Federal Reserve Likely to Stand Pat On Rates This Week, Deepening the Gulf Between Powell and Trump
The Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting.
Consumer Sentiment Rises for 1st Time This Year as Inflation Remains Tame
Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China.
Powell at Jackson Hole: ‘The Time Has Come’ for Rate Cuts
With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday.
Top Official Says Fed Can’t Risk Being Too Late with Cuts
Chicago Fed President Austan Goolsbee said yesterday that the Fed needs to cut its key interest rate before the job market weakens further.
Shoppers’ Refusal to Pay Higher Prices May Be Killing Inflation
Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive.
Fed’s Preferred Inflation Gauge Cools, Adding to Rate-Cut Likelihood
The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates this fall.
Powell: Inflation Cooling Again, But Not Yet Time to Cut Rates
Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates.
Are Interest Rates High Enough to Beat Inflation? The Fed Will Take Its Time to Find Out
The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year.
Powell: Elevated Inflation Will Likely Delay Rate Cuts
“If higher inflation does persist,” he said, “we can maintain the current level of [interest rates] for as long as needed.”
March Inflation Reading Means ‘Bad News’ for Mortgage Rates
Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it weighs when and by how much to cut interest rates this year.
Inflation Is Nearly Back to 2 Percent. So Why Isn’t the Fed Ready to Cut Rates?
From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers. Central bankers? Not so much.
Top Fed Official Says Inflation Nearly Won, Rate Cuts Coming
A top Federal Reserve official said this week that he is increasingly confident that inflation will continue falling, but provided few hints of the likely timetable for Fed rate cuts.
From Housing to Energy to Food, US Inflation Picks Up
Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2 percent target will likely remain a bumpy one.
Why Americans Feel Gloomy About the Economy Despite Positive Indicators
The U.S. economy has repeatedly defied predictions of a coming recession. Yet according to a raft of polls and surveys, most Americans hold a glum view of the economy. One reason? No disinflation,
Boston Fed President Says Low Unemployment Not Signal of ‘Full Employment’
“No one statistic can adequately characterize the labor market, since aggregate numbers do not show the wide range of experiences across people, sectors and places,” Susan Collins said.
In Speech, Powell Reinforces Fed’s Cautious Approach
Federal Reserve Chair Jerome Powell suggested Thursday that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace.
Boston Fed President: Inflation Remains Too High
The president of the Federal Reserve Bank of Boston believes that inflation still remains too high and that policymakers are keeping an eye on price stability.
Fed Signals Optimism About a Potential ‘Soft Landing’
The Federal Reserve left its benchmark interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased.
Boston Fed’s Collins: ‘Further Tightening Could Be Warranted’
Boston Federal Reserve President and CEO Susan M. Collins is expecting interest rates to remain at restrictive levels, hinting that the Fed may have to further increase key rates, depending on economic data to come.
Getting Inflation Down to Fed’s Target Rate Will Be the Toughest Mile
The stickiness of inflation could endanger the possibility that the Fed will achieve a rare “soft landing” for the economy.
