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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.
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.
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 ... The Today Show.
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 ...
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 ...
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 ...
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 ...
Weather. 24/7 Help. ... The Federal Reserve today made its final interest rate decision of 2024, ... The Federal Reserve has been battling inflation since March 2022, when it began ratcheting up ...