Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.
Fed Powell Says Progress in Reducing Inflation Stalled (Second column, 5th story, link) Related stories:Market fear signals flashing redIMF Steps Up Warning Over Spending and Ballooning DebtThe overlooked threats to global financial system Drudge Report Feed needs your support! Become a Patron
State Street chief investment officer Lori Heinel believes a rate cut in June is "likely."
"Energy markets remain the key transmission mechanism from regional tension/conflict to the rest of the world economy."
The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
Asian shares were mixed on Wednesday as the world’s most powerful central banker had a change of heart on US rate cuts this year, pushing Treasury yields to new five-month highs and the dollar towering against other currencies. The beleaguered yen is plumbing fresh 34-year lows on an almost daily basis. It was last steady […]
CNBC's Jim Cramer referred to these factors as "brown shoots" that are disrupting U.S. economic growth.
Asian stocks fell and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected US retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year. Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, […]
Federal Reserve Bank of New York President John Williams said the central bank will likely start lowering interest rates this year if inflation continues to gradually come down.
WASHINGTON — The U.S. Federal Reserve is highly likely to keep interest rates unchanged later this week, as policymakers contend with a recent uptick in inflation that has sharply cut the chance of a summer start to interest rate cuts. The Fed's decision to hike interest rates and then hold them at a 23-year high has helped to significantly lower elevated inflation, although it remains stuck firmly above the U.S. central bank's long-term target of two percent.
The US central bank's favored measure of inflation accelerated last month, according to government data published Friday, pushing back the chances of an interest rate cut this summer.The hotter print is likely to cement the view that inflation, while down sharply since 2022, remains a challenge, and could keep the Federal Reserve on pause as it seeks to battle rising prices.It also complicates US president Joe Biden's reelection message as he seeks to convince still-skeptical consumers that the...
In the latest TV ratings, CBS’ Young Sheldon was Thursday’s most watched program, while ABC‘s coverage of the NFL Draft (Round 1) dominated in the coveted-and-delicious 18-49 demo. CBS | Young Sheldon (with 6.9 million total viewers and a 0.4 rating) was down a tick in both measures. Ghosts (6.1 mil/0.5) and the recently cancelled […]