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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.
Economists have raised their inflation forecasts since U.S. President Donald Trump was elected, based on concerns his policies, particularly on tariffs, could re-ignite price pressures in the economy.
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 ...
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 ... USA TODAY Sports ...
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 ...
Thursday's release is the final look at inflation before the Fed's next policy decision on Nov. 7. Key Fed inflation gauge shows price increases match expectations in September [Video] Skip to ...
What was the Fed rate decision today? The Fed cut its federal funds rate — the interest rate banks charge each other for short-term loans — by 0.25 percentage points, lowered the rate to a ...
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 ...