Federal Reserve Chair Jerome Powell said he expects U.S. inflation to continue declining through 2024 as it did last year, ...
“I expect inflation will move down,” Powell said during a discussion at a bankers’ conference in Amsterdam. He said he ...
US Federal Reserve Chair Jerome Powell spoke shortly after new data showed producer prices in April rose more quickly than ...
Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response ...
Continuing high prices for car insurance, rent, and healthcare have roots in the pandemic, and mean hopes for a 2024 rate cut ...
Federal Reserve Chair Jerome Powell said Tuesday that “it may take longer than expected” for high interest rates to lower ...
The Fed knows this, and it’s aware that shelter costs in general are a lagging indicator of inflation pressures. In ...
Core prices, which strip out volatile food and energy items and are watched more closely by the Fed, increased 0.3% after three straight 0.4% bumps. That pushed down annual inflation from 3.8% to 3.6% ...
Inflation eased a bit last month, according to a report Wednesday from the Labor Department. Consumer prices in April were up ...
The decision – which drew a fiery response from Beijing – comes as President Joe Biden gears up for a re-run of his 2020 contest with Republican rival Donald Trump in November's election, with ...
"I expect that inflation will move back down ... on a monthly basis to levels that were more like the lower readings that we ...