Fed's Bostic and Kashkari explain why they supported a jumbo …
WEB11 hours ago · More Federal Reserve officials explained why they were in favor of reducing interest rates by a jumbo 50 basis points instead of a smaller first cut, citing progress on inflation and a cooling job ...
The Fed sees its inflation fight as a success. Will the public ...
WEB23 hours ago · Little noticed in a news conference Chair Jerome Powell gave Wednesday was his estimate that the Fed's preferred inflation gauge would amount to just 2.2% for August when the figure is released ...
Fed Cuts Interest Rates for First Time in Four Years - The New York …
WEB6 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 preferred inflation gauge and second quarter GDP: What to …
WEB1 day ago · Analysts expect Friday's PCE reading to come in at 2.3% year over year, down from the prior month's 2.5% annual increase, according to Bloomberg data. Such a favorable metric would continue a ...
Federal Reserve goes big with half-point interest rate cut ... - NBC News
WEB5 days ago · The Federal Reserve uses its federal funds rate, which serves as a benchmark for interest rates in the rest of the economy, as its main tool for regulating inflation and unemployment.
Fed Governor Waller Says Slowing Inflation Led Him to Back Half …
WEB3 days ago · Federal Reserve Governor Christopher Wallersaid favorable inflation data, and not worries about the labor market, are what convinced him to support policymakers’ decision to lower interest rates ...
US inflation reaches 3-year low as Fed prepares to cut interest …
WEBSep 11, 2024 · The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the final weeks of the presidential race.
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 ...
Inflation data this week could help determine Fed's timetable for …
WEBJun 10, 2024 · Though consumer inflation has slowed dramatically since peaking at 9.1% in mid-2022, it was still 3.4% in April, well above the Fed’s target. The Fed would reduce rates faster if growth were to stall and companies were to lay off many workers.
Federal Reserve News Fed Takes Aggressive Action in Inflation …
WEBJun 15, 2022 · The Federal Reserve took its most aggressive step yet to try to tame rapid and persistent inflation, raising interest rates by three-quarters of a percentage point on Wednesday and signaling...