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 from its inflation goal and reducing the chance of another reduction in borrowing costs soon.

Topics

The Fed Holds Rates Steady, Hitting Pause After a Series of Cuts

The U.S. central bank did not cut borrowing costs amid a solid economy and rising inflation risks.
The New York Times - 1d
Fed holds interest rates steady as inflation remains above 2%

The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
CBS News - 1d
Fed holds rates steady, takes less confident view on inflation

The Federal Reserve held its key interest rate in check Wednesday, reversing a recent trend of easing policy.
CNBC - 1d
No interest rate cut by Federal Reserve as inflation remains above target

The Federal Reserve did not apply a cut to its benchmark rate as inflation remains stubborn. CBS News business analyst Jill Schlesinger has more.
CBS News - 1d
Stop the money-printing press: Why the Fed should target a hard 2% inflation cap

U.S. workers, employers and investors aren’t buying the Fed’s assurances that inflation is easing.
MarketWatch - 2d
The Fed Is in No Rush to Cut Rates

Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.
The New York Times - Jan. 10
Rate-Cut Decision Was Narrow, Fed Minutes Show

Stubborn inflation, and potential tariffs, make future rate cuts uncertain.
The New York Times - Jan. 8
Fed Minutes May Show Why More Rate Cuts Will Face Hurdles

After a quarter-point cut in December, Chairman Jerome Powell said policymakers may be more cautious, since the incoming administration will create more uncertainty.
Inc. - Jan. 8
Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation

Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.
MarketWatch - Jan. 8

More from MarketWatch

Older workers are struggling to find jobs — these tools may help

Ageism, “ghost jobs” and networking — advice for older job hunters.
MarketWatch - 12m
Nvidia’s CEO, whose chips play a key role in the DeepSeek drama, becomes latest corporate exec to pay a visit to Trump

President Trump is slated to meet Friday afternoon with Nvidia Corp. Chief Executive Jensen Huang at the White House, with their get-together coming as the chip giant has faced questions due to the ...
MarketWatch - 12m
Here are easy ways protect yourself from a stock-market crash

Also: Apple’s good news, tax tips for investors and advice from the Moneyist.
MarketWatch - 21m
Retired, or nearing retirement? The DeepSeek scare should be a wake-up call.

How much risk are you taking in your investments?
MarketWatch - 33m
I’m 67 and plan to work for 5 more years. I was told to claim Social Security now. Should I?

“I was under the impression that once I elected to take my monthly benefit it was set for perpetuity.”
MarketWatch - 33m

More in Business

Swiss pharma giant Novartis posts better-than-expected fourth-quarter sales

Swiss pharmaceutical giant Novartis on Friday reported fourth-quarter results after repeatedly raising its full-year guidance.
CNBC - 2m
Older workers are struggling to find jobs — these tools may help

Ageism, “ghost jobs” and networking — advice for older job hunters.
MarketWatch - 12m
Nvidia’s CEO, whose chips play a key role in the DeepSeek drama, becomes latest corporate exec to pay a visit to Trump

President Trump is slated to meet Friday afternoon with Nvidia Corp. Chief Executive Jensen Huang at the White House, with their get-together coming as the chip giant has faced questions due to the ...
MarketWatch - 12m
Key Fed measure shows core inflation at 2.8%, in line with expectations

The personal consumption expenditures price index for December was expected to show a 2.6% increase on an annual basis
CNBC - 15m
Here are easy ways protect yourself from a stock-market crash

Also: Apple’s good news, tax tips for investors and advice from the Moneyist.
MarketWatch - 21m