Craig Torres
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Fed Minutes Show Several Saw Case For Cutting Rates In July
Several Federal Reserve officials acknowledged there was a plausible case for cutting interest rates at their July 30-31 meeting before the central bank’s policy committee voted unanimously to keep them steady.
- Wednesday August 21, 2024
- Author: Craig Torres
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Powell Flags Rising Risks To Jobs While Avoiding Rate-Cut Timing
Speaking to lawmakers Tuesday, Powell was careful not to offer a timeline for interest-rate cuts, which investors are now betting will begin in September.
- Wednesday July 10, 2024
- Author: Amara Omeokwe, Craig Torres
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Powell Welcomes Recent Data But Fed Needs More Confidence To Cut
Federal Reserve Chair Jerome Powell said the latest economic data suggest inflation is getting back on a downward path, but added officials would like to see more evidence before lowering interest rates.
- Tuesday July 2, 2024
- Author: Craig Torres
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Fed Flags Lack of Inflation Progress But Signals Hikes Unlikely
The Federal Reserve signaled fresh concerns about inflation as it reaffirmed it needs more evidence that price gains are cooling before cutting interest rates from a two-decade high.
- Tuesday May 7, 2024
- Author: Craig Torres
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Fed Flags Lack of Inflation Progress But Signals Hikes Unlikely
The Federal Reserve signaled fresh concerns about inflation as it reaffirmed it needs more evidence that price gains are cooling before cutting interest rates from a two-decade high.
- Tuesday May 7, 2024
- Author: Craig Torres
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U.S. Fed Favors Reducing Monthly Asset Runoff Pace By Roughly Half
Federal Reserve policymakers “generally favored” slowing the pace at which they’re shrinking the central bank’s asset portfolio by roughly half, minutes from their latest gathering showed.
- Thursday April 11, 2024
- Author: Craig Torres
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U.S. Fed Favors Reducing Monthly Asset Runoff Pace By Roughly Half
Federal Reserve policymakers “generally favored” slowing the pace at which they’re shrinking the central bank’s asset portfolio by roughly half, minutes from their latest gathering showed.
- Thursday April 11, 2024
- Author: Craig Torres
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Fed Officials Emphasise Data To Guide Pace Of Interest-Rate Cuts
Three Federal Reserve officials said the pace of interest-rate cuts will depend on incoming economic data, suggesting the path to lower borrowing costs may look different than in previous rate-cutting cycles.
- Thursday February 29, 2024
- Author: Alexandra Harris, Steve Matthews, Craig Torres
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Fed’s Barr Says He Supports Powell’s Careful Approach To Rate Cuts
Powell has said the Fed needs more confidence that inflation is on track to return to their target.
- Thursday February 15, 2024
- Author: Craig Torres, Katanga Johnson
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Lingering Inflation Risks Keep Fed Officials In Wait-And-See Mode On Rate Cuts
The Federal Reserve entered 2024 within spitting distance of its inflation goal. But that’s not quite close enough for policymakers.
- Wednesday February 14, 2024
- Author: Craig Torres
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Fed Has Time To Be Patient On Cutting Interest Rates, Barkin Says
Federal Reserve Bank of Richmond President Thomas Barkin reiterated policymakers have time to be patient about the timing of rate cuts, pointing to a strong labor market and continued disinflation.
- Thursday February 8, 2024
- Author: Craig Torres
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Fed Has Time To Be Patient On Cutting Interest Rates, Barkin Says
Federal Reserve Bank of Richmond President Thomas Barkin reiterated policymakers have time to be patient about the timing of rate cuts, pointing to a strong labor market and continued disinflation.
- Thursday February 8, 2024
- Author: Craig Torres
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U.S. Fed Officials Signal Wariness To Cut Rates Too Soon, Despite Inflation Progress
Three Fed officials suggested Wednesday they don’t see an urgent case for lowering interest rates, adding to a roster of policymakers in recent days who made clear a cut isn’t likely until May at the earliest.
- Wednesday February 7, 2024
- Author: Craig Torres, Christopher Anstey, Catarina Saraiva
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U.S. Fed Officials Signal Wariness To Cut Rates Too Soon, Despite Inflation Progress
Three Fed officials suggested Wednesday they don’t see an urgent case for lowering interest rates, adding to a roster of policymakers in recent days who made clear a cut isn’t likely until May at the earliest.
- Wednesday February 7, 2024
- Author: Craig Torres, Christopher Anstey, Catarina Saraiva
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Powell Tells ‘60 Minutes’ Fed Is Wary Of Cutting Rates Too Soon
Federal Reserve Chair Jerome Powell said Americans may have to wait beyond March for the central bank to cut interest rates as officials look for more economic data to confirm that inflation is headed down to 2%.
- Monday February 5, 2024
- Author: Craig Torres