Fed's Waller: Weak inflation data cemented case for 50 basis point cut
U.S. Federal Reserve Governor Christopher Waller, one of the more ardent voices in the central bank's battle to hike interest rates to tame inflation, said he supported a larger rate cut this week because he is now worried the pace of price increases is undershooting the Fed's target.
Business Insider on MSN1d
The Fed's rate decision shows its focus has shifted from inflation to the labor marketWhat caused some to take note was the perceived reason for the depth of the cuts. While inflation has long been seen as the ...
Federal Reserve officials believe that inflation will cool faster than previously expected this year. In the summary of ...
Inflation has tumbled from a peak of 9.1% in mid-2022 to a three-year low of 2.5% in August, not far above the Fed’s 2% ...
Federal Reserve officials signaled that unemployment might climb slightly higher by the end of the year. In their quarterly ...
The Fed’s decision Wednesday implies that the main battle against high inflation has been won, and all that’s left is ...
The Federal Reserve’s first key interest rate cut in four years coincides with another major four-year event: the homestretch of the presidential election. Fed Chair Jerome Powell downplayed the ...
While the Fed cuts rates, the BoE stays cautious, and the BoJ holds steady. Discover how each central bank is tackling ...
The president’s speech on Thursday won’t be a “victory lap,” officials said, but it will celebrate falling inflation and ...
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