The transactions are in accordance with Heimar’s buyback program, which was announced on November 20, 2024. According to the program, the buybacks will amount to a maximum of ISK 500,000,000 in total, ...

“I think we’re in a good place, but I think from here it’s a new phase and we’re going to be cautious about further cuts,” Mr Powell said at a press conference following the end of the ...

This is lower than the four estimated during the September FOMC meeting and would bring rates close to 3.9% by 2025-end. Fed chairman Jerome Powell said, “The slower pace of cuts for next year ...

It had projected four cuts just three months ago. Traders watch Fed chairman Jerome Powell’s press conference in Washington. Bloomberg Shares tumbled as traders who had been counting on lower ...

The U.S. central bank is widely expected to deliver a 25-basis-point interest rate cut at the end of its meeting later in the day, but the focus will be on how much further Fed officials think they ...

"The economy is strong overall" and has made progress in the Fed's full employment and price ... "We've had a year-end projection for inflation, and it's kind of fallen apart as we've approached ...

Wall Street is calling this a “hawkish cut” because the Fed’s potentates rolled back their expectations about future rate cuts. But the real way to think about Wednesday’s monetary news is ...

The S&P 500 and Nasdaq have traded at or near record highs in recent days, partly in anticipation of a rate cut by the Fed. But the Dow has had a long December. Wednesday marked the 10 th ...

A chart showing the Federal funds target rate having decreased to 4.5 percent from 4.45 percent and what 19 Fed officials think that rate should be at the end of this year and next, which range ...

As widely expected, the Fed lowered its main policy rate target by 25 basis points on Wednesday to a range of between 4.25% and 4.5%, with one policymaker dissenting in favor of no action.

A lower fed funds rate reduces borrowing costs on all kinds of loans, boosting the economy as the Fed tries to prevent a severe rise in unemployment. It was the third rate cut in as many meetings ...

This decision was accompanied by Federal Open Market Committee member forecasts, which reflected expectations of fewer and slower additional Fed interest rate cuts through the end of 2025 ...