Federal Reserve Chairman Jerome Powell says the Fed will likely keep raising short-term interest rates at a gradual pace, partly because there are few signs, so far, that the ultra-low U.S. unemployment rate is pushing up inflation. In a speech in Portugal, Powell said Wednesday that with the unemployment...

BING NEWS:
  • Here's when the Federal Reserve could cut interest rates in 2024
    Led by Federal Reserve Chair Jerome Powell, the group of 12 considers inflation ... the slew of hikes in the last two years, for example, the average credit card interest rate soared from 16. ...
    05/2/2024 - 8:16 am | View Link
  • Federal Reserve Takes Cautious Stand On Inflation, Powell Signals Preference For Rate Cuts Over Hikes
    Powell suggests that future rate cuts could occur once there is sufficient confidence that inflation is returning to the 2% target. Post-FOMC, Wall Street shows varied predictions on interest rate ...
    05/1/2024 - 10:44 pm | View Link
  • Stocks surge as Fed Chair Jerome Powell signals further rate hikes ‘unlikely’
    Traders have sharply downgraded their expectations since 2024 began, when they had expected up to six rate cuts.
    05/1/2024 - 1:31 pm | View Link
  • Fed Says Inflation Progress Has Stalled and Extends Wait-and-See Rate Stance
    U.S. central bank officials also approved a plan to slow the continuing reduction of their $7.4 trillion asset portfolio.
    05/1/2024 - 10:33 am | View Link
  • Fed's preferred inflation gauge shows price pressures stayed elevated last month
    More recently, though, several Fed officials, including Chair Jerome ... raised its benchmark rate 11 times to attack the worst bout of inflation in 40 years. Those rate hikes helped cool inflatio ...
    04/26/2024 - 8:27 am | View Link
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