Federal Reserve is set to cut interest rates again as post-election ...
17 hours ago · WASHINGTON (AP) — Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that exasperated many Americans and contributed to Donald Trump’s presidential election victory. Yet the Fed’s future moves are now more uncertain in the ...
Federal Reserve set to make interest rate decision days ... - ABC News
15 hours ago · Inflation has cooled dramatically from a peak of about 9% in 2022, hovering right near the Federal Reserve’s target rate of 2%. The trajectory of inflation could shift in the coming months.
Fed's key inflation measure cooled slightly from a year ago ... - NBC News
Jul 26, 2024 · By Jeff Cox, CNBC. An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut ...
Fed is set to cut rates again while facing a ... - Associated Press News
4 days ago · In September, the Fed’s rate-setting committee estimated that it was 2.9%. Most economists think it’s closer to 3% to 3.5%. The Fed chair said the officials have to assess where neutral is by how the economy responds to rate cuts. For now, most officials are confident that at 4.9%, the Fed’s current rate is far above neutral.
The Federal Reserve is making a rate cut decision on ... - CBS News
1 day ago · With the Federal Reserve's preferred inflation measure dropping to 2.1% last month, just shy of the Fed's 2% goal, the central bank is easing off the brakes it applied when inflation hit a 40-year ...
Federal Reserve issues FOMC statement
Sep 18, 2024 · Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committee's 2 percent objective but remains somewhat elevated.
Fed's Collins expects more rate cuts amid confidence inflation is ...
Oct 8, 2024 · Federal Reserve Bank of Boston President Susan Collins said on Tuesday that with inflation trends growing weaker it is very probable that the U.S. central bank can deliver more interest rate...
US inflation reaches 3-year low as Fed prepares to cut interest …
Sep 11, 2024 · The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the final weeks of the presidential race.
Inflation Slowed in May, Good News for Consumers and the Fed
Jun 12, 2024 · The new report is a sign that inflation is cooling again after proving sticky early in 2024, and it could help to inform Fed officials as they set out a future path for interest rates.
Inflation Cools to 2.9%, Shoring Up Case for a Fed Rate Cut
Aug 14, 2024 · Fed officials have been holding borrowing costs at 5.3 percent, the highest level in more than two decades, to slow demand and bring price increases under control.