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Fed Chair Jerome Powell said the Trump administration’s tariff increases were “significantly larger than anticipated,” but ...
The central bank held steady on rates, keeping them at a range of 4.25% to 4.5%, but highlighted rising inflation risk.
The Federal Reserve chair once again refused to lower key interest rates as economic uncertainty around Trump's tariff scheme ...
Powell and other ... the founder of Inflation Insights, said in a client note. Inflation expectations had been increasing even before the bulk of Trump’s tariffs took effect.
WASHINGTON — The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of both higher ...
On Tuesday, it was reported that Chinese shipments of Apple's iPhone and mobile devices to the US fell to their lowest since ...
Powell did not focus ... consumption expenditures price inflation to have fallen to 2.2% -- a tepid reading but still likely not reflecting coming tariff-driven price increases.
At his May 7 press conference after the Fed opted to pause interest rates for a third straight meeting to open 2025, Powell said if increased tariffs are sustained they would likely spur a rise in ...
As inflation concerns mount, the Federal Reserve prepares for a critical meeting, balancing job growth signals against ...
Investors will be interested to hear Powell's thoughts on how tariffs are starting to leak into inflation ... investors should gain more insight into Trump's appetite for continuing his aggressive ...
Fed Chair Jerome Powell said that the current announced levels of tariffs could lead to a slowdown in economic growth and a potential rise in long-term inflation. "If the large increases in ...