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Hopes of interest rate cuts fade in US due to persistently high inflation
The delay in rate cuts is largely due to inflation pressures that are plaguing the economy, driven primarily by lingering effects of the pandemic
Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation.
Pandemic-Era Inflation Keeps Holding Rate Cuts Back
Continuing high prices for car insurance, rent, and healthcare have roots in the pandemic, and mean hopes for a 2024 rate cut are fading.
Inflation pressures lingering from pandemic may keep Feds from lowering interest rates
Though Fed officials say they expect inflation in key areas to eventually cool, they've signaled that they're prepared to wait as long as it takes.
16d
on MSN
Fed’s Jefferson calls for holding rates steady until inflation cools further
Federal Reserve vice chair Philip Jefferson on Monday became the latest central bank official to call for holding interest ...
15d
on MSN
Economy not feeling pinch from interest rate hikes yet
"What you have right now is a situation where these high rates aren't generating more braking power on the economy," said ...
8d
on MSN
Fed policymakers still cautious on inflation and policy
Federal Reserve officials are not ready to say inflation is heading to the central bank's 2% target after data last week ...
19h
Domestic violence shelter in Jefferson County at risk of funding cuts
A domestic violence shelter is at risk of its funding being cut by 50% due to budget shortfalls in Jefferson County.
8d
on MSN
Treasury yields hold steady as investors weigh inflation, interest rate outlook
U.S. Treasury yields were little changed Tuesday as investors weighed the outlook for inflation and interest rates after ...
8d
on MSN
Oil prices fall on fear of high US interest rates depressing demand
Both benchmarks fell less than 1% on Monday as U.S. Federal Reserve officials said they were awaiting more signs of slowing ...
londonlovesbusiness.com
15d
Oil declines today as uncertainty over the path of interest rates worsen
Crude oil returns to decline today across both major benchmarks, Brent and WTI, by approximately 0.3%, after yesterday’s ...
KESQ News
7d
The Fed is signaling that it’s not worried about inflation picking up. Wall Street is still on edge
Washington (CNN) — Earlier this week, some officials at the Federal Reserve said they’re no longer worried about inflation reaccelerating, after data showed that progress stalled in the first quarter.
16d
Thomas Jefferson University apologizes for mispronouncing names during commencement
The presenter for Thomas Jefferson University's commencement is apologizing after a video of graduate names being ...
9d
Nasdaq composite ticks higher to a record after a quiet day on Wall Street
New York – Most U.S. stock indexes are ticking higher on Monday and adding to their latest winning week.
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