Federal Reserve holds interest rates steady as inflation ... - CBS News
Jan 29, 2025 · Inflation up 2.9% year-over-year in latest CPI report 03:46. In its statement, the Fed described the labor market as "solid," with an unemployment rate that has "stabilized at a low level in ...
Fed hold rates steady, sees inflation as ... - Associated Press News
Jan 29, 2025 · The Federal Reserve left its key interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President ... Screens display a news conference by Federal Reserve Chair Jerome Powell on the floor of the New York Stock ...
Fed keeps interest rates unchanged amid inflation, pressure from …
Jan 29, 2025 · Noting that inflation is still above the Fed's 2% goal while the economy and job market are strong, Fed Chair Jerome Powell told reporters Wednesday, We don't need to be in a hurry to adjust ...
US inflation is lingering and tariffs ... - Associated Press News
5 days ago · An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts. ... “We seem to be set up for further progress,” Powell said Wednesday at a news conference, referring to inflation. “But being ‘seem ...
The Fed’s Preferred Inflation Measure Ticked Up Slightly in …
5 days ago · Beneath the headline figures, the details suggested that underlying inflation has stabilized. On a monthly basis, core inflation rose 0.2 percent, roughly in line with November’s increase.
Inflation has slowed. Now the Federal Reserve faces expectations …
Jan 29, 2024 · In the past three months, year-over-over inflation that excludes volatile food and energy costs has dropped to just 1.5%. Yet Fed officials are expected to wait for at least a few months, to try to build confidence that inflation has been …
Inflation Sped Up in December, a Fresh Challenge for the Fed
Jan 15, 2025 · Inflation in housing — by far the biggest monthly expense for most families, and one of the most stubborn categories of consumer prices — has finally begun to ease: Shelter prices were up 4.6 ...
Trump’s New Tariffs May Complicate the Fed’s Quest to Lower Inflation …
3 days ago · Inflation has eased back down toward the Fed’s 2 percent target after it raised interest rates aggressively in recent years and kept them at high levels, but central bankers remain alert to ...
Inflation ran hotter than expected in January, complicating the Fed…
Feb 13, 2024 · Inflation ran hotter in January than had been forecast by economists, signaling that higher prices remain sticky and complicating the Federal Reserve's decision about when to begin cutting its...
The Fed’s go-to inflation gauge heated up again | CNN Business
5 days ago · The Federal Reserve’s preferred inflation gauge moved even higher in December, driven largely by rising energy prices as well as food. However, a closely watched measurement of underlying ...