Fed Chair Jerome Powell said Wednesday that inflation remains elevated; but the labor market is solid, and the economy is strong, so the central bank doesn’t have to hurry more rate cuts.
WASHINGTON – The Federal Reserve paused its interest rate cutting campaign Wednesday and gave no signal it plans to lower rates again in the near term amid uncertainty spawned by inflation and P ...
US inflation increased by the most in eight months in December amid a surge in consumer spending, suggesting the Federal Reserve would probably be in no hurry to resume cutting interest rates soon.
FEDERAL RESERVE HOLDS INTEREST RATES STEADY AMID INFLATION UNCERTAINTY Headline PCE showed prices for goods were flat in December, while prices for services rose by 3.8% from a year ago.
Both a healthier job market and more stubborn inflation typically would imply fewer Fed rate cuts in the coming months. In a news conference Wednesday, Fed Chair Jerome Powell largely deflected ...
The Fed's decision to keep rates steady reflects stubborn U.S. inflation, which remains close to 3% on an annual basis. That has fueled concerns that additional rate cuts could reignite price ...
After a two-day meeting of its monetary policy committee in Washington, the Fed announced it would hold its rate target at 4.25% to 4.50%.
The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and ...
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