{"id":1004723530,"date":"2024-08-01T03:59:54","date_gmt":"2024-08-01T11:59:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004723530"},"modified":"2024-08-01T05:45:01","modified_gmt":"2024-08-01T13:45:01","slug":"fed-holds-interest-rates-signals-imminent-cut","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fed-holds-interest-rates-signals-imminent-cut\/","title":{"rendered":"Fed Holds the Line\u2014Is a Rate Cut Next?"},"content":{"rendered":"
\n
\"The
Fed Chair Jerome Powell addressing journalists after announcing the Fed Funds rate would remain unchanged. Screenshot by Therese Fitzgerald<\/figcaption><\/figure><\/div>\n\n\n

The Federal Reserve announced its decision yesterday to hold the Fed Funds Rate at 5.25 to 5.5 percent, while offering hope for a rate cut in September.<\/p>\n\n\n\n

The hold was not a surprise, given the Fed’s reluctance to pronounce inflation defeated and move to a less restrictive monetary policy too soon. Most pundits were forecasting a September cut, anyway. But, with Core PCE inflation rising at 2.6 percent in June (the Fed’s target is 2 percent), and the job market tightening, rate watchers were kept guessing until the last minute.<\/p>\n\n\n\n

Recent data on inflation and the job market have given the 19 members of the Federal Open Market Committee confidence, Federal Reserve Chair Jerome Powell said, but they “voted unanimously” to wait for more good data before making a cut.<\/p>\n\n\n\n

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READ ALSO:<\/strong> Is the Fed Ready to Commit to a Cut?<\/a><\/p>\n\n\n\n

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When the Fed does lower rates, he said, it will be based on satisfactory readings from both sides of the Fed’s dual mandate: stable prices and maximum employment.<\/p>\n\n\n\n

\u201cThe question will be whether the totality of the data, the evolving outlook and the balance of risks are consistent with rising confidence on inflation and maintaining a solid labor market,\u201d Powell remarked during a press conference following the announcement. \u201cIf that test is met, a reduction in our policy rate could be on the table as soon as the next meeting in September.\u201d<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The central bank will continue its restrictive policy for now, but Jerome Powell hinted at a possible change of direction next month.<\/p>\n","protected":false},"author":756,"featured_media":1004723535,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742],"tags":[],"class_list":["post-1004723530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-latest"],"acf":[],"yoast_head":"\nFed Holds the Line\u2014Is a Rate Cut Next? - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/fed-holds-interest-rates-signals-imminent-cut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fed Holds the Line\u2014Is a Rate Cut Next?\" \/>\n<meta property=\"og:description\" content=\"The central bank will continue its restrictive policy for now, but Jerome Powell hinted at a possible change of direction next month.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fed-holds-interest-rates-signals-imminent-cut\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-01T11:59:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-01T13:45:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/IMG_8384.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"637\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Therese Fitzgerald\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fed-holds-interest-rates-signals-imminent-cut\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/fed-holds-interest-rates-signals-imminent-cut\/\",\"name\":\"Fed Holds the Line\u2014Is a Rate Cut Next? 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She got her start writing about the New York City market with Real Estate Weekly and later joined CPE\u2019s predecessor publication, Commercial Property News, where she held various positions including editor in chief. In addition to working on the CPE and MHN websites, she edits CPE's Capital Markets Newsletter and MHN's Finance & Investment Newsletter. 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