US Fed expected to cut rates in last meeting of Biden era
The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank's last meeting of Joe Biden's presidency.
Key Fed inflation measure shows 2.4% rate in November, lower than expected
Prices barely moved in November but still held higher than the Federal Reserve’s target when looked at from a year ago, according to a Commerce Department measure released Friday.
Fed's Inflation Gauge Shows Easing Price Pressures in November
Inflation in the U.S. showed signs of cooling in November as price increases slowed sharply after two months of gains.
November PCE: Key fed inflation gauge rose 2.4% annually
The Personal Consumption Expenditures index climbed by 0.1% in November on a month-over-month basis, the Bureau of Economic Analysis said in a statement Friday.
Fed’s preferred inflation gauge in November was lower than expected, but remains elevated
The Fed's preferred inflation measure for November, the PCE index, came in below Wall Street estimates. However, it remains above where policymakers want it to be suggesting prices are still stubbornly high.
The Fed’s go-to inflation gauge ticked up less than expected last month
The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were expecting, an indication that price hikes aren’t accelerating in a worrisome fashion.
US PCE inflation cools in November
The personal consumption expenditures (PCE) price index rose a less-than-expected 0.1% in November, marking a cooler inflation picture than October's unrevised 0.2% gain, and, combined with solid but disappointing consumer spending,
Fed-favored inflation gauge surprises by showing slower price increases in November
The barometer of U.S. inflation favored by the Federal Reserve rose more slowly than expected in November, breaking what appears to a gradual drift higher in prices that forced the central bank to scale back plans to cut interest rates.
Trump chills on threat to oust Fed chairman but wants a say in policy decisions
President-elect says he has no plans to ask or order Powell to step down, in spite of past criticism of the monetary body ...
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Peter Schiff Says Biden Selling All US Bitcoin Would Be “Good,” Here’s Why
Peter Schiff has explained why the Biden government selling all the country's Bitcoin holdings would be a "good thing." ...
Dow drops 1,100 points after Fed announces quarter-point rate reduction
Federal Reserve Chairman Jerome Powell on Wednesday announced a 0.25% reduction in the Fed's lending rate, but the Dow posted ...
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Inflation report shows moderate increase; Fed likely to continue rate cuts as Biden administration touts economic legacy
November's inflation report showed a moderate 2.7% annual increase, which may give the Federal Reserve reason to continue ...
Bruce Ledewitz: Donald Trump is inheriting a stronger country thanks to Joe Biden
New York Times columnist Maureen Dowd’s conservative brother writes her column. This year, he crowed about Donald Trump’s ...
November CPI report: Overall and core inflation rise 0.3%. Investors bet on Fed rate cut.
One metric to watch in the CPI data is the year-over-year core CPI, which will play a key role in the outlook for Federal ...
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Fed set to cut in last meeting of Biden era
The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank's last meeting of Joe Biden's ...
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'Acknowledging reality': Fed chair says Trump agenda creating 'uncertainty around inflation'
With still weeks to go before his official swearing-in, President-elect Donald Trump is already causing worry among members of the Federal Reserve Board of Governors with his proposed policy agenda.