Fed Says Inflation Progress Has Stalled Extends Waitandsee Rate Stance
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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 -
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 -
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 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 -
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 -
Outdated laws and customs stalling progress on women’s rights across Africa – study
Family law has not kept up with social shifts, with marital rape, child marriage and lack of property and custody rights persistent problems, research finds. Discriminatory laws and customs across Africa are stalling progress on women’s rights in ...The Guardian - World -
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 -
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 -
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 -
Inflation Data Could Show Signs of Progress After Disappointing Run
The Consumer Price Index, which will be released on Wednesday morning, could show price gains moderated a bit in April.The New York Times - Business -
Protester encampment at DePaul remains after university officials say negotiations with protesters have stalled
Yahoo News - World -
How Rising Gas Prices Complicate the Fed's Inflation Strategy
Gas prices are rising faster than usual this year. WSJ’s David Uberti breaks down what’s behind the rise and how it interferes with the Federal Reserve’s goal of bringing down inflation.The Wall Street Journal - World -
April CPI unlikely to show much progress on inflation, but it probably didn’t get worse
Inflation in the U.S. is still stubbornly high, and the April report on consumer prices is unlikely to show Americans getting much relief.MarketWatch - Business -
Argentina inflation crests near 300% as monthly rate slows
Yahoo News - World -
Players’ words say a PGA-Saudi deal is progressing. Others’ actions say otherwise.
Nearly a year after the PGA Tour and the Saudi Arabian Public Investment Fund (PIF) announced their “framework agreement," there’s been no action.Yahoo Sports - Sports -
Argentina's inflation drops to 1st single-digit rate in 6 months, a triumph for President Milei not felt on the streets
Argentina's inflation drops to 1st single-digit rate in 6 months, a triumph for President Milei not felt on the streetsABC News - World -
Latest US inflation report may provide clues to future path of prices and interest rates
It’s perhaps the biggest question swirling around the U.S. economy right now: Is inflation stuck at an elevated level — or will last year’s steady decline resume sometime soonABC News - Top stories -
Eurozone inflation to fall faster than expected, EU says
Revised figure comes as impact of Red Sea trade disruption proves milder than expectedFinancial Times - Business - European Union -
Eurozone Inflation Set to Ease More Rapidly, EU Says
The eurozone’s annual rate of inflation is set to fall faster than previously expected as economic growth remains anemic, and hit the European Central Bank’s target earlier in 2025.The Wall Street Journal - World - European Union -
'Serial child rapist' on the run for more than 2 decades arrested in Missouri, feds say
A "serial child rapist" was arrested in Missouri after more than two decades on the lam, according to the U.S.NBC News - Top stories -
Premier League reiterates ‘very clear’ stance on 777 Partners Everton takeover
Richard Masters tells MPs to ‘draw own conclusions’ over delayMoshiri extends sale and purchase agreement with 777Richard Masters says the Premier League has been “very clear” with 777 Partners over the conditions it must meet to complete a ...The Guardian - World - Premier League -
Dolly Parton says she has Welsh ancestry
Dolly Parton has traced her ancestry to the Welsh valleys for a TV show, according to reports.BBC News - Top stories -
What Forecasters Say About Interest Rates (and Why They Disagree)
Hopes for a steep drop in borrowing costs for consumers and businesses have been dashed. But some experts predict modest reductions in coming months.The New York Times - Business