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Latest inflation data could boost case for more big Fed rate cuts. By Howard Schneider. WASHINGTON (Reuters) -Slowing inflation in August buttressed arguments Federal Reserve officials used in ...
Cleveland Fed president Loretta Mester said Thursday that the latest reading on inflation doesn’t alter her calculus for three rate cuts later in 2024.. A month-over-month jump in the Fed’s ...
A new reading of the Federal Reserve’s preferred inflation gauge could make it easier for the central bank to justify a dovish shift in 2024, setting the stage for rate cuts in the new year ...
Federal Reserve Economic Data (FRED) is a database maintained by the Research division of the Federal Reserve Bank of St. Louis that has more than 816,000 economic time series from various sources. [1] They cover banking, business/fiscal, consumer price indexes, employment and population, exchange rates, gross domestic product, interest rates ...
Cleveland Fed President Loretta Mester said Tuesday that the central bank could lower interest rates "later this year," warning it would be a "mistake" to cut too soon.
The Federal Reserve Bank of Cleveland is the Cleveland -based headquarters of the U.S. Federal Reserve System 's Fourth District. The district is composed of Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. It has branch offices in Cincinnati and Pittsburgh.
Nowcasting in economics is the prediction of the very recent past, the present, and the very near future state of an economic indicator. The term is a portmanteau of "now" and "forecasting" and originates in meteorology. Typical measures used to assess the state of an economy, such as gross domestic product (GDP) or inflation, are only ...
Inflation, to be sure, continues to moderate following the most aggressive central bank campaign to cool prices since the 1980s. Core inflation has fallen to 3.9% from 5.6% at the beginning of ...