Fed Chair: ‘No Hurry to Cut’ Rates Until There’s Sustained Progress on Inflation
Getting inflation under control remains priority No. 1 at the Federal Reserve. New inflation data out Friday shows that U.S. ...
Tag: Jerome Powell
Fed Chair Powell Affirms Rate Cuts Are Coming This Year as U.S. Moves Closer to 2% Inflation Goal
Federal Reserve Chair Jerome Powell on Wednesday signaled that rate cuts are coming this year, sticking to the Fed’s cautious ...
Fed Requires ‘Continuing Evidence’ of Inflation Decrease Before a Rate Cut
As expected, the Federal Reserve indicated that rate cuts aren’t in proximity unless there is “continuing evidence” revealing inflation is ...
Mortgage Rates May Well Rise Again, Fed Chair Powell Warns
At an International Monetary Fund research conference held Nov. 9 in Washington, D.C., Federal Reserve Chair Jerome Powell warned that ...
In Joint Letter to Fed, NAR, MBA and NAHB Call for Action to Help Housing
With the housing market slumping and the Fed indicating rate hikes will likely continue, taking mortgage rates with them, three ...
Fed Pauses, But Projects Higher Rates Next Year
For just the second time in 19 months, the Federal Reserve chose today to meet without raising interest rates, leaving ...
Inflation Nudges Up, Adding to Rate Worries
The latest report on Personal Consumption Expenditures (PCE) showed prices climbing by 0.3% from last month, an expected but still ...
Fed Provides Little Clarity After Raising Rates to 22-Year High
An unsurprising 25-basis-point rate hike announced by the Federal Reserve today–something that real estate economists urged against–is placing the housing ...
Consumer Spending Sees Slight Increase in May
The latest personal consumption expenditure (PCE) index—the Fed's preferred inflation measurement—shows personal spending grew by 0.1% in May, marking the ...
Fed Pauses Rate Hikes Amid Cooling Inflation, With Further Increases Likely
It's been a long time coming, but folks—and the economy—can take a cautious sigh of relief as the Federal Reserve ...
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