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Williams expects the Personal Consumption Expenditures index, which is the Fed's preferred inflation gauge, to be at 2.25% to 2.50% this year "before moving closer to 2% next year."
Fed officials see the fed funds rate falling to 3.9% in 2025. That’s still far from the desired target rate of 2%. BofA economists assess the risks for the next move by the Fed is skewed toward ...
Consumer inflation increased 0.1% in November and 3.1% over the last 12 months, following October's 3.2%, according to the Bureau of Labor Statistics' (BLS) Consumer Price Index (CPI), released ...
The Fed specifically focuses on long-run inflation expectations and Fed Chair Jerome Powell makes it a point to mention the state of Americans’ inflation perceptions at every news conference ...
The move, the Fed's third rate cut of the year, reduces the central bank’s target rate to between 4.25% and 4.5%. In its statement announcing the cut, the Fed now projects just two interest rate ...
Waller also said he thought the Fed's short-term rate, which is at 5.4%, the highest in 22 years, is likely high enough to keep inflation headed down to the central bank's 2% target.
Federal Reserve Chair Jerome Powell said Tuesday that it will take "longer than expected" to achieve the confidence needed to get inflation down to the central bank’s 2% target, signaling that ...
The move means officials have now slashed the Fed’s key benchmark interest rate — the federal funds rate — a full percentage point, bringing the new target rate down to 4.25-4.5 percent.