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Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
WJXT Jacksonville· 6 days agoHopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of...
Chief economist defies Fed’s hawkish pivot; no rate hikes this year despite ‘dramatic turnaround’
Fortune via Yahoo Finance· 5 days agoHousing “still is quite a significant risk, that it could put upward pressure on inflation over the...
Best CD rates today: Level up your short-term savings goals at more than 5% APY — June 3, 2024
AOL· 16 hours agoResponding to inflation concerns, Federal Reserve Chair Jerome Powell said on May 15 that while he...
Key Fed Inflation Rate Revised Lower As GDP Growth Slides; S&P 500 Trims Losses
Investor's Business Daily· 5 days agoMost of the hit came from a bigger decline in goods purchases, which fell 1.9% vs. the initial 0.4%...
Cleveland Fed taps new chief
The Hill· 5 days agoStarting Aug. 21, Hammack will succeed Loretta Mester, who steps down June 30. First Vice President Mark Meder will serve as the interim president. “It...
Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
WKMG ClickOrlando· 6 days agoHopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of...
Top CDs Today, June 3, 2024 - Leading 18-Month Rate Falls
Investopedia· 6 hours agoTo combat decades-high inflation, the Federal Reserve aggressively hiked the federal funds rate between March 2022 and July 2023, raising the benchmark rate to its highest level in 22 years.
Fed’s favorite inflation metric shows signs of slowing in April
Deseret News via Yahoo Finance· 3 days agoU.S. inflation is still on the rise, but a report released Friday shows that the rate of price...
Cleveland Fed Names Former Goldman Sachs Executive Beth Hammack to Succeed Mester as President
US News & World Report· 6 days agoHammack, a former executive at investment bank Goldman Sachs, would be its next president effective Aug. 21. Hammack was named a partner in 2010. Hammack's appointment comes at a critical moment ...
How Long Will Interest Rates Stay High?
GoBankingRates via AOL· 2 days agoThe average rate could reach 5.5% in 2026. The reduction predicted for this year will depend on whether the Federal Reserve reduces the federal funds...