INFL

Fed officials beat inflation drum; 50-basis-point rate hike 'reasonable' next month

Fed officials beat inflation drum; 50-basis-point rate hike ‘reasonable’ next month

Aug 3 (Reuters) – Federal Reserve officials on Wednesday again expressed their determination to rein in high inflation, though one noted that a half percentage point hike in the U.S. central bank’s key interest rate next month would could be enough to move towards that goal. “I go from the idea that 50 (basis points) …

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Fed's aggressive rate-hike path bolstered by new inflation, wage data

Fed’s aggressive rate-hike path bolstered by new inflation, wage data

Jul 29 (Reuters) – Federal Reserve Chairman Jerome Powell said this week that he is looking for convincing signs that inflation is cooling before the U.S. central bank decides. In data released on Friday, he largely found the opposite. Inflation in the Fed’s preferred measure, the personal consumption expenditures price index, jumped 6.8% in June, …

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Fed to unveil another big rate hike as signs of economic slowdown grow

Fed to unveil another big rate hike as signs of economic slowdown grow

U.S. Federal Reserve Chairman Jerome Powell answers questions during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., June 15, 2022. REUTERS/Elizabeth Frantz/File photo Sign up now for FREE unlimited access to Reuters.com Record WASHINGTON, Jul 27 (Reuters) – With the Federal Reserve expected to raise its …

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