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PublishedJune 14, 2024
Fed diverges from global peers in new era of higher for longer
The Fed staying on hold raises questions around harmful foreign-exchange volatility and risks undermining progress on getting inflation down, according to analysis by Bloomberg Economics.
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PublishedJune 6, 2024
Europe Central Bank jumps ahead of the Fed in lowering rates, but future cuts may be limited
The ECB cut its key interest rate by a quarter of a point, moving ahead of the Reserve as central banks around the world lean toward lowering borrowing costs.
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PublishedMay 29, 2024
Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
In the U.S., a big reason why inflation remains above the Fed's target is that distortions stemming from the pandemic are still keeping prices elevated.
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PublishedMay 3, 2024
U.S. employers scaled back hiring in April. How that could let Fed cut interest rates
The Fed has been delaying any consideration of interest rate cuts until it gains more confidence that inflation is steadily slowing.
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PublishedMay 3, 2024
Fed indicated rates will remain higher for longer. What does that mean for you?
The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy.
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PublishedMay 1, 2024
Federal Reserve says interest rates will stay at 20-year high until inflation further cools
The Fed chair stressed, as he has before, that the central bank's decision on when to cut rates will depend on the latest economic data.
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PublishedApril 3, 2024
Powell says Fed has time to assess data before deciding to cut
Federal Reserve Chair Jerome Powell reiterated his expectation that it will likely be appropriate to begin lowering rates 'at some point this year.'
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PublishedMarch 29, 2024
Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates
The resulting higher borrowing costs helped bring inflation down – from a peak of 9.1% in June 2022 to 3.2% last month.
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PublishedMarch 6, 2024
Powell reiterates Fed needs more confidence on inflation to cut
Federal Reserve Chair Jerome Powell is on Capitol Hill for the first of 2 days of his semiannual monetary policy testimony and is scheduled to appear before the Senate Banking Committee on Thursday.
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PublishedDecember 22, 2023
Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease
Friday's report from the Commerce Department showed that U.S. consumer prices slid 0.1% last month from October and rose 2.6% from November 2022.
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