Strong Economy Leaves Fed in No Hurry to Cut Interest Rates, Says Chair Powell
But if inflation continues to inch upward, the central bank may decide it needs to leave rates high to avoid a repeat of runaway inflation. Inflation peaked at 9.1% in June 2022 before slowly making its way back down closer to the Fed's target range of 2%.
Powell says no need for Fed to rush rate cuts given strong economy
Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said on Thursday.
Economic malaise was the biggest factor in the devastating loss handed to Japan's ruling coalition last month.
Mel Stride said there must be no suggestion of the UK going back into the EU single market or customs union. 14:33 ...
Americans sent a pretty clear message that they wanted those in office to focus on making life more affordable,” Governor ...
Friday’s data shows that Beijing’s recent cascade of monetary and fiscal easing measures have yet to fully reinvigorate an ...
"The U.S economy is the envy of the world," said Rutgers Business School finance professor Parul Jain. "Why didn’t that ...
The European Union must abandon its policy of sanctioning Russia for its war in Ukraine or risk causing an economic collapse, ...
The UK economy cooled by more than expected in the third quarter after a surprise contraction in September as anxiety built ...
Cuba is unlikely to see any growth in 2024, Economy Minister Joaquin Alonso said on Thursday, as its already sputtering state ...
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