Federal Reserve (Fed) officials are poised to keep interest rates steady for a sixth consecutive meeting and signal no plans ...
The FOMC said that "in recent months, there has been a lack of further progress" on lowering inflation to the Fed's 2% goal.
The Federal Reserve needs more time before cutting interest rates, as hotter-than-expected inflation zaps any need for ...
The Federal Reserve is expected to announce Wednesday that it is keeping interest rates at a quarter-century high for the ...
Inflation is heating back up, and economists fear the stickiest drivers of rising prices are getting harder to scrub away. The unwelcome surprises now have forecasters eyeing fewer cuts, closer to the ...
"The hot inflation readings through March should write off any rate cuts in the first half of 2024," said Nationwide Senior ...
The still-elevated price levels pose a challenge for the Biden administration, which has sought to claim credit for inflation ...
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden ...
The Federal Reserve’s preferred inflation ... up from 2.5% in February, according to the BEA. The March PCE report adds to other recent concerning economic data, such as a report from the BEA on ...