NEW YORK (Reuters) - U.S. bond giant PIMCO has trimmed its expectations for interest rate cuts by the Federal Reserve this year to two after data on Friday showing the U.S. economy created more jobs than expected last month, said a portfolio manager. We did have two to three cuts this year and our base case now is most likely...

01:08 PM EDT, 04/05/2024 (MT Newswires) -- An easing of monetary policy by the Federal Open Market Committee will be appropriate at some point, but not yet, Federal Reserve Governor Michelle Bowman said in prepared remarks Friday at the Shadow Open Market Committee Spring Meeting. Bowman said she expects inflation to decline further, and with labor supply and demand gradually...

(Reuters) - The U.S. Federal Reserve held its benchmark overnight interest rate steady in the 5.25%-5.50% range at its March 19-20 policy meeting, and officials continued to anticipate approving three quarter-percentage-point rate cuts by the end of 2024. Before policymakers begin to ease borrowing costs, they say they want to see more data confirming that inflation is returning to the...

NEW YORK (Reuters) - Federal Reserve Governor Michelle Bowman said it's not time for the U.S. central bank to consider cutting its interest rate target and noted that more hikes could be on the table if progress on lowering inflation stalls out. While inflation has cooled and is likely to continue to move back to the 2% target, we are...