Federal Reserve Chair Jerome Powell is making life tougher for his peers around the world as the prospect of higher-for-longer US interest rates reduces room for easier policy elsewhere.
US stocks wavered Tuesday after Federal Reserve Chair Jerome Powell said a “lack of further progress” on inflation means the central bank likely won’t cut interest rates at its upcoming policy meeting just two weeks away,
Mester said Wednesday that the first three months of 2024 were a bump in the road in the fight against inflation, and the Federal Reserve should take a patient approach to changing interest rates until more data comes in.
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer than previously anticipated to cut interest rates following a series of surprisingly high inflation readings.
The US economy’s enduring strength and the possibility that inflation’s progress might have stalled means the central bank likely won’t cut interest rates at its upcoming policy meeting just two weeks away,
Federal Reserve Chair Jerome Powell signaled that first-quarter inflation data has raised uncertainty over when and if lower interest rates would come later this year. Photo: Samuel Corum/Bloomberg Ne
Federal Reserve Chairman Jerome Powell indicated recent high inflation is making it less likely that interest rates will be cut in the coming weeks and months. Powell, speaking during a question-and-answer session in Washington,
Stock Futures Rise After Powell Comments Dent Rate-Cut Hopes Further U.S. stock futures rebounded early Wednesday after Federal Reserve Chairman Jerome Powell said progress on bringing down inflation stalled,
Jerome Powell’s comments that firm inflation questioned whether rates will be cut without an unexpected economic slowdown are likely to lift the dollar in the near term, MUFG said.
Federal Reserve chair Jerome Powell has said there’s been an unexpected “lack of further progress” on tackling the record-high inflation rates that hit the US in recent years, putting the brakes on expected rate cuts from the central bank.
Federal Reserve Chair Jerome Powell seems to be pivoting yet again. On Tuesday, Powell said firm inflation during the first quarter had [introduced new uncertainty](
Stocks close mixed; Powell says it’ll take longer than expected to be confident that inflation is moving down; housing starts fall; industrial production rises.
Federal Reserve Chair Jerome Powell spoke amid a slew of his colleagues' speaking engagements. Federal Reserve Chair Jerome Powell confirmed what financial markets had already mostly guessed: the Fed is likely to respond to the recent spurt of inflation by keeping its benchmark interest rate higher for longer.
U.S. stocks on Tuesday remained rangebound in volatile trade, eventually ending mixed. The uncertain session came after Federal Reserve chair Jerome Powell noted that recent data showed a lack of further progress on inflation.
Federal Reserve Chair Jerome Powell said Tuesday that it will likely “take longer than expected” for the central bank to gain the confidence that inflation is sustainably falling to 2 percent and begin cutting interest rates.
Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.