The Fed is finally about to cut interest rates. What took so long?
WEB1 day 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 …
WEB1 day ago · In August, annual change in the U.S. inflation rate as measured by the consumer price index fell to 2.5% from 2.9% in July. The reading was the lowest since March 2021, a year before the Fed ...
Will the Fed cut interest rates fast enough to deliver a ‘soft landing ...
WEB1 day ago · Chair Jerome Powell emphasized in a speech last month in Jackson Hole, Wyoming, that the Fed is prepared to cut rates to support the job market and achieve a notoriously difficult “soft landing.”. That is when the central bank manages to curb inflation without tipping the economy into a steep recession and causing unemployment to surge.
Inflation Cooled in August, Keeping the Fed Poised to Cut Rates
WEB6 days ago · The overall Consumer Price Index climbed 2.5 percent in August from a year earlier, a notably cooler pace of inflation than July’s 2.9 percent and down sharply from a peak of 9.1 percent back in ...
Inflation Remains Subdued, as Fed Preps Rate Cut
WEB6 days ago · 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...
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 issues FOMC statement
WEBMar 20, 2024 · Inflation has eased over the past year but remains elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals are moving into better balance.
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...
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 ...
The Fed expects to cut rates just once this year - CNN
WEBJun 12, 2024 · Federal Reserve officials are anticipating a higher inflation rate this year, 2.6% measured by the Personal Consumption Expenditures price index, compared to the 2.4% prediction they made in...
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