Powell said the Fed is in no hurry to cut rates. CPI inflation report to show why.
Jerome Powell made it clear this week the Federal Reserve is in “no hurry” to cut U.S. interest rates in light of lingering inflation and a strong economy. The January report on consumer prices is likely to explain why.
Job numbers, inflation leaving room for Fed to hold rates
Payrolls increased by 143,000 last month after upward revisions to the prior two months, according to BLS. Other revisions only carried out once a year weren’t as severe as once thought — job gains averaged 166,000 a month last year, a slowdown from the initially reported 186,000 pace.
The Fed’s short-term rates matter, but the main action now is in the 10-year Treasury market, which influences mortgages, ...
When Federal Reserve Chair Jerome Powell kicks off two days of testimony before Congress on Tuesday, a focus for investors ...
Part of that is explained by uncertainty in Washington ... and has previously pressured Chair Jerome Powell to lower interest rates. The Fed will also have to respond to whatever economic ...
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Stock Market NOSEDIVES Over 'Hot' Inflation Report — With Donald Trump Demanding Interest Rate CutDonald Trump's first inflation report since returning to the White House is not good as inflation has increased despite his ...
The so-called neutral rate of interest, at which rates neither boost nor restrict economic activity, is higher today than it ...
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