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.
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...
Inflation and hiring have been firmer than expected this year, weakening
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
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A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".
It's a tough case to sell that higher interest rates today are having a substantially negative impact on the course of the 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.
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.
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, […]