Fed Chair Powell Signals That Rates Will Remain Higher for Longer
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Fed Chair Jerome Powell says inflation has been higher than thought and expects rates to hold steady
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period.NBC News - Top stories - Federal Reserve -
Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady
Speaking to the Foreign Bankers' Association, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed considerably this year.CNBC - Business - Federal Reserve -
Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates
The Fed chief said he expected inflation to continue heading lower but that he was less confident than he had previously been about that outlook.The Wall Street Journal - World - Federal Reserve -
The Fed's Powell affirmed the central bank's wait-and-see stance on interest rates, which remain at their highest level in more than 20 years.
The Fed’s Powell affirmed the central bank’s wait-and-see stance on interest rates, which remain at their highest level in more than 20 years.The Wall Street Journal - World -
Watch Fed Chair Jerome Powell speak live to bankers group in Amsterdam
Federal Reserve Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers' Association in Amsterdam.CNBC - Business - Federal Reserve -
Fed’s Powell hints interest rates will stay high as US inflation lingers
Central bank chair says economy performing well but cites ‘lack of progress’ on price pressuresFinancial Times - Business - Federal Reserve -
Investors shun real estate as higher for longer fears bite
Global fund managers cut their property allocations to lows not seen since 2009Financial Times - Business -
Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before
Jerome H. Powell, the Federal Reserve chair, said the central bank was poised to leave interest rates on hold after surprisingly stubborn inflation.The New York Times - Business - Federal Reserve -
Will High Interest Rates Curb Inflation? The Fed Will Wait and See
While consumers clamor for rate cuts, the central bank leadership is prepared to hang on until inflation stops climbing.Inc. - Business - Federal Reserve -
Mester Says Fed in 'Really Good Place' to Study Economy Before Charting Rate Path
The Cleveland Fed president said she wasn’t eager to consider interest-rate hikes.The Wall Street Journal - World - Federal Reserve -
Stocks Rise Amid Mixed Signals on Inflation
Stocks edged higher after the producer-price index rose more than expected in April but data for the prior month was revised lower.The Wall Street Journal - World - Inflation -
Putin’s New Defense Minister Signals Russia’s Plan for a Long War in Ukraine
In his first public appearance as the newly appointed defense minister, Andrei R. Belousov spoke about veterans’ benefits and overcrowded hospitals rather than a new offensive in Ukraine.The New York Times - World - Ukraine -
Save Higher Ed With the Chicago Principles
Respect free speech and don’t take sides—a simple approach to avoid campus strife.The Wall Street Journal - World -
Berlin explores tax breaks to get Germans working longer hours
EU’s largest economy joins UK and Netherlands in trying to tackle a prime cause of region’s economic malaiseFinancial Times - Business -
Harry and Meghan's Archewell charity no longer 'delinquent,' California AG finds
The Beverly Hills-based charity founded by Prince Harry and his wife, Meghan, was considered "in good standing" in California on Tuesday.NBC News - Top stories - California -
The Fed is struggling to break the back of inflation. Here's why.
The Federal Reserve's campaign to snuff out runaway inflation has bogged down this year. Blame housing costs.CBS News - Top stories - Federal Reserve -
Inflation to Give Investors Latest Clues on Fed Path
Consumer-price index data is set to land after Fed Chair Jerome Powell said he still expected inflation to head lower, but was less confident than he had been on the outlook.The Wall Street Journal - World - Federal Reserve -
The Best Gaming Chair In 2024
Best Overall Gaming Chair Secretlab Titan Evo 2022 ...GameSpot - Tech