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
Powell likely to signal that lower inflation is needed before Fed would cut rates
The Federal Reserve will be watching jobs and unemployment numbers, as well as a manufacturing index and other private sector reports.
Since the start of the year, central bankers' best hopes to take pressure
The Bank of England 's governor last night forecast another big drop in inflation after it fell to the lowest level since September 2021.
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".
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A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Nowadays, it’s anyone’s guess when the Federal Reserve will begin to cut interest rates this year — if at all. Fed officials are meeting this week, starting Tuesday, to discuss rates and set policy. They’re widely expected to hold rates steady for the sixth straight meeting. But analysts...
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.
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