FOMC meeting comes at a delicate time for the FOMC, with disinflationary progress remaining substantially slower than the Committee would de ...
But it's definitely more along the lines of what we want to see,” Powell said. “We expect inflation to move down to 2%—but on a path that is sometimes bumpy," Powell noted later in the ...
Fed presidents say a rate cut might happen this September, or maybe not. At the IMF meeting, other finance chiefs try to keep ...
The energy sector fell about 1.3% in 2023 (in comparison, the S&P 500 climbed about 26%), but it has been in a stealth rally since the beginning of this year. In fact, the Energy Select Sector SPDR ...
"I definitely don't feel urgency to cut interest rates" given the current strength of the economy, Williams said at the ...
The Federal Reserve’s benchmark interest rate is in a “good place,” moving inflation down, and there is no need to rush to ...
Maybe it's still a bumpy path you could say ... Now when Powell spoke yesterday, he was not putting them back on the table. Jerome Powell: If higher inflation does persist, we can maintain the current ...
While the nation's inflation rate rose to 3.5% in March, some states are seeing higher-than-average inflation due to higher ...
World shares steadied on Wednesday though investors stayed cautious at the prospect of U.S. interest rates staying higher for longer, which in turn pushed Treasury yields to five-month highs and ...
Asian shares steadied from a recent sell-off on Wednesday although investors remain wary after the world's most powerful central banker had a change of heart on U.S. rate cuts this year, pushing ...
The Fed chair is just one of many policymakers who, in the face of persistent price pressures, has voiced no urgency in reducing borrowing costs.
Top U.S. central bank officials including Federal Reserve Chair Jerome Powell backed away on Tuesday from providing any ...