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Inflation rates have dramatically fallen since they topped 9% in June 2022. The current annual inflation rate is 2.5%, the lowest it's been since February 2021. That's a significant drop; however,...
October inflation readings out this week have shown little progress toward that target, calling into question how deeply the Fed will cut interest rates in 2025.
Cook said Monday that inflation readings can be volatile month to month and that the process of bringing inflation back down to the Fed’s 2% goal could still be a "bumpy" one.
And those perceptions could continue to get worse the longer it takes the Fed get inflation back to its 2% target. Fed officials don’t expect inflation to reach 2% until 2026, according to their ...
His term as Fed chair ends May 15, 2026. At the same time, economists are forecasting more rate cuts in 2025, but not until May or even later, according to FactSet polling.
The Fed's move marks its third straight rate cut and brings its benchmark short-term rate to a range of 4.25% to 4.5%. ... is to get inflation back down to its target and keep it there so that ...
Powell, speaking in Dallas, said that inflation is edging closer to the central bank's 2% target, “but it is not there yet." “The economy is not sending any signals that we need to be in a ...
Primarily driven by supply chain bottlenecks, inflation is a threat to the health of the economy, but the rise in prices has been good for some.