Fed officials are worried about tariffs' impact on inflation and see rate cuts on hold, minutes show
Federal Reserve officials in January agreed they would need to see inflation come down more before lowering interest rates further, and expressed concern about the impact President Donald Trump’s tariffs would have in making that happen, according to meeting minutes released Wednesday.
Read more at NBC News
-
Interest Rate Cuts on Hold Till Inflation Improves, Fed Meeting Minutes Show
Officials are debating when to restart interest rate cuts, as high prices linger and Trump’s policies add to economic uncertainty.The New York Times - 1d -
Fed Flags Rising Inflation Risks and Rising Uncertainty About Trump’s Policies
Rates cuts are still on the menu, but like many businesses, Fed officials are having a tough time judging the impact of Trump’s tariff and immigration plans.Inc. - 10h -
Japan's inflation rate climbs to a 2-year high of 4% in January, supporting rate hike calls from BOJ members
Core inflation — which excludes prices of fresh food — rose to 3.2% from 3% in the prior month and beat economists' expectations of 3.1%, according to a Reuters poll.CNBC - 5h -
Walmart’s Gloomy Sales Forecast Shows Customers Are Still Feeling the Inflation Squeeze
The company’s earnings forecast for the fiscal year fell below analysts’ expectations.Inc. - 15h -
DOGE cuts at 9/11 health program may impact first responders
Advocates for those sickened by toxins from the massive debris of 9/11 are calling on President Trump to immediately reverse cuts he made to the World Trade Center Health Program. Anthony Gardner, ...CBS News - 7h -
Here's what to know about DOGE's impact so far
Actions from the White House's Department of Government Efficiency, known as DOGE, have led to thousands of firings and more than a dozen lawsuits. CBS News White House reporter Aaron Navarro ...CBS News - 8h -
Trump officials want to ban junk food from SNAP. Past efforts show it's not easy to do
A push to ban sugary drinks, candy and more from the Supplemental Nutrition Assistance Program may soon get a boost from new Trump Administration officialsABC News - 1d -
Live Nation expects a big 2025, boosted by stadium shows, but sees some bumps in the first quarter
Live Nation Entertainment Inc. reported a dip in fourth-quarter sales Thursday, but that figure still came in above expectations, and the Ticketmaster parent said it expected bigger gains this year ...MarketWatch - 8h -
A Trump DOGE Dividend Could Raise Inflation
President Trump floated giving taxpayers a piece of any savings that Elon Musk’s cost-cutting generates, which could reignite inflation.The New York Times - 20h -
The worrying pitfalls ahead of Starmer's US trip
When Sir Keir Starmer touches down in Washington next week, he will be treading a fine diplomatic line.BBC News - 12h
More from NBC News
-
Senate holds a 'vote-a-rama' to advance $340 billion budget for Trump's agenda
Senate Republicans began a series of votes Thursday on a party-line vehicle to pass a $340 billion budget blueprint designed to boost funding for President Donald Trump's immigration enforcement ...NBC News - 5h -
Mexico ramps up troop levels at US-Mexico border
Mexico boosted troop levels at the border after President Trump threatened a tariff on all Mexican goods coming into the U.S. NBC News' Gabe Gutierrez got exclusive access, and takes a look at ...NBC News - 9h -
Bodies of the youngest Hamas hostages were retuned without their mother
The bodies of Kfir and Ariel Bibas, the two youngest captives held by Hamas, were confirmed to be among those released as part of a ceasefire deal. However, the body that was believed to be their ...NBC News - 9h -
Texas lawmaker moves to outlaw medical research on corpses without consent
A Texas lawmaker horrified by an NBC News investigation into a medical school that profited from the bodies of the poor moved this week to ban the practice.NBC News - 8h -
Canada defeats USA in overtime to claim hockey's first 4 Nations Face-Off title
Canada defeated USA Thursday to win the first-ever 4 Nations Face-Off hockey tournament, capping what had become a heated and politically charged event.NBC News - 4h
More in Top stories
-
Europe must secure Ukraine's future if US won't, ex-Army head says
Sir Nick Carter says "others are going to have to step up to the plate" if the US does not want to.BBC News - 14m -
Hong Kong’s last major pro-democracy party moves to disband
Hong Kong’s Democratic Party said late on Thursday it would start preparations to disband and wind up its affairs after a meeting of its leadership, amid a years-long national security crackdown in ...NBC News - 21m -
Government finances in surplus but pressure builds on Reeves
The state collected more in tax than it spent in January but the figures fell short of forecasts.BBC News - 28m -
'Every woman has fear' - why risks facing female athletes remain
Emma Raducanu's ordeal with a male fan in Dubai provided a stark reminder of the dangers faced by female athletes on a regular basis.BBC News - 37m -
'Champions are made when nobody's watching' - Earps on life at PSG
Mary Earps tells BBC Sport about her journey from switching Manchester United for life in the French capital with Paris St-Germain.BBC News - 1h