Powell says no need for Fed to rush rate cuts given strong economy
By Ann Saphir and Howard Schneider DALLAS (Reuters) -Ongoing economic growth, a solid job market, and inflation that remains above its 2% target mean the Federal Reserve does not need to rush to lower interest rates,
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Economists expect the Fed to announce another quarter-point rate cut in December, after a quarter-point reduction last week and half-point cut in September.
Are the Fed's Rate Cuts Over Now That Inflation Is Rising Again?
October's Consumer Price Index (CPI), which measures changes in the cost of consumer goods and services, showed that annual inflation rose by 2.6%. That's not an alarmingly high rate of inflation. It's also only a modest uptick from September's CPI reading, which measured annual inflation at 2.4%.
The Fed Just Cut Rates Again, but Mortgage Rates Keep On Rising
Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according to Freddie Mac. The Fed's latest rate cut, which was universally expected and thus fully priced in to bond markets, is unlikely to bring relief to mortgage rates in the near term.
Fed’s Powell says no need to hurry rate cuts with economy strong
FEDERAL Reserve chair Jerome Powell said the recent performance of the US economy has been “remarkably good”, giving central bankers room to lower interest rates at a careful pace. Read more at The Business Times.
Wall Street ends mixed while inflation data keeps Fed rate-cut hopes intact
The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer prices rising in line with expectations, adding support to bets that the U.S.
US Stocks Drop As Expectations Of A Fed Rate Cut Cool
US stocks fell Thursday, as traders digested an uptick in inflation and comments from Fed Chair Jerome Powell, which had the effect of cooling expectations of a December rate cut.
CNBC Daily Open: ‘Higher for longer' rates could rear its head once again
Markets mixed after inflation data U.S. markets were mostly rangebound after the October inflation reading, with the S&P 500 ...
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The Fed is draining liquidity from markets for longer than expected. Here's why it's making Wall Street nervous.
The aim was to reduce the magnitude of both U.S. economic downturns by bolstering risk appetite and capital markets, and holding longer ... future Fed rate cuts and an even higher U.S. deficit.
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Fed's Schmid: extent of further rate cuts 'remains to be seen'
The Fed's confidence that inflation is on path to ... big structural changes in the economy that he expects to influence ...
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Fed’s ‘higher for longer’ stance hits Asian currencies
“Coupled with that, in its last meeting, the Fed scaled back its rate cut expectations from three in March to just one in June. “This pushed the ‘higher for longer’ narrative, which is ...
October CPI: Trend Reversal Has Investors Preparing For Higher Terminal Rates
October's inflation report shows rising inflation pressures, driven by services and housing costs. See what to expect at ...
US monetary policy still restrictive, two Fed officials say
The Federal Reserve's policy rate continues to act as a brake on the resilient labor market and on inflation that is still ...
US Bond Yields Ratchet Higher Before Influential Inflation Data
Treasury yields resumed their rise as investors looked ahead to crucial consumer price data on Wednesday, which could further ...
CNBC Daily Open: Could 'higher for longer' make a return?
With inflation ticking up and a possible inflationary landscape ahead due to Trump's policies, could a "higher for longer" ...