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
May 01 WATCH: Fed Chair Powell suggests taming inflation will take longer than expected By Christopher Rugaber, Associated Press The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2 percent target. Continue reading
Apr 16 Elevated inflation will likely delay interest rate cuts this year, warns Federal Reserve Chair Powell By Christopher Rugaber, Associated Press "Recent data have clearly not given us greater confidence" that inflation is coming fully under control and "instead indicate that it's likely to take longer than expected to achieve that confidence," Powell said during a panel discussion. Continue reading
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