‘We Still Have an Inflation Problem.’ A Fed Newcomer Wants to Go Slow on Rate Cuts.
The central bank’s recent infusion of financial-market brawn includes Beth Hammack, who worked for three decades at Goldman Sachs.
Fed's Hammack says inflation remains a problem, WSJ reports
Federal Reserve Bank of Cleveland President Beth Hammack said in an interview published in the Wall Street Journal on Friday that inflation remained a problem.
As U.S. Inflation Softens, Focus Shifts To The Fed's Next Move On Rates
December core US inflation data was softer than expected. TD Asset Management's Sam Chai discusses why the Fed would keep rates on hold at its January meeting but resume cutting in March.
Fed Rate-Cut Odds Rise
Fears of elevated interest rates dampened the mood on Wall Street at the start of this year–but cooling core inflation and dovish comments by Federal Reserve governor Christopher Waller have given investors reason to feel a bit more cheerful this week.
Latest CPI Inflation Report Makes January Fed Rate Cut Very Unlikely
Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is unlikely to cut rates in January.
Inflation Sped Up in December, a Fresh Challenge for the Fed
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
Inflation rose to 5-month high in December. What that means for Fed rate cuts.
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased.
What the new inflation report means for mortgage rates
A fter several months of hopeful signs in the battle against inflation, new data confirms that the fight is far from over. Inflation rose 2.9% on an annual basis in December, whic
Cooler core inflation revives bets on Fed rate cuts
Federal Reserve policymakers may be able to reduce interest rates a couple of times this year, traders bet on Wednesday, after a government report helped allay fears that inflation was accelerating in the final full month of Joe Biden's presidency.
Bonds Have Banner Day as Inflation Report Revives Fed-Cut Bets
US government bonds had their best day in months after benign inflation data revived the case for additional Federal Reserve interest-rate cuts.
Fed to hold rates in Jan as Trump's policies stir inflation worries: Reuters poll
The U.S. Federal Reserve will hold interest rates steady on Jan. 29 and resume cutting in March, according to a slim majority ...
Wall Street Has No Clue What the Fed Will Do in 2025
Citi—which anticipates five rate cuts in 2025—has a downbeat forecast for a meager 0.7 percent growth. Bank of America is forecasting an above-consensus 2.4 percent growth for the year, hence their ...
New inflation reading likely keeps the Fed on pause for now
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this ...
US inflation ticks up again — but Dow surges as key Fed gauge dips
The better-than-expected data sent the blue-chip Dow Jones Industrial Average surging more than 700 points, or 1.7%, as ...
Fed’s Goolsbee Says Inflation Improving, Hopeful of Soft Landing
Federal Reserve Bank of Chicago President Austan Goolsbee said he sees continued improvement in inflation and is optimistic ...
Fed Officials Say They're Confident Inflation Will Fall To 2% ... Eventually
In the wake of Wednesday's official report on consumer prices, three officials who set the nation's monetary policy said they ...
The Fed Could Give the Stock Market Exactly What It Wants
The Federal Reserve may just give investors what they want this year after all. The December inflation report, released ...
The Way Out of Our Inflation Mess
The Federal Reserve's premature victory lap over inflation reveals a worrisome misunderstanding of the predicament we still ...