Fed not cutting interest rates, inflation remains at 23-year high
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White House on PCE Inflation Increase: 'Nice to Hit the Expectations' -- Expect 'Bumpy Path Down' to Target Rate
On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the March PCE report that showed the yearly PCE inflation rate increasing with the annual core rate holding steady along with
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Powell likely to signal that lower inflation is needed before Fed would cut rates
WASHINGTON (AP) — After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big question, after they end their latest policy meeting Wednesday, will be: Will they still signal rate cuts at all this year? Wall Street traders now envision just a single rate cut this year to the Fed’s
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Powell likely to signal that lower inflation is needed before Fed would cut rates
After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year