Aug 14 Year-over-year inflation hits lowest level in three years, clearing way for Fed to begin cutting rates By Christopher Rugaber, Associated Press Measured from a year earlier, prices rose 2.9%, down from 3% in June. It was the mildest year-over-year inflation figure since March 2021. Continue reading
Aug 13 Watch 6:51 How Trump’s wish for more Federal Reserve control could impact economy if he’s reelected By Geoff Bennett, Diane Lincoln Estes, Azhar Merchant Former President Donald Trump says he wants a more direct role in how the Federal Reserve sets interest rates and suggested he could break with traditional policies when it comes to the Fed’s independence. Geoff Bennett discussed what Trump could… Continue watching
Jul 31 WATCH: Fed Chair Powell holds news briefing as first interest rate cut in four years ‘getting closer’ By Christopher Rugaber, Associated Press At a news conference Wednesday, Fed Chair Jerome Powell said that if inflation continued to cool, "a rate cut could be on the table in the September meeting.”… Continue reading
Jul 26 Federal Reserve’s favored inflation gauge cools, increasing likelihood of September rate cut By Christopher Rugaber, Associated Press Prices rose just 0.1% from May to June, up from the previous month's unchanged reading. Compared with a year earlier, inflation declined to 2.5% from 2.6%. Continue reading
Jul 09 WATCH: Slowing job market signals interest rate cuts may be near, Powell tells Senate committee By Christopher Rugaber, Associated Press The Fed has made "considerable progress" toward its goal of defeating the worst inflation spike in four decades, Powell told the Senate Banking Committee. Continue reading
Jul 02 U.S. inflation slowing again, but Fed Chair Powell warns it isn’t yet time to cut rates By Christopher Rugaber, Associated Press Speaking in a panel discussion at a monetary policy conference in Sintra, Portugal, Powell said Fed officials still want to see annual price growth slow further toward their 2% target before they would feel confident of having fully defeated high… Continue reading
Jun 12 WATCH: Powell speaks after Federal Reserve signals only one likely interest rate cut this year By Christopher Rugaber, Associated Press “We’ll need to see more good data to bolster our confidence that inflation is moving sustainably toward 2 percent,” Chair Jerome Powell said at a news conference. Continue reading
Jun 10 Inflation data this week could help determine Fed’s plan for possible interest rate cuts By Christopher Rugaber, Associated Press Chair Jerome Powell will likely reiterate that Fed officials need further confidence that inflation is returning to 2% before they would consider rate cuts. Continue reading
May 31 A closely tracked inflation gauge rises at slowest pace this year By Christopher Rugaber, Associated Press A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Continue reading
May 14 Federal Reserve Chair Powell downplays potential for a rate hike despite higher price pressures By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again. Continue reading