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Apr 21 2024
News
March’s PCE Inflation Expected To Support Later Interest Rate Cuts
Personal Consumption Expenditures inflation data for March is expected to confirm a lack of disinflationary progress for 2024 so far. This recent trend has caused the U.S. Federal Reserve to downplay expectations for interest rate cuts in the coming months. March PCE inflation will be reported at 8:30am E.T. on April 26. The monthly reading is expected to come in at 0.32%, and 0.30% on a core
ForbesApr 13 2024
News
Elevated Inflation Data Expected To Delay Interest Rate Cuts
Lack of improving inflation data from Q1 2024 is expected to delay a potential first interest rate cut from the Federal Open Market Committee until at least July and perhaps later. Monthly Consumer Price Index data for January, February and March signaled that the path to achieving the FOMC’s 2% annual inflation goal is not going to be straightforward. That’s because headline CPI has increased
ForbesApr 17 2024
News
The U.S. may be entering a new era of persistently high interest rates
We may or may not be entering a new era in which interest rates and inflation are persistently higher than in the recent past. But if we are experiencing such a shift, it would look a lot like what we're seeing right now. Why it matters: Major shifts in the economic landscape typically don't happen overnight, but rather in fits and starts — as a period of discovery that something important has
AxiosApr 20 2024
News
Interest rates to stay 'higher for longer,' Huntington CEO Steve Steinour says
Huntington Bancshares' top executive is not looking for interest rates to drop anytime soon. Credit inflation that has been stickier than expected along with continued solid economic growth for keeping rates higher than many had predicted even just a few months ago, said Steve Steinour, Huntington's chairman, president and CEO. "It's a function in part that the economy is doing better than
The Columbus DispatchApr 11 2024
News
European Central Bank holds interest rates, hints at cut ahead
Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, March 7, 2024. The European Central Bank on Thursday held interest rates steady for a fifth straight meeting, as anticipation builds for rate cuts in June. "If the Governing Council's updated assessment of the inflation outlook, the dynamics of underlying
CNBCApr 11 2024
News
ECB Holds Interest Rates and Firms Path to First Cut in June
The European Central Bank held interest rates steady for a fifth meeting, while sending its clearest signal yet that cooling inflation will soon allow it to commence cuts.
The deposit rate was left at a record-high 4%, as overwhelmingly predicted by a Bloomberg poll in which only one of 62 economists saw a decrease. But the Governing Council added wording to its accompanying statement
BloombergApr 16 2024
News
The sobering message from the Fed: Interest rate cuts aren’t coming soon
Federal Reserve officials signaled a more sober tone this week, emphasizing that they’re in no rush to cut interest rate cuts this year. On Tuesday, Fed Chair Jerome H. Powell laid out his case for why borrowing costs could stay higher for longer than the central bank expected just a few weeks ago. Since the start of the year, Powell and his colleagues had said they are looking for more
Washington PostApr 08 2024
News
The Dow waits for a big inflation report with interest rate cuts in limbo
The Dow Jones Industrial Average and the other major U.S. stock indexes started the week in neutral on Monday, with investors keeping a close eye on inflation data later in the week. The latest Consumer Price Index report will be released Wednesday and is expected to be a major factor in whether or not the Federal Reserve cuts interest rates later this year. The Dow was up 53 points, or 0.1%,
Quartz