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Year-on-year inflation bottomed at 5% in December 1976 before moving higher once again. Paul Volcker was chosen as Fed Chairman in 1979 in order to deal with the challenge of high inflation. In a rare Saturday press conference on October 6, 1979, [6] Paul Volcker's federal reserve increased the Fed Funds rate from 11% to 12%. [7]
Some Fed officials are encouraged by a new reading on inflation showing signs that inflation may be moderating, though they say that doesn’t mean it’s time to start easing up on rate hikes.
Wall Street expects the Federal Reserve to keep rates steady on Wednesday as economic data leaves open the possibility of future hikes. ... October 31, 2023 at 6:04 PM ... What the Fed rate-hike ...
The producer price index released a day earlier on January 14 reported a modest 0.3% increase in ... October 28–October 29, 2025 ... rate is 4.25% to 4.50%. The Federal Reserve’s Federal Open ...
The Fed on Wednesday lowered its benchmark rate by 0.50 percentage points, a critical pivot after the central bank introduced a flurry of rate hikes to tame the pandemic's high inflation.
At the conclusion of its sixth rate-setting policy meeting of 2024 on September 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 50 basis points to ...
The Fed is expected to hold rates steady this week. ... What the Fed rate-hike pause means for ... which excludes volatile food and energy prices — clocked in at 3.5% for the month of October ...
The Federal Reserve's next rate move might be a hike, according to Bank of America analysts. ... Fed still thinks rates are restrictive. But hikes will likely be in play if y/y core PCE inflation ...