Inflation Stays Firm, but Not Enough to Derail December Fed Cut
The Labor Department on Wednesday reported that consumer prices in October rose 2.6% from a year earlier. That marks a pickup ...
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Economists expect the Fed to announce another quarter-point rate cut in December, after a quarter-point reduction last week ...
Fed will likely cut rates cautiously given persistent inflation pressures, chairman says
The head of the Federal Reserve said Nov. 14 that the central bank will likely cut its key interest rate slowly and ...
Are the Fed's Rate Cuts Over Now That Inflation Is Rising Again?
October's Consumer Price Index (CPI), which measures changes in the cost of consumer goods and services, showed that annual ...
2 firm inflation prints just made the Fed's 2025 rate cut path a lot 'murkier'
October inflation readings out this week have shown little progress toward the Fed's 2% inflation target, putting into ...
Wall Street ends mixed while inflation data keeps Fed rate-cut hopes intact
The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer ...
October inflation data meets forecasts, keeping Fed on track for December rate cut
New inflation data out Wednesday showed consumer prices rose as forecast in October, keeping the Federal Reserve on track to ...
Detroit Free Press1d
Wall Street edges higher after inflation data keeps Fed rate-cut hopes intact
Expectations for a 25-basis point interest rate cut at the Fed's December meeting jumped to 82% after the ... that he was confident inflation was headed down, noting that the CPI data "confirms" that ...
U.S. inflation rose 2.6% in October, a month after Fed's first rate cut
That matched forecasts from economists polled by FactSet that the Consumer Price Index rose 2.6% in October. The CPI rose 2.4 ...
Stock market's big rally, inflation could mean Fed has only one rate cut left before a pause, says CIO
Wednesday's inflation reading, while ticking up to a 2.6% yearly rate as expected, continues to hold above the Federal Reserve's 2% target. Combining that with the easing of financial conditions on ...
Los Angeles Times4d
Fed Interest Rate Cuts: What It Means For Credit Cards in 2024
If your credit card interest rate before the Fed cut was 20.26%, you should see it drop to roughly 20%. Let’s say you have an $8,000 credit card debt you’re working on paying off. You’ll be ...
Business Insider6d
After the Fed cut rates, some banks are still paying over 5% APY for your cash
However, our opinions are our own. See how we rate products and services to help you make smart decisions with your money. On Thursday, the Fed cut rates by another 25 basis points. This is ...