By CHRISTOPHER RUGABER WASHINGTON — Federal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation. Now, it’s the health of the job market that’s starting to draw their concern. With inflation cooling toward its 2% target, the pace of hiring slowing and the unemployment rate edging up, the Fed is poised to cut its benchmark interest rate next month from its 23-year high.
Powell May Use Jackson Hole Speech To Hint At How Fast And How Far The Fed Could Cut Rates
The Associated Press, Denver Post: Business
Mon, 08/19/2024 - 6:36pm
Topics: christopher rugaber washington federal reserve chair jerome powell wyoming economists tom porcelli pgim fixed income wall street december raphael bostic fed s atlanta the associated press july i ve both bostic austan goolsbee fed s chicago related articles metro denver home colorado our jackson hole matthew luzzetti deutsche bank economy now i fed federal reserve powell powell jackson hole fed s i u.s sept november bostic bostic economy denver denver speech fast cut rates years year target labor data cuts months month branch benchmark government shows consumer slowdown markets steps job set conference central market week
BING NEWS:
- Fed chief may use Jackson Hole speech to hint at rate cuts
With inflation cooling toward its 2 percent target, the pace of hiring slowing and the unemployment rate edging up, the Fed is poised to cut its benchmark interest rate next month from its 23-year ...
08/21/2024 - 1:00 pm | View Link - Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
Chair Jerome Powell will likely provide some hints about how the Fed sees the economy and what its next steps may be in a high-profile speech Friday in Jackson Hole, Wyoming, at the Fed's annual ...
08/20/2024 - 2:47 am | View Link - How fast and how far could the Fed cut rates? Powell may give hint during Friday speech
How fast it may cut rates after that ... some hints about how the Fed sees the economy and what its next steps may be in a high-profile speech Friday in Jackson Hole, Wyoming, at the Fed ...
08/20/2024 - 2:34 am | View Link - Powell may use Jackson Hole speech to hint at how fast, how far Fed could cut rates
How fast it may cut rates after that ... some hints about how the Fed sees the economy and what its next steps may be in a high-profile speech Friday in Jackson Hole, Wyoming, at the Fed's ...
08/20/2024 - 2:16 am | View Link - More
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