Inflation Picks Up to 2.6%, but Door Stays Open to Fed Rate Cut
Investors’ positive response to the report might have been driven in part by relief that Trump and the Fed won’t immediately be at loggerheads. Economists view some of Trump’s proposed policies, such as higher tariffs, as likely to push inflation higher.
'Fed still set to cut rates despite inflation' - 13 Nov 2024
Michael Reid, the US Economist at RBC Capital Markets, says the Fed is still on track for a rate cut in December.
Fed’s Kashkari Says Only Inflation Could Derail December Cut
Federal Reserve Bank of Minneapolis President Neel Kashkari said he’ll be looking at incoming inflation data to determine whether another interest-rate cut is appropriate at the US central bank’s December meeting.
Why Fed Rate Cuts Aren't a Cure-All for High Mortgage Rates
On Nov. 7, the Federal Reserve implemented a 0.25% reduction to the federal funds rate, its second cut in over four years. Prospective homebuyers are eager for a silver lining in the housing market. But experts don't anticipate dramatically lower rates before the end of the year.
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 the heels of a powerful rally in the stock market in early November could drive the Fed to cut rates only one more time before taking a pause,
Traders bet on Fed December rate cut after inflation data
Traders of contracts that settle to the Federal Reserve's policy rate moved Wednesday to price in a firmer chance of another quarter-point interest-rate cut at the central bank's meeting next month, after a government report showed consumer inflation rose in October in line with economist expectations.
U.S. inflation rose 2.6% in October, a month after the Federal Reserve began cutting rates
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
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Fed should proceed 'with caution' on rate cuts, Logan says
After having made "a great deal of progress" in bringing down inflation from 40-year highs, Logan said in remarks prepared ...
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Credit card debt hits record $1.17 trillion, New York Fed research shows
Still, credit card delinquency rates improved in the most recent quarter, suggesting that "rising debt burdens remain ...
A Potential Fight Over the Fed’s Future Ramps Up
As Trump allies including Elon Musk endorse ending the Federal Reserve’s independence, the central bank’s chair is reportedly ...
Fed's Kashkari says he's confident inflation is headed down
Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday that he is confident inflation is headed down, ...
US CPI ticks back up, but will not stop another Fed cut in December
The main driver of CPI continues to be shelter, which comprises more than a third of the overall inflation basket. Shelter ...
Federal Reserve 'in position' to respond to risks as needed, Fed President Barkin says
Nov 12 (Reuters) - With inflation close to the Federal Reserve's 2% target, the labor market resilient, and the U.S. central ...
Inflation Ends Cooling Streak. What It Means for the Fed.
October inflation was in line with expectations, but ended the streak of cooler readings that helped provide Federal Reserve ...
Inflation Ticks Up, as the Fed’s Victory Remains Incomplete
Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.
USA Today20h
Dollar rally pushes gold to near two-month low as traders await Fed cues
Following the Fed's recent decision to cut its benchmark interest rate by a quarter of a percentage point to the 4.50% to 4 ...