Fed Chair Jerome Powell said it "may take longer than expected" for high interest rates to bring down inflation. He repeated ...
Just a few months ago, Wall Street was confident that May would mark the beginning of a barrage of interest rate cuts by the Federal Reserve. But a string of hotter-than-expected inflation reports ...
The Federal Reserve has not started cutting interest rates with inflation still north of 2%. Yet companies haven't found it ...
The Federal Reserve must closely monitor the impact of its public statements on market expectations and price levels, ...
Fed officials still think their next move will be to cut rates, but they are not entirely ruling out the possibility that ...
Oil prices dropped by more than $1 on Tuesday, extending losses on investor expectations that lingering U.S. inflation could ...
The Fed chair reiterated that it would take longer than previously thought to attain the confidence needed to lower interest ...
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the ...
Its current size is about $7.3 trillion, with the Fed in May announcing plans to dial back how much its balance sheet shrinks ...
The economy as a whole has proved resilient amid the highest rates in decades. But beneath the surface, many low- and ...
Powell made his comments just hours after the Bureau of Labor Statistics released data showing that wholesale prices rose ...
Oil prices extended losses on Tuesday, with investors expecting lingering U.S. inflation to keep interest rates higher for ...