Jan 05 Inflation rose last month in Europe, could keep rising after months of decline By David McHugh, Associated Press European Central Bank President Christine Lagarde warned that inflation could tick up in coming months, taking a detour from its recent downward path. Continue reading
Dec 13 Dow hits a record after the Fed signals rate cuts in 2024 By Stan Choe, Associated Press A powerful rally across Wall Street sent the Dow Jones Industrial Average to a record on Wednesday after the Federal Reserve indicated that the cuts to interest rates investors crave so much may be coming next year. Continue reading
Dec 13 Watch 5:32 Interest rates remain unchanged, but Federal Reserve signals cuts coming in 2024 By Stephanie Sy, Shoshana Dubnow The Federal Reserve opted to leave interest rates unchanged, but Fed Chairman Jerome Powell suggested there may be as many as three rate cuts next year. Powell said rate hikes appear to be over for now and the economy is… Continue watching
Dec 13 Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year By Christopher Rugaber, Associated Press 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. Continue reading
Dec 13 WATCH: Federal Reserve Chair Jerome Powell holds news briefing following interest rate meeting By Christopher Rugaber, Associated Press The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year. Continue reading
Dec 12 November inflation dips as gas prices fall, but services and used cars remain expensive By Christopher Rugaber, Associated Press The mixed picture in Tuesday’s inflation report will likely keep the Fed on track to leave its benchmark interest rate unchanged when its latest meeting ends Wednesday. Continue reading
Dec 11 Speculation about eventual rate cuts is rising, but Fed is set to leave interest rates unchanged By Christopher Rugaber, Associated Press With inflation edging closer to the Federal Reserve's 2 percent target, its policymakers are facing — and in some cases fueling — hopes that they will make a decisive shift in policy and cut interest rates next year, possibly as… Continue reading
Nov 14 Watch 4:07 News Wrap: Speaker Johnson endorses Trump in 2024 White House bid In our news wrap Tuesday, House Speaker Mike Johnson officially endorsed former President Trump in his 2024 White House bid, Trump will stay on Michigan's presidential primary ballot after a judge rejected arguments he is ineligible, inflation eased in a… Continue watching
Nov 14 U.S. inflation cooled in October, driven lower by cheaper gas, cars and airfares By Christopher Rugaber, Associated Press Tuesday's report from the Labor Department showed that prices either fell or rose only slowly across a broad range of goods and services, including gas, new and used cars, hotel rooms and housing. Continue reading
Nov 09 Powell reinforces the Federal Reserve’s cautious approach toward further interest rate hikes By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell suggested that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace. Continue reading