The Federal Reserve cuts interest rates for first time since 2020
WEB2 days ago · Inflation is slowing — but so is the job market. The rate cut on Wednesday comes as the annual inflation rate has fallen sharply, to 2.5% last month, from a peak of 9.1% in June 2022.
What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
WEB22 hours ago · If inflation were to pick back up, Fed policymakers could hold rates steady. And if the job market cools more than expected or if inflation comes in weaker than expected, the Fed could reduce ...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB3 days ago · Fed officials kicked off rate cuts with a half-point reduction, confident that inflation is cooling and eager to keep the job market strong. Listen to this article · 6:21 min Learn more Share ...
The Fed cuts key rate by half-point, signaling end to its inflation ...
WEB2 days ago · WASHINGTON (AP) — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers.. The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has ...
US inflation reaches 3-year low as Fed prepares to cut interest rates ...
WEBSep 11, 2024 · WASHINGTON (AP) — The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the final weeks of the presidential race. Wednesday’s report from the Labor Department ...
The Fed - Inflation (PCE) - Federal Reserve Board
WEBAug 2, 2024 · The Federal Reserve seeks to achieve inflation at the rate of 2 percent over the longer run as measured by the annual change in the price index for personal consumption expenditures (PCE). Why does the Fed target PCE inflation instead of …
Inflation, consumer prices for the United States - St. Louis Fed
WEB1 day ago · Graph and download economic data for Inflation, consumer prices for the United States (FPCPITOTLZGUSA) from 1960 to 2023 about consumer, CPI, inflation, price index, indexes, price, and USA.
Fed Keeps Rates Steady and Forecasts Only One Cut This Year
WEBJun 12, 2024 · The Federal Reserve left interest rates unchanged on Wednesday and signaled one cut in 2024, with more to come in 2025. Earlier, inflation data for May came in cooler than expected.
The Fed - Monetary Policy: Monetary Policy Report (Branch)
WEBFeb 25, 2022 · Inflation. The personal consumption expenditures (PCE) price index rose 5.8 percent over the 12 months ending in December, and the index that excludes food and energy items (so-called core inflation) was up 4.9 percent—the highest readings for both measures in roughly 40 years.
Fed's Bowman says dissent on large rate cut based on above …
WEB23 hours ago · Federal Reserve Governor Michelle Bowman said on Friday she dissented over the U.S. central bank's half-percentage-point interest rate cut this week, favoring a quarter-percentage-point reduction ...