Fed Governor Waller says inflation softening faster than he …
WEB1 day ago · Federal Reserve Governor Christopher Waller said Friday he supported a half percentage point rate cut at this week’s meeting because inflation is falling even faster than he had expected. Citing ...
What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
WEB22 hours ago · The Fed Is Watching Jobs and Prices. A Federal Reserve official predicted quarter point rate cuts if data looked ‘fine’. But he also set out a scenario for a pause — or faster reductions ...
Biden says Fed made 'declaration of progress ... - Associated Press News
WEB1 day ago · WASHINGTON (AP) — President Joe Biden said Thursday the Federal Reserve’s decision to lower interest rates was “an important signal” that inflation has eased as he poked at Donald Trump’s economic policies as a failure in the past and sure to “fail again” if revived. “Lowering interest rates isn’t a declaration of victory ...
Fed’s Bowman Says Big Cut Could Be Seen as Claiming Win Too …
WEB23 hours ago · Federal Reserve Governor Michelle Bowmansaid cutting interest rates by a half percentage point risked signaling the US central bank was declaring victory over inflation too early. “The committee ...
Federal Reserve issues FOMC statement
WEB3 days ago · Federal Reserve issues FOMC statement. For release at 2:00 p.m. EDT. Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committee's 2 percent objective but remains somewhat elevated.
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB3 days ago · Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in June, when they last released ...
Fed's key inflation measure cooled slightly from a year ago ... - NBC News
WEBJul 26, 2024 · By Jeff Cox, CNBC. An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut ...
All the data so far is showing inflation isn't going away ... - NBC News
WEBApr 26, 2024 · At the same time, the personal consumption expenditures price index, the Fed’s key measure in determining inflation pressures, moved up to 2.7% in March when including all items, and held at 2.8 ...
Federal Reserve News Fed Raises Rates at a Slower Pace: Live …
WEBDec 14, 2022 · The forecasts showed that Fed officials expect inflation to remain higher for longer than they thought a few months ago. They now expect consumer prices to rise 3.1 percent next year and 2.5 ...
Federal Reserve leaves key interest rate unchanged amid signs inflation …
WEBJun 12, 2024 · The Federal Reserve said Wednesday it was keeping its key interest rate unchanged as it fights elevated inflation rates that have been pinching U.S. businesses and consumers.