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Cleveland Fed President Beth Hammack, who was the sole dissenter at the Fed’s policy meeting earlier this week, favoring a pause, said Friday she needs to see “further evidence that inflation ...
The monthly increase marked a stark shift in the inflation data. Prior to Thursday's release, the six-month annualized rate of price increases had been below the Fed's 2% goal for two consecutive ...
Investors will be closely watching a fresh reading on inflation for clues on the Fed's interest rate-cutting path. ... Economic data: Personal income, October (0.3% expected, 0.3% prior); ...
Inflation's path lower has coincided with resilient economic growth data. Gross Domestic Product (GDP) showed the US economy grew at an annualized pace of 2.8% during the third quarter.
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 ...
The Fed signaled in its policy statement that it is leaning toward holding rates steady in the future, since inflation remains stubbornly above the central bank’s 2% target.
The Fed's preferred measure of inflation — the personal consumption expenditures price index excluding volatile food and energy prices — climbed 4.6% in February from a year earlier, data out ...
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.