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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.
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 ...
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.
Policymakers now forecast headline PCE inflation to reach 2.5% next year, up from the September projection of 2.1%, and 2.1% in 2026, compared to the previous 2% estimate.
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 central bank has seen substantial progress since then: Inflation is currently running under 3%, as measured by the Fed’s preferred inflation gauge, the Personal Consumption Expenditures ...
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 ...
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 ...