The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in cooling escalating inflation.

Topics:  federal reserve   march   plans   cool   inflation   
BING NEWS:
  • CPI Report: Inflation Comes In Hot, Dashing Hopes for Fed Rate Cuts
    The consumer price index climbed 3.5% year over year in March, according to data released ... The news is likely to delay cuts to interest rates by the Fed. Officials want to see inflation decline ...
    04/19/2024 - 5:23 am | View Link
  • World faces permanently higher interest rates, warns Bank of England official
    Inflation fell less than expected in Britain last month, official figures show, as Andrew Bailey indicated the Bank of England will begin cutting interest rates this summer.
    04/17/2024 - 6:43 am | View Link
  • UK interest rate cut hopes fade after inflation falls by less than expected – as it happened
    City investors trim their forecasts for rate cuts this year, after inflation falls by less than expected to 3.2% ...
    04/17/2024 - 2:27 am | View Link
  • Bank of England governor Bailey hints UK will cut interest rates before the US
    Bank of England governor Andrew Bailey said he saw 'strong evidence' that the process of falling inflation was now 'working its way through'.
    04/16/2024 - 10:00 am | View Link
  • Consumers Binge Despite Higher Interest Rates, And The Fed Watches Them Nervously
    Total retail sales jumped by 0.7% seasonally adjusted in March from February, after having jumped by an upwardly revised 0.9% in February from January. Click to read.
    04/16/2024 - 2:36 am | View Link
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