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...Jay Powell said the Federal Reserve’s job of bringing down inflation was “not yet done” and the US central bank needed “greater confidence” that price pressures were easing before cutting interest rates,...
...A Federal Reserve poll on financial stability has highlighted markets’ concerns over high interest rates, just days after central bank chair Jay Powell signalled borrowing costs would have to remain at a...
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...But his political outlays were not enough to slow the TikTok bill, which sits at the centre of the battle between Washington and Beijing....
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...US Federal Reserve chair Jay Powell has said it is likely to take “longer than expected” for inflation to return to the central bank’s 2 per cent target and justify cuts to interest rates....
...The head of the New York Federal Reserve said he still expects inflation to drift towards the US central bank’s 2 per cent goal, despite some bumpy recent readings....
...Even so, some economists believe recent US data — notably on inflation — will force the central bank to be more cautious....
...Federal Reserve chair Jay Powell has acknowledged it will likely take “longer than expected” for inflation to return to the US central bank’s 2 per cent goal and cut interest rates....
...s decision to keep the benchmark federal funds target between 5.25 per cent and 5.5 per cent was reached unanimously, according to a statement released from the US central bank after the meeting.Rate-setters...
...A top Federal Reserve official has said “disappointing” inflation data means the US central bank should “push back” the timing of cutting interest rates from their current 23-year high....
...US central bank officials still expect to be able to cut interest rates three times this year, despite the “persistence of high inflation” at the start of this year, according to minutes of the Federal Reserve...
...Some expect the Federal Open Market Committee to upgrade its 1.4 per cent GDP growth estimate for this year then too....
...Powell was speaking in Washington just hours after European Central Bank president Christine Lagarde signalled the central bank could begin lowering interest rates in June....
...A top Federal Reserve official has said risks to the US central bank’s dual mandate of low inflation and full employment “are moving into better balance”, paving the way for rate cuts this year....
...There was most consensus on the need to publish rate paths, which Bernanke backed away from including as a formal recommendation Over in Washington, Bank of England types have been remarkably dovish....
...Federal Reserve officials have indicated they still expect to cut interest rates by three-quarters of a percentage point this year, sending US equity markets to record highs....
...Loretta Mester, president of the Cleveland Federal Reserve and a voting member of the Federal Open Market Committee, revealed in a speech on Tuesday that she had raised her estimate of the longer-run federal...
...A top Federal Reserve official has said “disappointing” inflation data means the US central bank should “push back” the timing of interest rate cuts....
...Their forecasts will land at 2pm Eastern time today (6pm GMT), along with the bank’s latest decision on interest rates....
...Federal Reserve chair Jay Powell has said he still expects inflation to fall towards the US central bank’s 2 per cent goal, as new data highlighted the bumpy road ahead for officials as they debate when...
...US inflation unexpectedly increased to 3.2 per cent last month, highlighting the challenge faced by the Federal Reserve in the “last mile” of its fight against rising prices....
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