Apr 03 Powell says the Federal Reserve still sees rate cuts this year; election timing won’t affect decision By Christopher Rugaber, Associated Press 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. Continue reading
Mar 29 Powell says the Federal Reserve wants to see ‘more good inflation readings’ before it can cut rates By Paul Wiseman, Associated Press Forecasters had expected higher rates to send the United States tumbling into recession. Instead, the economy just kept growing — expanding at an annual rate of 2 percent or more for six straight quarters. Continue reading
Mar 20 WATCH: Federal Reserve’s Powell holds briefing after interest rate meeting as inflation slows By Christopher Rugaber, Associated Press 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… Continue reading
Mar 07 Federal Reserve regulatory proposal criticized by banks, NAACP will be revised by end of year By Christopher Rugaber, Associated Press The banks argue that the proposal would limit their ability to lend and would exceed what is necessary to match the global rules. Continue reading
Mar 06 Watch 4:03 News Wrap: Fed chair says interest rates could be cut this year In our news wrap Wednesday, Federal Reserve Chair Jerome Powell says interest rates could be cut this year if inflation keeps falling, Alabama lawmakers moved to shield IVF providers, politicians in Haiti try to form a new governing coalition, a… Continue watching
Feb 29 Federal Reserve’s preferred inflation gauge picked up last month in sign of still-increased prices By Christopher Rugaber, Associated Press 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. Continue reading
Feb 08 Inflation is nearly back to 2 percent. So why isn’t the Federal Reserve ready to cut rates? By Christopher Rugaber, Associated Press 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. Continue reading
Feb 02 Watch 6:43 What the strong jobs report means for the Fed’s plan to lower interest rates By Courtney Norris, Amna Nawaz The labor market was running hot again last month as U.S. employers added 353,000 jobs, double what many expected. It's been resilient for months despite predictions of a recession last year. At the same time, the Federal Reserve indicated it’s… Continue watching
Jan 31 Watch 4:24 News Wrap: Federal Reserve holds the line on interest rates In our news wrap Wednesday, the Federal Reserve held steady on interest rates, Israel's prime minister met with families of hostages held in Gaza, the U.N.'s top court rejected most of Ukraine's legal case against Russia, FBI Director Christopher Wray… Continue watching
Jan 31 WATCH: Federal Reserve signals that interest rate cuts aren’t imminent and leaves them unchanged for now By Christopher Rugaber, Associated Press 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… Continue reading