Fed’s Bowman Sees Rate Cuts on Pause Until Inflation Declines Again
Federal Reserve Governor Michelle Bowman considers interest rates on hold for the time being until the data shows inflation has resumed its downward trend. Bowman was the lone dissenter on the FOMC’s September decision to lower the federal-funds rate by half a percentage point,
These are today's mortgage and refinance rates. Mortgage rates have gone up thanks to strong economic data. Where they go ...
and that the Fed will lower borrowing costs by just 30 basis points in the whole of 2025. That has intensified the ...
U.S. inflation data in the coming week could test the nerves of stock investors and further inflame worries about rising ...
Underlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and ...
The Federal Reserve has welcomed the New Year by more of the same. As government spending continues to explode, the Fed ...
Top Federal Reserve officials — including Chair Jerome Powell — are increasingly pointing to an obscure price gauge as a ...
Federal Reserve Governor Michelle Bowman said she sees lingering inflation risks and that policymakers should proceed ...
The U.S. job market again defied an anticipated slowdown, with firms adding more than a quarter of a million jobs in the last ...
The Fed is likely done cutting rates amid robust economic activity and can now eye a hike if core PCE or long-term inflation ...
Fear that inflation could return in 2025 has raised questions over the possibility of a stagflation scenario—predicted to ...
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