Inflation
Fed Governor Waller says inflation softening faster than he expected put him in half-point-cut camp
Federal Reserve Governor Christopher Waller said Friday he supported a half percentage point rate cut at this week’s meeting because inflation is falling even faster than he had expected. Citing recent data on consumer and producer prices, Waller told CNBC that the data is showing core inflation, excluding food and energy, in the Fed’s preferred […]
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Biden claims he’s ‘never once spoken’ to Powell as president, but they met in Oval Office in 2022
Chairman of the Federal Reserve Jerome Powell (left) meets with President Joe Biden in the Oval Office on May 31, 2022. Saul Loeb | AFP | Getty Images President Joe Biden on Thursday said he had “never once spoken” to Federal Reserve Chair Jerome Powell while he was president. But the pair, joined by Treasury […]
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The Fed has set out on a ‘recalibration’ of policy. Here’s what Powell’s new buzzword means
Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a “recalibration” of policy at a pivotal moment for the central bank. At his news conference following Wednesday’s open market committee meeting, Powell used variations of the word no fewer than eight times as he sought to explain why the […]
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Watch: Biden delivers remarks at the Economic Club of Washington, D.C.
[The stream is slated to start at 1:15 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is speaking at the Economic Club of Washington, D.C., on Thursday, where he is expected to celebrate falling inflation and interest rates. The president’s remarks come the […]
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Citi: Cost per seat miles is rising across airlines
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Stephen Trent, Citi’s MD on Americas Airlines, compares discount airlines to bigger carriers, and how they’re navigating debt, labor & supply issues. Source
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Fed slashes interest rates by a half-point, an aggressive start to its first easing campaign in four years
WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort to head off a slowdown in the labor market. With both the jobs picture and inflation softening, the central bank’s Federal Open Market […]
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European markets fall as investors weigh UK inflation data, look to Fed rate decision
A market stall in the Kingston district of London in 2024. Bloomberg | Bloomberg | Getty Images LONDON — European markets fell on Wednesday as investors considered key data from the region and looked to the U.S. Federal Reserve interest rate decision. The pan-European Stoxx 600 index was down 0.45% at 12:39 p.m. London time, […]
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CNBC Daily Open: Hoping for a 50-basis-point cut
Hope versus reality: That’s the mood among market watchers as we count down to the Fed’s interest rate decision. Source
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UK inflation comes in at 2.2% for August, matching expectations
U.K. inflation came in at 2.2% for the month of August, data from the Office for National Statistics showed Wednesday. The headline consumer price index (CPI) reading matched analyst expectations, according to economists polled by Reuters, and was in line with the previous 2.2% reading in July. Headline CPI had come in at 2% in May and […]
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The Fed’s biggest interest rate call in years happens Wednesday. Here’s what to expect
Federal Reserve Chairman Jerome Powell takes a question from a reporter during a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on July 31, 2024 in Washington, DC. Andrew Harnik | Getty Images For all the hype that goes into them, Federal Reserve meetings […]
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