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The Fed decided last month to hold interest rates steady and maintain projections for three rate cuts this year. Officials also raised their outlook for inflation and economic growth. Read more ...
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 ...
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 ...
Some officials, including Beth Hammack, president of the Fed’s Cleveland branch, have argued that the persistence of inflation means the Fed should keep its key rate elevated. Hammack voted ...
Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland. ... The Atlanta Fed forecasts inflation to decelerate to 2.5% by the end of 2024 and closer to 2% by the end of 2025.
The S&P 500 sunk 2.9%. Among the key signals from the Fed include a higher terminal interest rate projection of 3% rather than 2.875%, and an increased inflation forecast of 2.5% next year. Both ...
The Fed last raised rates in July to a 22-year high as part of an aggressive campaign to cool inflation. Its next policy meeting is Jan. 30-31, during which the central bank is widely expected to ...
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 ...