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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 ... November (112.5 expected, 108.7 prior); Richmond Fed ... The Daily Weather Update from FOX Weather ...
Economists have raised their inflation forecasts since U.S. President Donald Trump was elected, based on concerns his policies, particularly on tariffs, could re-ignite price pressures in the economy.
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 ...
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.
Last week, Fed officials decided to raise interest rates for the 11th time since March 2022 in what may be the first of two rate hikes that officials have penciled in for the remainder of the year.
Cleveland Fed President Beth Hammack, who was the sole dissenter at the Fed’s policy meeting earlier this week, favoring a pause, said Friday she needs to see “further evidence that inflation ...
Two Federal Reserve ... rates another 25 basis points from the current range of 4.75%-5% to a new range of 5%-5.25% — in line with the median forecast from Fed ... Richmond Fed President Tom ...