The Federal Reserve’s preferred measure of inflation showed prices once again rose at an unexpectedly brisk rate in March, marking another setback for rate-cut timing. The core Personal Consumption Expenditures Price Index rose 0.3% in March from the previous month and 2.8% year-over-year, according to the latest Bureau of Economic Analysis data released Friday. The … Read more
Financial Counsellor and Director of the Monetary and Capital Markets Department Tobias Adrian hold the press briefing of the Global Financial Stability Report at the International Monetary Fund during the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington DC, United States on April 16, 2024. Anadolu | … Read more
Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank’s William McChesney Martin building on March 20, 2024 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images Markets will continue to rally even if the Federal Reserve chooses not to cut interest rates this year, according to Steven … Read more
WASHINGTON — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024 despite signs that inflation stayed surprisingly high at the start of the year. Yet they foresee fewer rate cuts in 2025, and they slightly raised their inflation forecasts. After ending their latest meeting, the … Read more
The Federal Reserve kept interest rates unchanged following its meeting on Wednesday — a move that was widely anticipated as the central bank cautioned that it “does not expect it will be appropriate” to slash rates “until it has gained greater confidence that inflation is moving sustainably toward 2%.” The central bankers signaled that they … Read more
Federal Reserve chairman Jerome Powell is not known for his resolve. It’s the main reason why the new and emerging consensus among Wall Street Fed watchers is that he will cut interest rates at least twice this year despite signs of persistent inflation, the Post has learned. If the CEOs and top executives who follow … Read more
Donald Trump, the likely 2024 presidential Republican nominee, said that if he were to be reelected, he would not reappoint Jerome Powell as chairman of the Federal Reserve, claiming the central bank’s plans to cut rates this year are only in President Joe Biden’s interest. “No, I wouldn’t,” Trump said when asked about keeping Powell … Read more
Federal Reserve Chair Jerome Powell risks clearing the way for Donald Trump to win the presidency in 2024 if he doesn’t immediately start cutting interest rates, a top progressive lawmaker claimed Wednesday. Ro Khanna, an outspoken California Democrat who has repeatedly blasted Powell over the Fed’s handling of inflation, once again took aim at the … Read more
