Federal Reserve Minutes: Some Officials Highlighted Worsening Inflation Last Month
Still, almost all the officials, according to the minutes, favored cutting their benchmark rate at some point this year. read more >
by Associated Press -
Powell: Fed Still Sees Rate Cuts This Year; Election Timing Won’t Affect Decision
“The recent data do not ... materially change the overall picture,” Powell said in a speech at Stanford University. read more >
by Associated Press -
Powell Says Fed Wants to See ‘More Good Inflation Readings’ Before it Can Cut Rates
Speaking at a conference at the Federal Reserve Bank of San Francisco, he said he still expected "inflation to come down on a sometimes bumpy path to 2%.'' read more >
by Associated Press -
Federal Reserve Still Foresees 3 Interest Rate Cuts This Year Despite Bump in Inflation
Powell will surely be pressed on the topic at a news conference Wednesday after the Fed ends its latest two-day meeting. read more >
by Associated Press -
Federal Reserve’s Powell: Regulatory Proposal Criticized by Banks Will Be Revised
Among other things, the rule would require the largest banks — those with more than $100 billion in assets — to hold more funds in reserve to protect against bad loans and other potential losses. read more >
by Associated Press -
Fed’s Powell: Rate Cuts Likely This Year, but More Evidence is Needed That Inflation is Tamed
Powell noted that inflation is slowing for both goods and services and did not express concern about the government's latest inflation data read more >
by Associated Press -
Fed Minutes: Officials Worried That Progress on Inflation Could Stall in Coming Months
Some officials “noted the risk that progress toward price stability could stall, particularly if aggregate demand strengthened” or that the progress in improving supply chains could falter. read more >
by Associated Press -
US Inflation Slows in January, but Remains Elevated
The prices of services — hotel rooms, restaurant meals, auto insurance, apartment rents and the like — are still rising faster than they did before the pandemic and keeping overall inflation persistently high. read more >
by Associated Press -
Powell: Federal Reserve On Track To Cut Rates This Year
WASHINGTON (AP) — Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year, a move that’s expected […] read more >
by Associated Press -
Federal Reserve Signals That Interest Rate Cuts Aren’t Imminent, Leaves Them Unchanged
“I don’t think it’s likely that the committee will reach a level of confidence by the time of the March meeting” to start cutting rates, Chair Jerome Powell said at a news conference. read more >
Federal Reserve Minutes: Officials Saw Inflation Cooling but Were Cautious About Timing of Rate Cuts
According to the minutes of their Dec. 12-13 meeting released Wednesday, Fed officials indicated in their own interest-rate forecasts that a lower benchmark rate “would be appropriate by the end of 2024'' given "clear progress'' toward taming inflation. read more >
by Associated Press -
Fed Keeps Key Interest Rate Unchanged and Foresees 3 Rate Cuts Next Year
WASHINGTON (AP) — The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts […] read more >
by Associated Press -
The Fed May Shed Light on Prospects for Rate Cuts in 2024
WASHINGTON (AP) — Will the Federal Reserve cut its key interest rate sometime next year — and, if so, by how much? Wall Street investors have been obsessed with such […] read more >
by Associated Press -
Inflation Eased Slightly Last Month as Gas Prices Fell, Though Some Costs Kept Surging
WASHINGTON (AP) — U.S. inflation ticked down again last month, with cheaper gas helping further lighten the weight of consumer price increases in the United States. At the same time, […] read more >
by Associated Press -
Fed’s Waller: Interest Rates are Likely High Enough to Bring Inflation Back to 2% Target
He cautioned that inflation is still too high and that it's not yet certain if a recent slowdown in price increases can be sustained. read more >
by Associated Press -
Fed Minutes: Officials Saw Inflation Slowing but Will Monitor Data to Ensure Progress
The central bank's decision to keep its key short-term rate unchanged for the second meeting in a row amounted to the longest pause in its rate-hiking campaign since it began jacking up rates in March 2022. read more >
by Associated Press -
Employers Scaled Back Hiring in October, Adding 150K Jobs
The nation’s employers slowed their hiring in October, adding a modest but still decent 150,000 jobs, a sign that the labor market may be cooling but remains resilient. read more >
by Associated Press -
Powell Likely to Underscore Inflation Concerns Even As Fed Leaves Key Rate Unchanged
For the first time in nearly two years, the Federal Reserve is set Wednesday to keep its key short-term interest rate unchanged for a second straight policy meeting. read more >
Report: US Wages Rose at Solid Pace This Summer
Wages and benefits grew at a slightly faster pace in the July-September quarter than the previous three months, a benefit to workers that also represents a risk to the Federal Reserve’s fight against inflation. read more >
US Consumers Keep Spending Amid Inflation, High Interest Rates
An inflation gauge closely monitored by the Federal Reserve shows price increases remained elevated in September amid brisk consumer spending and strong economic growth. read more >
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