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Fed says inflation is moving in the right direction
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Tag: | Federal Reserve |
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CNBC - Business
Fed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal
The Federal Reserve on Wednesday released minutes from its June 11-12 meeting.Federal Reserve -
The Hill - Politics
Election forecaster moves Michigan, Minnesota in Trump's direction
Nonpartisan election handicapper Sabato’s Crystal Ball at the University of Virginia Center for Politics is shifting two Midwestern states toward former President Trump’s direction postdebate. Sabato’s Crystal Ball managing editor Kyle Kondik ...Donald Trump -
Financial Times - World
Fed officials wanted ‘greater confidence’ that US inflation was cooling
Minutes of June meeting showed some officials were concerned about effect of high rates on job marketFederal Reserve -
The Hill - Politics
Will the Fed hit its inflation target by 2025? Don’t bet on it.
Treasury Secretary Janet Yellen expressed optimism that the Federal Reserve Board's 2 percent inflation target might be achieved by 2025, but other forecast groups show a less optimistic outlook, with inflation expected to remain above 2 percent ...Federal Reserve -
The Wall Street Journal - World
Turkish Inflation Moves Past Peak as High Rates Begin to Pay Off
Turkish consumer inflation looks to have begun a strong downward slide, says Bartosz Sawicki, market analyst at fintech Conotoxia.Turkey -
MarketWatch - Business
Fed minutes show no consensus on how many months of good inflation data needed to start cutting interest rates
Several officials said that interest-rate hikes might be needed if inflation stays at its elevated level or increases further.Federal Reserve -
CNBC - Business
Is inflation Biden's or Trump's fault? The answer isn't so simple, economists say
Biden and Trump traded barbs on the state of the U.S. economy during their first debate. But who or what is really responsible for inflation?Joe Biden -
Financial Times - World
Indonesia’s Prabowo sparks spending concerns with $28bn free school meals plan
Incoming president considers enlarged government and increased borrowing in break with predecessor Widodo -
Financial Times - World
FirstFT: Democratic governors back Biden
Also in today’s newsletter, a $2.65bn luxury department store deal and Goldman lobbies to change Fed’s stress test resultJoe Biden
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'It's Shakespearean': Long-simmering tensions between Biden's family and aides spill out
President Joe Biden’s family is attempting to become more involved over his campaign and White House affairs as their anger with his staff spills into public view.Joe Biden -
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Hamas is losing the backing of ordinary people in Gaza who are paying the human price of its war
It’s become a tragically familiar scene in the Gaza Strip: After seeing her slain son’s corpse, a Palestinian woman screams in agony. -
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How punishing Britain’s Conservative party turned into an election victory for Labour
THETFORD, England — With its historic, flint-clad houses and pleasant fields, Thetford is an unlikely scene for an electoral bloodbath. -
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Evacuations ordered as new California wildfire ignites in scorching heat wave
Scorching temperatures on the Fourth of July fueled wildfires in California that have burned through the night.California -
NBC News - Top stories
Reformist Masoud Pezeshkian wins Iran’s presidential runoff election, besting hard-liner Saeed Jalili
Reformist candidate Masoud Pezeshkian won Iran’s runoff presidential election Saturday, besting hard-liner Saeed Jalili.