Inflation data this week could help determine Fed’s timetable for rate cuts 

Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve. On Wednesday, the Federal Reserve will end its latest meeting by issuing a policy statement, updating its economic and interest-rate projections and holding a news conference with Powell. / ASSOCIATED PRESS FILE PHOTO/ SUSAN WALSH

WASHINGTON (AP) – After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year – a prelude to eventual interest rate cuts.  Yet it’s hard to say, because the officials themselves may not know for sure until they begin their meeting. That’s because

Already a Subscriber? Log in

To Continue Reading This Article

Become a Providence Business News subscriber and get immediate access to all of our premier content and much more.

Learn More and Become a Subscriber

No posts to display