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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 ...
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.
CHICAGO, Illinois (Reuters) -Federal Reserve officials appear more likely to cut rates this month after data showed the U.S. labor market remained strong but continued to cool in November, with a ...
The consumer price index rose 0.2% in August after edging up by the same margin in July, a welcome development for the Fed as it seeks to return inflation to its 2% goal. In the 12 months through ...
The report led Wall Street traders to downgrade their forecast for Fed rate cuts to just one this year, from two. The Fed is set Wednesday to keep its benchmark rate unchanged at roughly 5.3%, its ...
First is the core PCE price index, the Fed’s favored inflation gauge, on Aug. 30. Then comes the August jobs report on Sept. 6, and finally, a last, pre-meeting snapshot of pricing pressures in ...
The Cleveland Fed president told Yahoo Finance that a month-over-month jump in the Fed ... It rose 2.8% over the prior year in January, the slowest annual increase since a 2.2% increase in March ...
The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 2.7% over the prior year in November, a slight uptickfrom October's 2.6% annual gain in ...