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Fed’s inflation gauge rises

Inflation Rises, Narrowing Chances for a Fed Rate Cut

The core index that omits energy and food costs also rose by 0.3% in June, but the annual rate ticked up to 2.8% from 2.7% and slightly above forecasts. Personal spending rose by 0.3%, below the 0.4% forecast but still suggesting consumers are willing to continue shopping.

Financial Times · 20h

US PCE inflation continues rising in line with Fed expectations

PCE headline and core inflation rose again in June relative to upwardly revised figures in May and April. A month ago, core PCE inflation was recorded as 2.57 and 2.67 per cent for these two months respectively. This was revised up with the June release to 2.58 and 2.75 per cent. June core CPI came in at 2.78 per cent.

CNBC on MSN · 21h

Inflation higher than expected, Fed’s preferred gauge shows

CNBC's Rick Santelli joins 'Squawk box' to break down the latest economic data to cross the tape.

Fed, interest rates

ABC News on MSN · 1d

Fed holds interest rates steady, Chair Powell says Fed independence 'very important'

The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump made an unusual visit to the central bank, calling for a rate cut. Speaking at a press conference in Washington, D.C., on Wednesday, Fed Chair Jerome Powell advocated for the independence of the Federal Reserve.

Arkansas Democrat-Gazette · 1d

Fed holds short-term rate steady

Federal Reserve Chair Jerome Powell gave little indication on Wednesday of bowing anytime soon to President Donald Trump's frequent demands that he cut interest rates, even as signs of dissent emerged on the Fed's governing board.

The Financial Times · 21h

Federal Reserve defies Donald Trump on interest rates

The Federal Reserve kept US interest rates on hold for the fifth meeting in a row yesterday, defying an aggressive campaign from President Donald Trump to slash borrowing costs. Fed chair Jay Powell said after the meeting that “it seems to me — and to almost the whole committee — that the economy is not performing as though restrictive policy is holding it back inappropriately”.

Axios on MSN18h

The Fed thinks the economy is just fine, and won't budge on inflation risks

The central debate over monetary policy right now is whether America's economic waters are fundamentally calm or hazards just ...

20hon MSN

Fed’s preferred inflation gauge ticks up as tariffs lift prices — casting cloud on September rate cut

The Federal Reserve’s preferred inflation gauge ticked up slightly in June as tariffs on imports started raising the cost of ...

The New Republic on MSN6hOpinion

Here’s Your Warning Sign: Inflation Just Spiked in Every Key Indicator

On the 2024 campaign trail, President Trump promised to “end inflation” and increase affordability, while touting economic ...

49m

Fed: September rate cut in doubt as data uncertainty persists – Commerzbank

So if the data does not point in the right direction, the interest rate cut in September could be in jeopardy. Although the market has already scaled back its expectations following Wednesday's Fed ...

22h

Fed’s Powell sticks with patient approach to rate cuts, brushing off Trump’s demands

The chair acknowledged that if the Fed cut its rate too soon, inflation could move higher, and if it cut too late, then the ...

15hon MSN

Buoyed by tariffs, the Fed’s preferred measure of inflation is running hot

Taken all together, the report shows that Trump’s tariffs are beginning to leave more of an imprint on the economy.

3don MSN

Economist Warns Fed Could Hike Interest Rates Despite Trump Calls for Cut

The Fed's rate-setting committee is scheduled to meet later this week as Trump continues to push for looser monetary policy.

Bisnow1d

Fed Maintains Rates, Putting Inflation Mandate Before Political Pressure

The heads of the U.S. central bank defied calls from President Donald Trump and his allies to cut the benchmark interest rate ...

1don MSN

Treasury Yields Rise on Prospect of Another Fed Hold

Treasury yields rose as Fed Chair Powell kept alive the prospect of another interest rate hold in September, depending on data.

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