Fed Begins Inflation Fight With Key Rate Hike, More To Come

The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling up to seven rate hikes this year.

Topics:  federal reserve   inflation   rate hike   
BING NEWS:
  • Trump makes the Fed's challenging inflation fight more complicated
    President-elect Donald Trump has created a headache for the Federal Reserve before he's even stepped into office. Inflation, part of the Fed's dual mandate of maintaining price stability with maximum ...
    01/18/2025 - 3:38 am | View Link
  • Fed may cut rates sooner and faster than expected if inflation keeps cooling, key official predicts
    Inflation is likely to continue to ease and possibly allow the central bank to cut interest rates sooner and faster than expected, Federal Reserve Governor Christopher Waller said Thursday in comments ...
    01/16/2025 - 5:54 am | View Link
  • US inflation likely remained sticky-high last month, threatening interest rate cuts
    U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much ...
    01/14/2025 - 8:01 pm | View Link
  • Inflation Sped Up in December, a Fresh Challenge for the Fed
    Source: Bureau of Labor Statistics By The New York Times By Ben Casselman Consumer prices rose more quickly in December, the latest sign that the Federal Reserve’s fight against inflation may ...
    01/14/2025 - 11:04 am | View Link
  • Powell led the Fed’s fight against inflation. It’s not over yet — and it could get even harder
    Inflation is now well below the 40-year highs ... The Fed’s main tool is its key interest rate, which influences borrowing costs across the economy. That tool is used to guide the economy ...
    12/22/2024 - 9:00 pm | View Link
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