Fed Begins Inflation Fight With Key Rate Hike, More To Come

The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling up to seven rate hikes this year.

Topics:  federal reserve   inflation   rate hike   
BING NEWS:
  • US Fed's Powell Says Inflation Fight May Take 'Longer Than Expected'
    The US Federal Reserve's ongoing fight against inflation could take "longer than expected," the head of the US central bank said Tuesday, further paring back the chances of early rate cuts.
    04/16/2024 - 11:50 am | View Link
  • Elevated inflation will likely delay interest rate cuts this year, warns Federal Reserve Chair Powell
    "Recent data have clearly not given us greater confidence" that inflation is coming fully under control and "instead indicate that it's likely to take longer than expected to achieve that confidence," ...
    04/16/2024 - 8:52 am | View Link
  • Fed's Powell: Elevated inflation will likely delay rate cuts this year
    Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer ...
    04/16/2024 - 8:42 am | View Link
  • Inflation still too high for Fed to cut interest rates, Schmid says
    NEW YORK, April 12 (Reuters) - Kansas City Federal Reserve President Jeff Schmid said on Friday the U.S. central bank should not be weighing interest rate ... see if inflation again begins its ...
    04/12/2024 - 6:39 am | View Link
  • Stock Market News: Nasdaq Hits Record After PPI Inflation Data
    “There are clear signs of disinflation in lots of places, but the last mile of the inflation fight is going to be the most difficult. The Fed will cut into the noise, but not until after June.” Odds ...
    04/11/2024 - 12:49 pm | View Link
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