Inflation increased slightly in September and moved closer to the Federal Reserve’s target, according to a Commerce Department report Thursday. The personal consumption expenditures price index showed a seasonally adjusted 0.2% increase for the month, with the 12-month inflation rate […]
Key inflation rate hits 2.1% in September, as expected, closing in on Fed target Read More »
Federal Reserve Governor Christopher Waller on Monday signaled that future interest rate cuts will be less aggressive than the big move in September as he expressed concern that the economy could still be running at a hotter-than-desired pace. Citing recent reports
Fed Governor Waller sees need for ‘more caution’ ahead when lowering interest rates Read More »
This week’s inflation data provided more evidence that the Federal Reserve is nearing its objective, fresh on the heels of the central bank’s dramatic interest rate cut just a few weeks ago. Consumer and producer price indexes for September both
The Federal Reserve may have pretty much just hit its 2% inflation target Read More »
Inflation moved closer to the Federal Reserve’s target in August, easing the way for future interest rate cuts, the Commerce Department reported Friday. The personal consumption expenditures price index, a gauge the Fed focuses on to measure the cost of goods
Key Fed inflation gauge at 2.2% in August, lower than expected Read More »
With its larger-than-normal cut last week, the Federal Reserve sent a clear message that interest rates are heading considerably lower in the future. The Treasury market, though, hasn’t been paying attention. Despite the Fed approving a half percentage point reduction in its
Consumers’ view on the economy tumbled in September, falling by the largest level in more than three years as fears grew about jobs and business conditions, the Conference Board reported Tuesday. The board’s Consumer Confidence Index slid to 98.7, down from 105.6
Consumer confidence fell more than expected this month Read More »
Federal Reserve Governor Michelle Bowman said Tuesday she thought her colleagues should have taken a more measured approach to last week’s half percentage point interest rate cut as she worries that inflation could reignite. Bowman was the lone dissenter from
Fed Governor Bowman explains dissent on rate vote, says she’s worried about inflation Read More »
Minneapolis Federal Reserve President Neel Kashkari said Monday that he expects policymakers to dial down the pace of interest rate cuts after last week’s half percentage point reduction. “I think after 50 basis points, we’re still in a net tight
Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead Read More »
Federal Reserve Governor Christopher Waller on Friday backed an interest rate cut at the upcoming central bank policy meeting in less than two weeks, and indicated he’d be open to a substantial reduction if necessary. “Considering the achieved and continuing
Fed Governor Waller backs interest rate cut at September meeting, open to larger move Read More »
