Powell says Fed will likely cut rates ... - Associated Press News
3 days ago · WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next. Powell, speaking in Dallas, said that inflation is edging closer to ...
Inflation Ticks Up Slightly - The New York Times
5 days ago · The Consumer Price Index rose 2.6 percent in the year through October, a sign that inflation remains stubborn. The report serves as a reminder that the Federal Reserve still has work to do. 10 ...
U.S. inflation rose 2.6% in October, a month after the ... - CBS News
4 days ago · Inflation ticks up for first time since March 02:00. U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest ...
CPI report updates: Inflation rises slightly | AP News
5 days ago · From September to October, core prices are expected to have risen 0.3% for a third straight month — a pace that, if sustained, would exceed the Federal Reserve’s 2% inflation target. An uptick in prices could fuel concerns in financial markets that progress in taming inflation might be slowing.
Federal Reserve issues FOMC statement
Nov 7, 2024 · Federal Reserve issues FOMC statement. Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee's 2 percent objective but remains ...
The Fed’s Preferred Inflation Gauge Cooled Overall in September
Oct 31, 2024 · That is nearly back to the Federal Reserve’s 2 percent inflation goal — good news for both the Fed and the White House. It is also slower than the previous reading, which stood at 2.3 percent.
The Fed cuts key rate by half-point, signaling end to its inflation ...
Sep 19, 2024 · Inflation has tumbled from a peak of 9.1% in mid-2022 to a three-year low of 2.5% in August, not far above the Fed’s 2% target. The Fed’s policymakers also signaled that they expect to cut their key rate by an additional half-point in their final two meetings this year, in November and December.
Fed cuts key interest rate a quarter-point but signals ... - NBC News
Nov 7, 2024 · The Federal Reserve announced Thursday it was lowering its key interest rate by a quarter-point — a widely expected move that coincides with inflation approaching the central bank's 2% goal.
Fed's Collins expects more rate cuts amid confidence inflation is ...
Oct 8, 2024 · Federal Reserve Bank of Boston President Susan Collins said on Tuesday that with inflation trends growing weaker it is very probable that the U.S. central bank can deliver more interest rate...
Powell says Fed will likely cut rates cautiously given ... - ABC News
3 days ago · Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the ...