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…
Economy Jan 24 Americans’ economic outlook brightens as inflation slows and wages outpace prices After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden's political fortunes.
Economy Jan 24 Inflation slows, incomes rise, and Americans are much more optimistic about the economy A survey by the Federal Reserve Bank of New York found that Americans' inflation expectations have reached their lowest point in nearly three years.
Economy Dec 13 Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year Those envisioned rate cuts — which wouldn't likely begin until the second half of 2024 — suggest that the officials think high borrowing rates will still be needed for much of next year to further slow spending and inflation.