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Richmond Fed president Tom Barkin said Friday that he expects inflation will continue to drop into next year — stickier inflation data aside — and hinted at slowing down the pace of rate cuts.
Investors will be closely watching a fresh reading on inflation for clues on the Fed's interest rate-cutting path. ... November (112.5 expected, 108.7 prior); Richmond Fed ... USA TODAY Sports ...
Thursday's release is the final look at inflation before the Fed's next policy decision on Nov. 7. ... Weather. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us.
The S&P 500 sunk 2.9%. Among the key signals from the Fed include a higher terminal interest rate projection of 3% rather than 2.875%, and an increased inflation forecast of 2.5% next year. Both ...
In fact, the Fed’s December meeting minutes showed officials believed inflation could take longer than anticipated to reach their 2% goal, citing stickier-than-expected inflation data since past ...
The Fed's preferred inflation gauge will test a stock market near record highs in a holiday-shortened ... week ending May 24 (+1.9% prior); Richmond Fed manufacturing ... The Weather Channel.
Federal Reserve Bank of Richmond President Thomas Barkin. ... The Atlanta Fed forecasts inflation to decelerate to 2.5% by the end of 2024 and closer to 2% by the end of 2025. ... USA TODAY Sports.
The regional Fed president says inflation is still elevated but is encouraged by ... Weather. 24/7 Help. ... Federal Reserve Bank of Richmond President Tom Barkin said Thursday that inflation is ...