Read more at CNN.
Fed holds interest rates at 23-year high as inflation continues to push back timing of a rate cut
Date: | |
Tag: | Federal Reserve |
Sort by
Filter
Date
Items per page
-
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 -
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 -
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 -
High Interest Rates Are Hitting Poorer Americans the Hardest
The economy as a whole has proved resilient amid the highest rates in decades. But beneath the surface, many low- and moderate-income families are struggling.The New York Times - Business
More from CNN
-
If you think you can't focus for long, you're right
Your attention span has shrunk by nearly two minutes in the past 20 years, driven in part by technology's hold over your work and home life, experts say. Here's how to stay focused so you can get things done.CNN - Top stories -
The latest on Russia's war in Ukraine
US Secretary of State Antony Blinken announced $2 billion in military financing for Ukraine as Russia is pushing into northeastern part of the country. Follow for live news updates.CNN - Top stories - Ukraine -
Slovakia's prime minister in life-threatening condition after shooting
Slovakian Prime Minister Robert Fico is in a life-threatening condition after being shot in an "assassination attempt," an official statement says. Follow for live news updates.CNN - Top stories -
May 14, 2024 Israel-Hamas war
Amid signs that Israel may launch a full-scale incursion in Rafah, aid agencies are warning any escalation in the southern Gaza city risks exacerbating the already deteriorating humanitarian situation.CNN - Top stories - Israel -
Trump defense cross-examines Michael Cohen in hush money trial
Donald Trump's defense will continue to cross-examine Michael Cohen on Thursday as it aims to discredit the prosecution's key witness in the former president's criminal hush money trial in New York.CNN - Top stories - Donald Trump