Hopes for more Fed rate cuts dim as Powell notes hot CPI means 'we're not quite there yet'

A Fed interest rate cut won't be coming until at least September, if at all this year, following a troubling inflation report Wednesday.

Topics

Trump's comments won't affect interest rate decisions by the Fed, Powell says

Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions
ABC News - 2h
Fed is going to be even more cautious about inflation after CPI report

Federal Reserve Chair Jerome Powell said Wednesday that the Fed is “holding” while awaiting more data.
MarketWatch - 2h
Fed Chair Jerome Powell Shows Little Urgency to Lower Rates

Jerome H. Powell testifies as inflation risks are resurfacing, regulatory changes are in flux and the Federal Reserve’s policy independence is in the spotlight.
The New York Times - 19h
Why Trump and Google Are Paying Employees to Quit—and What It Means for Your Business

The tens of thousands of workers who’ve left their jobs under government pressure or because of large corporate layoffs represent a wealth of expertise that can benefit your company.
Inc. - 1d
Inflation rate picked up in January, CPI report shows. What it means.

The Federal Reserve's progress on taming inflation has stalled out. That could mean fewer rate cuts in 2025.
CBS News - 6h
Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further

Federal Reserve Chair Jerome Powell on Tuesday reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to push interest rates lower.
NBC News - 1d
Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further

Powell called the economy "strong overall" with a "solid" labor market and inflation that is easing but still above the Fed's 2% goal.
CNBC - 1d
Fed Chair Jerome Powell testifying before Congress

Federal Reserve chair Jerome Powell is testifying in front of lawmakers Tuesday where he's expected to face questions ranging from rate policies to the department's independence from President ...
CBS News - 1d
Fed Rate Cuts Are Looking Less and Less Likely for 2025

The January jobs report and inflation concerns have pushed back bets for lower borrowing costs.
Inc. - 2d

Hopes for more Fed rate cuts dim as Powell notes hot CPI means 'we're not quite there yet'

Topics

Related

Trump's comments won't affect interest rate decisions by the Fed, Powell says

Fed is going to be even more cautious about inflation after CPI report

Fed Chair Jerome Powell Shows Little Urgency to Lower Rates

Why Trump and Google Are Paying Employees to Quit—and What It Means for Your Business

Inflation rate picked up in January, CPI report shows. What it means.

Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further

Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further

Fed Chair Jerome Powell testifying before Congress

Fed Rate Cuts Are Looking Less and Less Likely for 2025

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