WASHINGTON (AP) — Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said Friday.
Federal Reserve Chairman Jerome Powell ... the FOMC to start easing policy this year, though they have had to recalibrate their outlook for the timing and extent of cuts as inflation has held ...
Noting that inflation is easing while the job market is weakening, Federal Reserve Chair Jerome Powell provided the strongest signal yet Friday that the central bank plans to begin cutting ...
And he said Fed officials are keeping the potential consequences of inflation failing to decline top of mind. But Powell still believes the current benchmark rate is helping bring inflation back ...
JACKSON HOLE, Wyoming — Federal Reserve Chair Jerome Powell on Friday offered good news for the economy: The long fight against inflation is ... Sachs economists in a note following the speech ...
The January jobs report, Powell said, "shows why it will take a significant period of time" to tame domestic inflation ... Benchmark 10-year Treasury note yields fell 5 basis points from its ...
confident that inflation is easing to normal levels and wary of any more slowing in the job market. “The time has come for policy to adjust,” Fed Chair Jerome H. Powell said Friday ...
However, while the data showed that inflation is easing, some "sticky" readings increased ... Stock Market Today: Stocks Pop After Powell's Jackson Hole Speech Fed Chair Powell's Jackson Hole ...
Gold delivered returns to investors during four of the past six Fed easing cycles. The dollar and oil were mixed.
The Fed's policy rate is in the 5.25%-5.50% range for more than a year. The impact of relatively high borrowing costs on the economy may still be building and could take time to unwind. The Fed ...
JACKSON HOLE, Wyoming — Federal Reserve Chair Jerome Powell on Friday offered good news for the economy: The long fight against inflation is ending, and he’s hopeful that the U.S. will avoid ...