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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.
On Wednesday, Federal Reserve governor Michelle Bowman expressed concern that the Fed’s progress toward 2% inflation has “stalled” and said the central bank should proceed "cautiously" when ...
Federal Reserve Bank of Richmond President Thomas Barkin. ... The US economy grew at a 5.2% annualized pace in the third quarter, revised up from the 4.9% reported in the advance estimate a month ...
Deutsche Bank chief US economist Matthew Luzzetti wrote in a note to clients that Thursday's release shows inflation "continues to show bumpy progress" toward the Fed's 2% goal.
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 ...
A fresh inflation reading that met Wall Street expectations is likely to keep the Federal Reserve on track to cut interest rates again next week, but some central bank watchers believe the Fed ...
Federal Reserve Bank of Richmond President Tom Barkin said Thursday that inflation is still elevated, implying the Fed has more work to do to cool down the economy.
Inflation, to be sure, continues to moderate following the most aggressive central bank campaign to cool prices since the 1980s. Core inflation has fallen to 3.9% from 5.6% at the beginning of ...