The chief of the Philadelphia Federal Reserve on Monday said one reduction in interest rates “would be appropriate by year’s ...
In June 2022, U.S. inflation peaked at 8.9% — a dramatically high level after nearly three decades of relatively stable ...
For the Fed to cut rates we need to see softer inflation, rising unemployment and cooler consumer spending. This appears to ...
The Fed pared its forecast to 1 rate cut in 2024 despite Wednesday's CPI report which showed a further inflation slowdown.
The Federal Reserve said Wednesday it expects to cut its benchmark interest rate just once this year as inflation remains ...
Less-expensive gas likely slowed U.S. consumer inflation in May. But when the government reports the latest monthly price ...
Federal Reserve officials on Wednesday will likely make official what’s been clear for many weeks: With inflation sticking at ...
Crude oil futures remained firm on Thursday following an encouraging round of economic data suggesting that inflation may be waning in the United States. WTI futures ultimately gained 3.87% over the ...
Consumers barely increased spending in May from April as still high prices on groceries and other necessities and high interest rates curbed spending.
Federal Reserve Bank of Cleveland President Loretta Mester said she wants to see a few more months of similar positive data ...
After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress ...
(Reuters) - Federal Reserve Bank of New York President John Williams said Tuesday interest rates will come down gradually ...