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Fed's Powell Says No Need to Hurry Rate Cuts
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next.
Fed Chair Jerome Powell says no need to 'hurry' rate cuts
While speaking in Dallas on Thursday, Powell said economic growth will allow the Fed to tread carefully before making any rate cuts.
Fed’s Powell Says No Need to Hurry Rate Cuts With Economy Strong
Federal Reserve Chair Jerome Powell said the recent performance of the US economy has been “remarkably good,” giving central bankers room to lower interest rates at a careful pace.Most Read from BloombergUnder Trump,
More Inflation Data, Disney Earnings, Powell Speech
Wall St indexes fall after latest inflation data; Powell speech awaited
Wall Street's main indexes lost ground on Thursday after monthly producer prices rose as expected, with investors awaiting Federal Reserve Chair Jerome Powell's comments expected during the last hour of trading for clues on the outlook for interest rates.
More Inflation Data, Disney Earnings, Powell Speech: What to Watch Thursday and Friday
Retail sales, plus another inflation report, are this week's main remaining economic data releases. Plus, Federal Reserve Chair Jerome Powell is set to speak on the economic outlook, and there are a few earnings still on the slate.
Dow Jones Rises After Inflation Data, Powell Speech Looms; Disney Surges On Earnings
The Dow Jones rose Thursday morning after key inflation data and ahead of Fed Chair Powell's speech. Disney soared on earnings.
9h
on MSN
Federal Reserve is confident that recalibrating policy will lead to 2% inflation: Powell
Federal Reserve Chair Jerome Powell appeared to be saying that the central bank is confident that it can steer the U.S.
14h
Stock market today: Indexes mixed as traders digest wholesale inflation and await Powell's remarks
Traders see another rate in December as likely after consumer and wholesale inflation this week were in line with ...
6h
Inflation accelerated in October, offering first look at prices since election
Economists expect prices to have risen 2.6% over the year ending in October. That figure would mark a slight uptick from the ...
1h
Fed's Powell on Inflation, Trump Taps Burgum for Interior, More
Bloomberg News Now is a comprehensive audio report on today's top stories. Listen for the latest news, whenever you want it, covering global business stories around the world.
5h
on MSN
Jerome Powell Really Doesn't Want to Talk Fiscal Policy
Federal Reserve Chair Jerome Powell spoke Thursday for the first time since the central bank's last policy meeting and the ...
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