The Fed cuts key rate by half-point, signaling end to its inflation ...
Sep 19, 2024 · Inflation has tumbled from a peak of 9.1% in mid-2022 to a three-year low of 2.5% in August, not far above the Fed’s 2% target. The Fed’s policymakers also signaled that they expect to cut their key rate by an additional half-point in their final two meetings this year, in November and December.
Federal Reserve officials at December meeting ... - Associated Press News
Jan 8, 2025 · WASHINGTON (AP) — Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes.
Inflation has slowed. Now the Federal Reserve faces expectations …
Jan 29, 2024 · In the past three months, year-over-over inflation that excludes volatile food and energy costs has dropped to just 1.5%. Yet Fed officials are expected to wait for at least a few months, to try to build confidence that inflation has been …
Inflation Sped Up in December, a Fresh Challenge for the Fed
Jan 15, 2025 · The “core” measure of inflation, which strips out volatile food and fuel prices to give a better sense of the underlying trend, was more encouraging: The index rose 3.2 percent from a year ...
Fed holds interest rates steady, postponing rate cuts amid ... - ABC News
Mar 20, 2024 · The Federal Reserve held interest rates steady on Wednesday, opting to keep rates highly elevated as progress toward lower inflation has stalled. The move pushes back rate cuts that the central ...
Fed Cuts Rates, but Projects Fewer Reductions Next Year - The …
Dec 18, 2024 · The Fed has come a long way from just a few years ago: In 2022, inflation was more than twice its current rate and many economists thought that the central bank’s decisions might cause economic ...
CPI edged higher in December, complicating the Fed's ... - CBS News
Jan 15, 2025 · Still, there are some signs of progress in the Fed's inflation battle. Core CPI, or prices excluding the volatile energy and food costs, rose 3.2% on an annual basis, lower than the 3.3% rate ...
Latest CPI Inflation Report Makes January Fed Rate Cut Very
Jan 15, 2025 · The December Consumer Price Index report showed an acceleration in year-on-year total CPI inflation to 2.9%, the highest rate since July 2024. Meanwhile, core CPI remained sticky and elevated but ...
Fed Officials Say Latest Inflation Data Helpful as They Await …
Jan 15, 2025 · ANNAPOLIS, Maryland (Reuters) -Federal Reserve officials said data released on Wednesday showed U.S. inflation was continuing to ease even as they noted heightened uncertainty in the coming months ...
Inflation increased in November, complicating Fed's next ... - ABC News
Dec 11, 2024 · Consumer prices rose 2.7% in November compared to a year ago, ticking upward from the previous month and potentially giving pause to the Federal Reserve as it weighs an interest rate cut expected next week. The reading matched economists' expectations.