As inflation cools, Macklem says different countries will cut rates at own pace
by CP24
CP24— OTTAWA - Bank of Canada governor Tiff Macklem says central banks will make monetary policy decisions geared toward their own economies, which means some countries may begin cutting interest rates before others. Macklem made the comments while speaking to reporters on the sidelines of International Monetary Fund meetings in Washington, D.C. Friday. “We've all been resolute in our commitment to restore price stability, and we've matched those words with action that has helped us all bring...
www.theyeshivaworld.com—Federal Reserve Says Interest Rates Will Stay at Two-Decade High Until Inflation Further Cools. The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at which it kept […]
KLFY—Federal Reserve says interest rates will stay at two-decade high until inflation further cools. Fed Chair Powell’s 2:30 p.m. ET news conference will be livestreamed within this story. This story will also be updated with today’s F.O.M.C. decision on their key interest rate.
WCCB Charlotte—Federal Reserve Says Interest Rates Will Stay At Two-Decade High Until Inflation Further Cools. The Federal Reserve emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target.