US inflation may have picked up in October after months of easing | AP News
14 hours ago · At a news conference last week, Fed Chair Jerome Powell expressed confidence that inflation is still heading down to the central bank’s 2% target, though perhaps slowly and unevenly. “We feel like the story is very consistent with inflation continuing to come down on a bumpy path over the next couple of years and settling around 2% ...
Sticky inflation might make it more tricky for Fed rate cuts, CPI …
1 day ago · SPX. -0.50%. A rapid slowdown in the rate of U.S. inflation appears to have lost steam, potentially raising questions about how aggressively the Federal Reserve will cut interest rates early next ...
Fed’s Kashkari Says Only Inflation Could Derail December Cut
23 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 ...
Inflation 'unlikely to show much progress' in October as Fed …
1 day ago · The report, set for release at 8:30 a.m. ET on Wednesday, is expected to show headline inflation of 2.6%, a slight uptick from September's 2.4% annual gain in prices, which marked the lowest ...
Fed cuts key interest rate a quarter-point but signals ... - NBC News
6 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.
Fed Cuts Rates Again - The New York Times
6 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 ...
The Fed just cut rates again — and the timing is undeniably …
6 days ago · Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference at the Federal Reserve in Washington, on Thursday, November 7. ... Inflation: The Fed’s preferred ...
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.
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 lowers key interest rate by quarter point as inflation eases …
6 days ago · The lower-than-expected jobless rate and higher inflation could lead the Fed to cut its rate less sharply, leaving it at 3.5% to 3.75% by the end of 2025 instead of the 3.25% to 3.5% Fed officials ...