Fed Stays Steady, and Powell Offers No Guidance on Future Rate Cuts
After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and rising inflation risks. Jerome H. Powell, the Fed chair, said the central bank was not on a “pre-set course.
WASHINGTON (AP) — An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that ...
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
Fed Chair Jerome Powell said Wednesday that he continues to look at the overall progress that inflation has made in moving ...
Powell made clear that Fed policymakers are in no rush to reduce interest rates further, after lowering borrowing costs by a ...
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 ...
Fixed-income investors, often sensitive to signs of trouble, appear calm despite uncertainty over issues such as tariffs and the federal budget deficit.
Gold steadied near a record high, after investors flocked to safety when US President Donald Trump reiterated threats to ...
Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect ...
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