Federal Reserve policymakers were still willing to raise rates if the economy surprised them, notes from their most recent meeting suggested. By Jeanna Smialek Jeanna Smialek covers economics and ...
Still, while the yearly rise in consumer prices has moderated from a high of 9.1% in mid-2022, inflation is still running ...
"Participants observed that while inflation had eased over the past year, in recent months there had been a lack of further progress toward the Committee's 2 percent objective," the summary stated.
The Federal Reserve kept its benchmark rate in a range of 5.25% to 5.5%, the same level where it's been parked since July ...
Federal Reserve Minutes: Policymakers Saw a Longer Path to Rate Cuts WASHINGTON (AP) — After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting ...
File image of US Federal Reserve Chair Jerome Powell responding to a question at an event in February 2024(Reuters / Amanda Andrade-Rhoades) Federal Reserve officials earlier this month coalesced ...
Federal Reserve changes to the federal funds rate can have an indirect but big impact on mortgage rates. Here's what current ...
Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the confidence to move forward on interest rate reductions.
WASHINGTON (AP) — After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought ...