Bowman said that it's possible more hikes could be needed, rather than the cuts the market is expecting.
The Fed is determined not to reduce interest rates too soon, experts say — a mistake the central bank has made in the past.
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
The March consumer price index data, released today, showed inflation rose to a 3.5% pace year over year, faster than February's 3.2% rate. The core data exceeded expectations too. The news is likely to delay interest-rate cuts by the Federal Reserve.
A blowout inflation report pushes back the timing of Fed rate cuts.
WNBA star Brittney Griner and her wife, Cherelle Griner, are expecting a baby, they announced on Instagram on April 13. The baby is due in July 2024, the couple said.
The Federal Reserve is likely to cut rates before the European Central Bank does, a former member of the Bank of England said.
A monthly report on consumer prices due Wednesday is unlikely to settle the debate around the timing of Federal Reserve interest-rate cuts, with forecasters expecting some moderation following elevated inflation readings at the start of the year.
Inflation likely remained elevated once again for the month of March, adding another round of price increases to Americans' already-strained wallets. On paper, the U.S. economy looks solid. The unemployment rate has now remained below 4% for the longest stretch since the 1960s. Stocks are at all-time highs. The economy continues to add jobs. But since the start of the pandemic, Americans have seen average prices increase more than 20% overall — giving people a sense that the cost of many...
CNBC's Jim Cramer reviewed last Friday's nonfarm payroll report and highlighted the thriving economy.
SUMMERS: Fed's next rate move COULD BE A HIKE! (Second column, 6th story, link) Related stories:Consumer prices rise 3.5%Long-predicted storm clouds in economy may be formingCredit-Card Delinquency Rates Worst on RecordPrice of Chocolate Boxes Going Up as Cocoa Prices Soar
John Calipari, the offbrand-Pitino recruiting whiz who racked up more than 400 wins, four Final Four appearances and a national title during his 15-year stint as the basketball coach for the University of Kentucky Wildcats, publicly announced his resignation today.