The government reported Friday that prices rose 0.3% from January to February, decelerating from a 0.4% increase the previous month in a potentially encouraging trend for President Joe Biden’s re-election bid
Prices rose 0.4% from January to February, higher than the previous month‘s figure of 0.3%. Compared with a year earlier, consumer prices rose 3.2% last month
Last month’s job growth marked an increase from a revised gain of 229,000 jobs in January. At the same time, the unemployment rate ticked up two-tenths of a point
The rule would require the largest banks — those with more than $100 billion in assets — to hold more funds in reserve to protect against bad loans and other potential losses
On the first of his two days of semi-annual testimony to Congress, Powell also suggested that the Fed faces two roughly equal risks: Cutting rates too soon or cutting them ‘too late or too little’
Prices rose 0.3% from December to January, up from 0.1% in the previous month. But in a more encouraging sign, prices were up just 2.4% from a year earlier, the smallest such increase in nearly three years
The former president’s pledge to introduce more tariffs and lower taxes portends more inflation just as the Fed starts considering a cycle of rate cuts
Expectations for reductions have significantly cooled, but capital markets project the European Central Bank to act first and more aggressively throughout the year
Democrats demand that Jerome Powell lower rates, while Trump accuses him of wanting to help Biden and says he will not renew his term if he returns to the White House
The bank left its benchmark rate unchanged at a record-high 4% and Lagarde said risks for higher inflation ‘include the heightened geopolitical tensions, especially in the Middle East’
The office estimates that inflation will nearly hit the Fed’s 2% target rate in 2024 and that the unemployment will reach 4.4% in the fourth quarter of next year
The unemployment rate dropped from 3.9% to 3.7%, not far above a five-decade low of 3.4% in April. Still, the job market is gradually decelerating along the lines that Fed officials have wanted to see
Powell’s remarks follow comments from a raft of Fed officials this week, with most of them signaling that the central bank can afford to keep its key rate steady in the coming months