close to target and growth showing continued momentum,
Fed’s Schmid Backs Gradual Rate Cuts If Economic Data Improve
Federal Reserve Bank of Kansas City President Jeff Schmid said he favors slowing the pace of interest-rate cuts and only after a persistent change in incoming economic data.
1d
on MSN
Fed's Schmid says central bank 'near' neutral interest rate level
Kansas City Federal Reserve President Jeff Schmid signaled on Thursday a reluctance to cut interest rates again as the U.S.
1d
Schmid Wants to Further Reduce Fed’s Balance Sheet
Kansas City Fed President Jeff Schmid said Thursday that he wants to continue to shrink the central bank’s footprint in ...
5h
Hot jobs report cements a Fed rate hold this month — and possibly the foreseeable future
A hot jobs report makes it even more likely the Federal Reserve won’t cut rates at its next meeting in January — or for the foreseeable future.
11h
AMERICAS Bonds simmer as payrolls offer reality check
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
18h
on MSN
USD/CAD analysis: hanging man candle forms ahead of NFP data
Explore why the USD/CAD exchange rate has risen ahead of the upcoming US and Canadian jobs numbers later today ...
11h
Futures drop on caution ahead of key payrolls data
All eyes are on the Labor Department's non-farm payrolls report, due at 8:30 a.m. ET, after a set of jobs data earlier in the ...
13h
Stocks wobble ahead of US jobs data; bonds in the spotlight
Global stocks were under pressure on Friday ahead of a U.S. jobs report later on that could exacerbate or ease the sell-off in the global bond market, while the pound headed for a fourth daily drop, ...
1d
Top Federal Reserve official says central bank is ‘pretty close’ to meeting twin targets
A top Federal Reserve official has said the US central bank is “pretty close” to meeting its objectives on inflation and ...
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