WASHINGTON (AP) — After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big question, after they end their latest policy meeting Wednesday, will be: Will they still signal rate cuts at all this year? Wall Street traders now envision just a […]
WASHINGTON (AP) — Two weeks ago, Chair Jerome Powell suggested that the Federal Reserve was “not far” from gaining the confidence it needed that inflation was headed sustainably toward its 2% target level, which would allow it to start cutting its benchmark interest rate. It was a tantalizing suggestion, because a cut in the Fed‘s […]
Federal Reserve Chairman Jerome Powell warned that the United States government is on an “unsustainable fiscal path” Sunday as the national debt has ballooned to record levels. “In the long run, the U.S. is on an unsustainable fiscal path,” Mr. Powell said in a “60 Minutes” interview on CBS. “… And that just means that […]
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