U.S. inflation rose 2.6% in October, a month after the Federal Reserve began cutting rates
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
Powell Says Fed Will Likely Cut Rates Cautiously Given Persistent Inflation Pressures
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s
Fed Expected to Cut Rates Carefully Amid Inflation Pressures
Powell, in prepared remarks for a speech in Dallas, said that inflation is edging closer to the Fed’s 2 percent target, “but it is not there yet.” At the same time, he said,
Fed will likely cut rates cautiously given persistent inflation pressures, chairman says
The head of the Federal Reserve said Nov. 14 that the central bank will likely cut its key interest rate slowly and deliberately in the coming months, in
Federal Reserve slashes interest rates by quarter-point as inflation cools
In a move that consumers will welcome, the Federal Reserve on Thursday slashed its benchmark interest rate by a quarter of a percentage point to 4.5-4.75%— marking the second reduction this year. The Federal Reserve implemented a series of interest rate hikes in 2022 and 2023 to combat high inflation — which peaked at 9% in the middle of 2022.
Are the Fed's Rate Cuts Over Now That Inflation Is Rising Again?
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SSI November 2024: A Second Check Is Headed Your Way This Month
Supplemental Security Income beneficiaries will be receiving a second check after already receiving one for the month of ...