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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 ...
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 ...
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.
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 ...
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 ...
Two Fed governors in separate speeches Tuesday also offered different approaches to getting inflation down. One came from Fed governor Michelle Bowman, who said she thinks the Fed will have to ...