The central bank said that economic activity had continued to expand ‘at a solid pace’ but there had been a ‘lack of further progress’ towards its inflation objective
On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the March PCE report that showed the yearly PCE inflation rate increasing with the annual core rate holding steady along with
By Michael S. Derby. NEW YORK (Reuters) - An announcement from the Federal
By ISABELLA VOLMERT Associated Press INDIANAPOLIS (AP) — Indiana voters are getting another opportunity to see a debate between Republican candidates seeking their party’s nomination as Indiana’s next governor. Tuesday’s debate comes two weeks ahead of the May 7 primary. All six have cast themselves in the competitive, multi-million dollar primary race as political outsiders.
WASHINGTON (AP) — After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big question, after they end their latest policy meeting Wednesday, will be: Will they still signal rate cuts at all this year? Wall Street traders now envision just a single rate cut this year to the Fed’s
Powell likely to signal that lower inflation is needed before Fed would cut rates
After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big question, after they end their latest policy meeting Wednesday, will be: Will they still signal rate cuts at all this year? Wall
The crowd of 650 people also enjoyed a special performance by J.J. Fad, the female rap group from Rialto known for hits such as “Supersonic.”
Since the start of the year, central bankers' best hopes to take pressure
The rise of pro-Palestinian protests that have sprung up at college campuses across the nation will likely be the focus of this week’s Sunday news shows. The protests, focused on aversion to Israel's war against Hamas in Gaza and abating the humanitarian crisis in the region, have highlighted major divisions in American politics and drawn
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...