Powell Cites Possible Delay on Further Inflation Progress This Year
Growth and consumer spending are “moderating a bit” and job creation is healthy, but inflation is starting to move up and ...
Turkish Stocks and Lira Tumble After Istanbul Mayor Detained
Turkish assets fell sharply Wednesday, after police detained Istanbul mayor Ekrem Imamoglu, a rival of President Recep Tayyip ...
Fed Still Expects Two Rate Cuts in 2025, Despite Expectations of Weaker Growth, Higher Inflation
Federal Reserve Chair Jerome Powell says the combination of weaker growth and higher inflation in the Fed’s new economic projections “cancel each other out,” when asked about the unchanged expectation ...
Fed Officials Grow More Uncertain About Unemployment Outlook
More Federal Reserve officials are uncertain about the outlook for the unemployment rate, and see risks to the labor market increasing. In the central bank's "dot plot," of economic projections, a cle ...
The Fed Adjusts Its Portfolio Runoff Plan
The Federal Reserve's decision to slow down the pace of reducing its Treasury holdings to $5 billion a month in April fits with its concerns that the debt-ceiling standoff might disrupt interest-rate ...
Powell Says Fed Doesn’t Need to Be in Hurry to Adjust Policy
Federal Reserve Chair Jerome Powell opened his press conference by saying the economy is strong, but consumer spending is moderating and uncertainty is “unusually elevated” as the new White House ...