Tag: Jerome Powell
Federal Reserve keeps interest rate unchanged
WASHINGTON (AP) – The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this...
Fed Chair Powell says interest rates on hold with economic uncertainty...
NEW YORK (AP) – The Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread "uncertainty"...
U.S. inflation worsened last month as the cost of groceries and...
WASHINGTON (AP) – U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a disappointment for families and businesses...
Powell says Fed ‘well positioned’ for the ‘risks and uncertainties’ that...
WASHINGTON (AP) – The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job...
Inflation ticked higher last month, in latest sign of persistent price...
WASHINGTON (AP) – An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain...
U.S. economy grows solid 2.3% from October to December
WASHINGTON (AP) – The American economy ended 2024 on a solid note with consumer spending continuing to drive growth.
The Commerce Department reported Thursday that...
Fed holds rates steady, says job market is ‘solid’ while inflation...
WASHINGTON (AP) – The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a...
Federal Reserve expected to stand pat on rates even as Trump...
WASHINGTON (AP) – The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a...
U.S. inflation picked up in December, though underlying price pressures ease...
WASHINGTON (AP) – U.S. inflation picked up last month as prices rose for gas, eggs and used cars, yet underlying price pressures also showed...
Federal Reserve officials at December meeting expected slower pace of rate...
WASHINGTON (AP) – Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face...
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