Federal Reserve is set to cut interest rates for the first time in 4 ...
WEB1 day ago · Chair Jerome Powell made clear last month in a high-profile speech in Jackson Hole, Wyoming, that Fed officials feel confident that inflation has largely been defeated.It has plummeted from a peak of 9.1% in June 2022 to 2.5% last month, not far above the Fed’s 2% target.Central bank officials fought against spiking prices by raising their key …
With Fed's rate cut at hand, debate swirls over how big a move
WEB1 day ago · The Fed's benchmark policy rate has been held in the current 5.25%-5.50% range for 14 months. That is longer than three of the last-six Fed "hold" periods but is short of the 15 months that rates ...
The Fed is finally about to cut interest rates. What took so long?
WEB2 days ago · It’s simple: The Fed didn’t cut interest rates sooner because it could have reignited inflation or left it stuck above the central bank’s target. While it was a steady (but grueling) journey ...
Economic news this week: See latest inflation, jobs numbers and …
WEB2 days ago · The U.S. economy produced $22.9 trillion of goods on an inflation-adjusted annualized basis in the second quarter, according to the BLS. That pushed up GDP by 3% from the first quarter. What the ...
Fed Meeting Today: Interest-Rate Cut Expected - The Wall Street …
WEB1 day ago · The Federal Reserve is poised to start cutting rates. Last Updated: Sep. 18, 2024 at 3:35 AM EDT. Stock futures ticked up in early trading Wednesday, as investors awaited the Federal Reserve's ...
US inflation reaches 3-year low as Fed prepares to cut interest …
WEBSep 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 final weeks of the presidential race.
A crisis of confidence at the Fed - Financial Times
WEB1 day ago · A big cut early allows the Fed to bring interest rates down quickly from between 5.25 and 5.5 per cent to something closer to neutral at a time when the inflation threat is receding and ...
The Fed is winning its battle against inflation. So why isn’t it ...
WEBJun 11, 2024 · It was, however, welcome news to Fed officials that Consumer Price Index-measured inflation fell to 3.4% in April from 3.5% in March.
Inflation data this week could help determine Fed's timetable for …
WEBJun 10, 2024 · Though consumer inflation has slowed dramatically since peaking at 9.1% in mid-2022, it was still 3.4% in April, well above the Fed’s target. The Fed would reduce rates faster if growth were to stall and companies were to lay off many workers.
Federal Reserve News Fed Takes Aggressive Action in Inflation …
WEBJun 15, 2022 · The Federal Reserve took its most aggressive step yet to try to tame rapid and persistent inflation, raising interest rates by three-quarters of a percentage point on Wednesday and signaling that...