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PublishedMay 3, 2024
U.S. employers scaled back hiring in April. How that could let Fed cut interest rates
The Fed has been delaying any consideration of interest rate cuts until it gains more confidence that inflation is steadily slowing.
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PublishedMay 3, 2024
Fed indicated rates will remain higher for longer. What does that mean for you?
The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy.
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PublishedMay 1, 2024
Federal Reserve says interest rates will stay at 20-year high until inflation further cools
The Fed chair stressed, as he has before, that the central bank's decision on when to cut rates will depend on the latest economic data.
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PublishedApril 3, 2024
Powell says Fed has time to assess data before deciding to cut
Federal Reserve Chair Jerome Powell reiterated his expectation that it will likely be appropriate to begin lowering rates 'at some point this year.'
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PublishedMarch 29, 2024
Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates
The resulting higher borrowing costs helped bring inflation down – from a peak of 9.1% in June 2022 to 3.2% last month.
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PublishedMarch 6, 2024
Powell reiterates Fed needs more confidence on inflation to cut
Federal Reserve Chair Jerome Powell is on Capitol Hill for the first of 2 days of his semiannual monetary policy testimony and is scheduled to appear before the Senate Banking Committee on Thursday.
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PublishedDecember 22, 2023
Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease
Friday's report from the Commerce Department showed that U.S. consumer prices slid 0.1% last month from October and rose 2.6% from November 2022.
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PublishedDecember 1, 2023
Fed’s Powell notes inflation is easing but downplays discussion of interest rate cuts
Powell's remarks Friday follow comments from a raft of Fed officials this week, with most of them signaling that the Fed can afford to keep its key rate steady in the coming months.
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PublishedSeptember 7, 2023
Applications for unemployment benefits fall to lowest level in 7 months
Recent government data also showed that job openings dropped to 8.8 million in July, the fewest since March 2021 and down from 9.2 million in June.
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PublishedAugust 24, 2023
Hopeful signs of an economic ‘soft landing’ emerge in Jackson Hole as Fed meets with world watching
Business these days in Jackson Hole, Wyoming, is still good – just not as robust as it was after the U.S. economy roared out of the pandemic recession.
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