Fed officials worried inflation progress is stalling, meeting minutes show
Inflation is falling, but food is still expensive to buy. According to the Bureau of Labor Statistics, food prices have risen 21% over the past three years, outpacing the overall inflation rate of 18% over the same period. Fed officials expressed concern at their March policy meeting that price pressures in the economy were rising […]
Fed’s Jerome Powell keeps rate-cut outlook despite stalling inflation data
Federal Reserve Chairman Jerome Powell commented on Friday that the latest U.S. inflation data is “in line with what we expect,” maintaining the central bank’s benchmark for rate cuts this year. He made a comment like this. Chairman Powell said the personal consumption expenditure price index data released Friday was “what we expected,” and even […]