The case for the Federal Reserve to raise short-term interest rates this month is strong, Federal Reserve Bank of Richmond President Jeffrey Lacker said, though he also said he had not decided whether to support the U.S. central bank’s first rate increase in nearly a decade.
Similar Stories to Richmond Fed's Lacker: Case For Rate Increase Strong on Bing News
WSJ.com: US Business, Wall Street Journal: Business
Fri, 09/04/2015 - 5:25am
BING NEWS:
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The Fed paused the federal funds rate at a target range of 5.25% to 5.5% in August last year after raising interest rates 11 times between March 2022 and July 2023. Inflation reacted quickly, dropping ...
04/26/2024 - 3:56 pm | View Link - Fed's preferred inflation gauge shows price pressures stayed elevated last month
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden ...
04/26/2024 - 8:34 am | View Link - Fed's Key Inflation Indicator Hits 2.8%, Dashes Rate Cut Hopes; Traders On Alert
PCE inflation index rose more than expected in March, delaying rate cut expectations and causing market reactions. Fed's preferred gauge of inflation and key highlights.
04/26/2024 - 3:36 am | View Link - PCE inflation accelerates in March. What it means for Fed rate cuts
PCE inflation, which is watched closely by the Federal Reserve, picked up in March while a core measure stayed high.
04/26/2024 - 1:34 am | View Link - Confounding US economic, inflation data cloud Fed's rate path
The Federal Reserve's latest financial stability report was good news for anyone worried that a record run of interest rate hikes might overstress the banking system or trigger a recession with ...
04/25/2024 - 2:29 am | View Link - More
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