Powell says Fed will likely cut rates cautiously given persistent ...
3 hours ago · WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next. Powell, in prepared remarks for a speech in Dallas, said that ...
U.S. Inflation Ticks Up to 2.6% in October, as Fed Considers Rate …
1 day ago · Nov. 13, 2024. Inflation ticked up slightly on an annual basis in October, the latest evidence that while cost increases continue to come under control, they have not yet been entirely vanquished ...
Fed Cuts Rates Again - The New York Times
Nov 7, 2024 · Fed officials lowered interest rates to a range of 4.5 to 4.75 percent on Thursday, but avoided talking about politics in their post-meeting statement. They included no overt signal about what ...
Fed cuts key interest rate a quarter-point but signals ... - NBC News
Nov 7, 2024 · 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.
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.
US inflation reaches 3-year low as Fed prepares to cut interest rates ...
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.
Fed unveils oversized rate cut as it gains 'greater confidence' …
Sep 19, 2024 · Fed's policy rate lowered to 4.75%-5.00% range. Policymakers see another 50 basis points of cuts in 2024. Fed Governor Bowman dissents; preferred smaller cut.
October inflation data meets forecasts, keeping Fed on track for ...
2 days ago · In This Article: New inflation data out Wednesday showed consumer prices rose as forecast in October, keeping the Federal Reserve on track to lower interest rates again in December. The latest ...
The Federal Reserve cuts interest rates for first time since 2020
Sep 18, 2024 · The Federal Reserve moved aggressively Wednesday to start cutting interest rates as its single-minded focus on fighting inflation gives way to a growing interest in protecting the job market.
Inflation Ticks Up Slightly - The New York Times
1 day ago · A hot inflation number today could tilt the balance even further toward the Fed leaving rates unchanged when it meets in December. Nov. 13, 2024, 8:15 a.m. ET Danielle Kaye