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Inflation, Federal Reserve and Michelle Bowman
Fed’s Bowman Wants More Inflation Progress Before Cutting Rates
Federal Reserve Governor Michelle Bowman said she wants to see additional progress on inflation before the central bank lowers interest rates further, and questioned how restrictive policy might be given the economy’s strength.
Inflation finishes 2024 well above Fed’s 2% target, PCE shows. Rate cuts on hold.
The price gauge used by the Federal Reserve to help set U.S. interest rates accelerated in December, pushing the bank further away from its inflation goal and reducing the chance of a another reduction in borrowing costs soon.
Bowman: Inflation risks to the upside, further rate cuts should be gradual, cautious
Federal Reserve governor Michelle Bowman said she still expects declining inflation to allow further interest rate cuts this year, but feels rising wages, buoyant financial markets, geopolitical risks,
20m
on MSN
Inflation gauge favored by Fed showed price growth picked up in December
The Federal Reserve's preferred inflation gauge, known as the personal consumption expenditures index, rose in December in ...
3h
High Inflation Sows Debate About New Fed Playbook for Tariffs
Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect ...
24m
on MSN
Fed’s Bowman sees ‘upside risks’ to inflation, backs cautious and gradual policy approach
Progress on inflation was “noticeably” slower last year than in 2023, and upside risks to higher price pressures remain, and therefore the U.S. central bank should adopt a cautious and gradual ...
1d
Fed stands pat, leans hawkish with omission of inflation-progress reference
The Federal Reserve left interest rates in the 4.25% to 4.50% target range on Wednesday and gave little insight into when ...
4h
PCE Inflation Report: Live Coverage
Dow, S&P 500, and Nasdaq futures are rising in premarket trading Friday as the stock market waits for news on President ...
1d
on MSN
Stocks end down as Fed shifts inflation view. Nvidia slides on talk of China sales curb
US stocks fall after the Fed held rates steady but suggested the inflation drop has stalled. Meta, Tesla and Microsoft report ...
13h
Financial conditions undercut Fed's 'restrictive' view: McGeever
U.S. interest rate cycles are driven largely by how restrictive or accommodative the Federal Reserve thinks monetary policy ...
1d
Powell Says Fed Is Meaningfully Above Neutral Rate
Powell made clear that Fed policymakers are in no rush to reduce interest rates further, after lowering borrowing costs by a ...
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