What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
WEB17 hours ago · The Fed Is Watching Jobs and Prices. A Federal Reserve official predicted quarter point rate cuts if data looked ‘fine’. But he also set out a scenario for a pause — or faster reductions ...
Fed dissenter Bowman preferred smaller rate cut because 'we …
WEB17 hours ago · Fed Chair Jerome Powell, in a press conference with reporters Wednesday, argued the larger 50 basis point cut was an attempt to get ahead of a cooling job market now that inflation is on its way ...
Fed’s Bowman Says Big Cut Could Be Seen as Claiming Win Too …
WEB18 hours ago · Federal Reserve Governor Michelle Bowmansaid cutting interest rates by a half percentage point risked signaling the US central bank was declaring victory over inflation too early. “The committee ...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB3 days ago · Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in June, when they last released ...
Federal Reserve issues FOMC statement
WEB3 days ago · Federal Reserve issues FOMC statement. For release at 2:00 p.m. EDT. Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committee's 2 percent objective but remains somewhat elevated.
What the first interest rate cut in 4 years means for the Fed’s ... - PBS
WEB2 days ago · Audio. The Federal Reserve cut interest rates for the first time in four years with an aggressive move that lowers its benchmark rate by a half percentage point. The Fed also said it intended to ...
Fed's key inflation measure cooled slightly from a year ago ... - NBC News
WEBJul 26, 2024 · By Jeff Cox, CNBC. An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut ...
Biden says Fed made 'declaration of progress ... - Associated Press News
WEB1 day ago · WASHINGTON (AP) — President Joe Biden said Thursday the Federal Reserve’s decision to lower interest rates was “an important signal” that inflation has eased as he poked at Donald Trump’s economic policies as a failure in the past and sure to “fail again” if revived. “Lowering interest rates isn’t a declaration of victory ...
Federal Reserve News Fed Raises Rates at a Slower Pace: Live …
WEBDec 14, 2022 · The forecasts showed that Fed officials expect inflation to remain higher for longer than they thought a few months ago. They now expect consumer prices to rise 3.1 percent next year and 2.5 ...
All the data so far is showing inflation isn't going away ... - NBC News
WEBApr 26, 2024 · At the same time, the personal consumption expenditures price index, the Fed’s key measure in determining inflation pressures, moved up to 2.7% in March when including all items, and held at 2.8 ...