Inflation finishes 2024 well above Fed’s 2% target, PCE shows. Rate cuts on hold.
The price gauge used by the Federal Reserve to help set U.S. interest rates accelerated in December, pushing the bank further away from its inflation goal and reducing the chance of a another reduction in borrowing costs soon.
Fed’s Bowman Wants More Inflation Progress Before Cutting Rates
Federal Reserve Governor Michelle Bowman said she wants to see additional progress on inflation before the central bank lowers interest rates further, and questioned how restrictive policy might be given the economy’s strength.
Federal Reserve holds interest rates steady as inflation remains above 2%
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
U.S. Fed Keeps Rates On Hold As Inflation Stays Sticky
Fed kept its key interest rate on hold in a range between 4.25-4.5%, following three consecutive cuts. TD Asset Management's Scott Colbourne discusses the decision and market implications.
Federal Reserve holds interest rates steady amid inflation uncertainty
The Federal Reserve held interest rates steady at its January meeting following three consecutive rate cuts amid uncertainty over inflation and economic conditions.
How the Fed's Pause on Rate Cuts Could Affect Mortgage Rates
If you paid attention to the Federal Reserve's monetary decisions last year, you might have been surprised by something: The central bank's three interest rate cuts didn't help mortgage rates get cheaper for homebuyers.
Trump slams Fed after decision to hold interest rates steady
Federal Reserve officials held interest rates steady after their latest policy meeting, drawing sharp criticism from President Donald Trump.
Fed pauses interest rate cuts. What happens next may depend on Trump
After three successive interest rate cuts, the Federal Reserve on Wednesday made no change in its benchmark lending rate amid new economic uncertainties over the outlook for inflation and President Trump's continued threats of new tariffs and other measures.
Fed hits pause on interest rate cuts
The Federal Reserve on Wednesday hit pause on interest rate cuts in its first key decision of President Donald Trump’s second term.
Fed kicks off 2024 by standing pat on interest rates
Chairman Jerome Powell says policy decisions are based on economic data, not the shifting winds of political discourse.
Fed Holds Rates Steady Following Flurry Of Cuts In 2024
The Federal Reserve announced Wednesday that it would maintain its federal funds target range at 4.25% to 4.50% despite continuously
Inflation gauge favored by Fed showed price growth picked up in December
The Federal Reserve's preferred inflation gauge, known as the personal consumption expenditures index, rose in December in ...
Inflation ticked higher last month, in latest sign of persistent price pressures
An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices ...
Bowman: Inflation risks to the upside, further rate cuts should be gradual, cautious
Federal Reserve governor Michelle Bowman said she still expects declining inflation to allow further interest rate cuts this ...
High Inflation Sows Debate About New Fed Playbook for Tariffs
Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect ...
The Fed’s go-to inflation gauge heated up again
The Federal Reserve’s preferred inflation gauge moved even higher in December, driven in part by rising food and energy prices. However, a closely watched measurement of underlying inflation trends ...
US inflation rise in December; consumer spending accelerates
U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting ...
Dow Jones Today: Stock Futures Rise Ahead of Key Inflation Report; Major Indexes on Track to Post January Gains
Stock futures are higher Friday morning as investors respond to a steady stream of earnings reports and await the release of a closely followed inflation indicator.
Stock Market Today: What to Watch Ahead of PCE Inflation Data
The Federal Reserve's favorite inflation gauge is due out this morning. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq ...