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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 ...
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.
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 ...
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 ...
One came from Fed governor Michelle Bowman, who said she thinks the Fed will have to raise rates further to bring inflation down to the Fed's 2% target "in a timely way."
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.
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 ...