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Fed's Powell Says No Need to Hurry Rate Cuts
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next.
Stock market today: Indexes fall as Powell says the Fed is in no hurry to cut interest rates
Indexes slipped as traders zeroed in on remarks from Fed Chair Jerome Powell, who said the central bank is in no hurry to cut rates amid a strong economy.
Powell says no need for Fed to rush rate cuts given strong economy
Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said on Thursday.
More Inflation Data, Disney Earnings, Powell Speech
More Inflation Data, Disney Earnings, Powell Speech: What to Watch Thursday and Friday
Retail sales, plus another inflation report, are this week's main remaining economic data releases. Plus, Federal Reserve Chair Jerome Powell is set to speak on the economic outlook, and there are a few earnings still on the slate.
Wall St indexes fall after latest inflation data; Powell speech awaited
Wall Street's main indexes lost ground on Thursday after monthly producer prices rose as expected, with investors awaiting Federal Reserve Chair Jerome Powell's comments expected during the last hour of trading for clues on the outlook for interest rates.
Dow Jones Rises After Inflation Data, Powell Speech Looms; Disney Surges On Earnings
The Dow Jones rose Thursday morning after key inflation data and ahead of Fed Chair Powell's speech. Disney soared on earnings.
9h
on MSN
Federal Reserve is confident that recalibrating policy will lead to 2% inflation: Powell
Federal Reserve Chair Jerome Powell appeared to be saying that the central bank is confident that it can steer the U.S.
6h
Inflation accelerated in October, offering first look at prices since election
Economists expect prices to have risen 2.6% over the year ending in October. That figure would mark a slight uptick from the ...
15h
Stock market today: Indexes mixed as traders digest wholesale inflation and await Powell's remarks
Traders see another rate in December as likely after consumer and wholesale inflation this week were in line with ...
5h
on MSN
Jerome Powell Really Doesn't Want to Talk Fiscal Policy
Federal Reserve Chair Jerome Powell spoke Thursday for the first time since the central bank's last policy meeting and the ...
9h
S&P 500 Analysis: Jobless Claims Down but Inflation Holds, Powell’s Remarks Awaited
Wall Street dips as traders await Powell’s speech, with PPI data steady but inflation concerns lingering. Rate cut ...
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