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.
Economy Feb 13 U.S. inflation sees slight decline but remains above Fed target The costs of physical goods, including clothing, used cars and prescription drugs, fell for a third straight month. Lower prices for goods are the key driver that is cooling inflation.
Economy Feb 08 Inflation is nearly back to 2 percent. So why isn’t the Federal Reserve ready to cut rates? Inflation, as measured by its preferred gauge, rose in the second half of 2023 at an annual rate of about 2 percent — the Fed's target level.
Politics Jan 31 WATCH: Federal Reserve signals that interest rate cuts aren’t imminent and leaves them unchanged for now The Federal Reserve indicated Wednesday that it’s nearing a long-awaited shift toward cutting interest rates, a sign that its officials have grown confident that they're close to fully taming inflation. But the Fed also signaled that the first rate cut is likely…
Economy Jan 29 Economists expect Federal Reserve to cut rates sometime this year as inflation slows Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace and the unemployment rate is near a half-century low. Most economists say they expect the first rate cut to occur in May…