Fed’s Kashkari Says Only Inflation Could Derail December Cut
7 hours ago · 1:51. Federal Reserve Bank of Minneapolis President Neel Kashkari said he’ll be looking at incoming inflation data to determine whether another interest-rate cut is appropriate at the US central ...
Sticky inflation might make it more tricky for Fed rate cuts, CPI …
9 hours ago · SPX. -0.50%. A rapid slowdown in the rate of U.S. inflation appears to have lost steam, potentially raising questions about how aggressively the Federal Reserve will cut interest rates early next ...
Inflation 'unlikely to show much progress' in October as Fed …
10 hours ago · The report, set for release at 8:30 a.m. ET on Wednesday, is expected to show headline inflation of 2.6%, a slight uptick from September's 2.4% annual gain in prices, which marked the lowest ...
US Consumer Inflation Outlook Fell Slightly, Fed Survey Shows
11 hours ago · According to the New York Fed’s survey, median year-ahead earnings growth expectations were unchanged at 2.8% in October. The figure has moving within a narrow range between 2.7% and 3% this ...
Federal Reserve issues FOMC statement
6 days ago · 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 ...
Inflation Remains Subdued, as Fed Preps Rate Cut
Sep 11, 2024 · Federal Reserve officials are widely expected to make their first interest rate cut in more than four years next week, and the fresh inflation reading — which was the coolest in more than three...
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.
Inflation Cooled in August, Keeping the Fed Poised to Cut Rates
Sep 11, 2024 · Inflation continued to recede in August, paving the way for the Federal Reserve to lower interest rates for the first time since early 2020 at their meeting next week.
The Fed’s Preferred Inflation Gauge Stays Cool, Keeping a Rate …
Aug 30, 2024 · The release of the Federal Reserve’s favorite inflation number, the Personal Consumption Expenditures index, showed that yearly inflation was 2.5 percent. That was in line with both the...
US inflation reaches 3-year low as Fed prepares to cut interest …
Sep 11, 2024 · The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the presidential race.