Politics Jul 09 WATCH: Slowing job market signals interest rate cuts may be near, Powell tells Senate committee The Fed has made "considerable progress" toward its goal of defeating the worst inflation spike in four decades, Powell told the Senate Banking Committee.
Economy Jul 02 U.S. inflation slowing again, but Fed Chair Powell warns it isn’t yet time to cut rates Speaking in a panel discussion at a monetary policy conference in Sintra, Portugal, Powell said Fed officials still want to see annual price growth slow further toward their 2% target before they would feel confident of having fully defeated high…
Nation Jun 12 Inflation eases for 2nd straight month, a sign this year’s acceleration of prices may have passed Inflation in the United States eased in May, a hopeful sign that an acceleration of prices that occurred early this year may have passed.
Politics Jun 12 WATCH: Powell speaks after Federal Reserve signals only one likely interest rate cut this year “We’ll need to see more good data to bolster our confidence that inflation is moving sustainably toward 2 percent,” Chair Jerome Powell said at a news conference.
Economy Jun 10 Inflation data this week could help determine Fed’s plan for possible interest rate cuts Chair Jerome Powell will likely reiterate that Fed officials need further confidence that inflation is returning to 2% before they would consider rate cuts.
Politics Jun 07 U.S. employment picks up pace with 272,000 jobs added in May, sign of sustained economic health Last month's strong job growth reflected the durability of America's consumer-driven economy. With the nation's households continuing their steady spending, many employers have had to keep hiring to meet their customer demand.
Economy May 31 A closely tracked inflation gauge rises at slowest pace this year A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year.
Economy May 29 Inflation pressures lingering from pandemic may keep Feds from lowering interest rates Though Fed officials say they expect inflation in key areas to eventually cool, they've signaled that they're prepared to wait as long as it takes.
Economy May 15 U.S. inflation ticked down slightly last month in the first drop of 2024 A measure of underlying inflation, which excludes volatile food and energy costs, also eased in April.
Economy May 14 Federal Reserve Chair Powell downplays potential for a rate hike despite higher price pressures Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again.