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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 ...
Federal Reserve Bank of Richmond President Thomas Barkin. ... The Atlanta Fed forecasts inflation to decelerate to 2.5% by the end of 2024 and closer to 2% by the end of 2025. ... Good Morning ...
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.
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 ...
Bank of America Securities US economist Stephen Juneau wrote in a research note that a print in line with expectations will "certainly lead Fed participants to reassess their inflation and policy ...
The path to the Fed’s 2% inflation target was expected to be long and bumpy, and it has been a little choppy the past couple of months, prompting the central bank to take a more cautious ...
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.