Politics Apr 16 Elevated inflation will likely delay interest rate cuts this year, warns Federal Reserve Chair Powell "Recent data have clearly not given us greater confidence" that inflation is coming fully under control and "instead indicate that it's likely to take longer than expected to achieve that confidence," Powell said during a panel discussion.
Economy Apr 10 Inflation remains raised largely due to high gas and rents The March figures, the third straight month of inflation readings well above the Fed's 2 percent target, threaten to torpedo the prospect of multiple interest rate cuts this year.
Economy Apr 06 Is the Fed going to cut interest rates? What was once a question of ‘when’ is now less certain When the Federal Reserve signaled last fall that it was likely done raising interest rates, many began wondering when it would start cutting rates. But with the U.S. economy showing surprising vigor, a different question has arisen: Will the central…
Politics Apr 03 Powell says the Federal Reserve still sees rate cuts this year; election timing won’t affect decision Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February.
Politics Mar 20 WATCH: Federal Reserve’s Powell holds briefing after interest rate meeting as inflation slows In new quarterly projections they issued, the policymakers forecast that stronger growth and inflation above their 2 percent target level would persist into next year. As a result, they suggested that interest rates would have to stay slightly higher for…
Economy Mar 12 U.S. inflation ticks up in February, signaling ongoing price challenges The prices of some goods, from appliances to furniture to used cars, are actually falling after clogged supply chains during the pandemic had sent prices soaring higher.
Economy Mar 07 Federal Reserve regulatory proposal criticized by banks, NAACP will be revised by end of year The banks argue that the proposal would limit their ability to lend and would exceed what is necessary to match the global rules.
Politics Mar 06 WATCH: Interest rate cuts likely but more evidence needed that inflation tamed, Powell says Powell noted that inflation is slowing for both goods and services and did not express concern about the government’s latest inflation data, which showed some pickup in price increases in January.
Economy Feb 29 Federal Reserve’s preferred inflation gauge picked up last month in sign of still-increased prices An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month.
Economy Feb 16 Consumer sentiment edges higher as economic growth accelerates and inflation fades A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy after years of gloom.