Fed’s Kashkari Says Only Inflation Could Derail December Cut
11 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 ...
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 ...
Fed cuts key interest rate a quarter-point but signals ... - NBC News
5 days ago · 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.
Federal Reserve cuts its key interest rate by a quarter-point | AP News
6 days ago · By CHRISTOPHER RUGABER. Updated 2:42 PM PST, November 7, 2024. WASHINGTON (AP) — The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week.
Fed Cuts Rates Again - The New York Times
5 days ago · The Fed’s move comes just days after America elected Donald J. Trump as its next president, and at a moment when the U.S. economy stands on the brink of change. Fed officials lowered interest ...
Fed’s Kashkari Says Economy Strong, But Inflation Not Vanquished
2 days ago · Federal Reserve Bank of Minneapolis President Neel Kashkari said the US economy has remained remarkably strong as the central bank progressed in beating back inflation, but the Fed was still ...
The Fed cuts key rate by half-point, signaling end to its inflation ...
Sep 19, 2024 · The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for consumers.
Inflation has slowed. Now the Federal Reserve faces expectations …
Jan 29, 2024 · In the past three months, year-over-over inflation that excludes volatile food and energy costs has dropped to just 1.5%. Yet Fed officials are expected to wait for at least a few months, to try to build confidence that inflation has been …
Inflation Falls Below 3% for First Time Since 2021
Aug 14, 2024 · Inflation Falls Below 3% for First Time Since 2021. Consumer prices rose 2.9 percent in the year through July, a downtick from the prior month. The report keeps the Federal Reserve firmly on...
US Consumer Inflation Outlook Fell Slightly, Fed Survey Shows
15 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 ...