The S&P 500 fell 0.5%, about where it was before the 2 p.m. Fed announcement. The 10-year Treasury is at 4.56%, up a fraction ...

Fed Chairman Powell says the central bank wasn't sending a negative message by ditching a line about making progress on lowering inflation in its latest statement. "We just did a little bit of ...

The figures arrive just two days after Federal Reserve officials, led by Chair Jerome Powell, decided to pause their interest rate cuts in part because inflation has largely been stuck at about 2. ...

Powell says he is confident, noting that inflation has gradually cooled. But he notes policy is “meaningfully less restrictive than it was before we began to cut.” Jan. 29, 2025, 2:40 p.m. ET ...

14:51 EST Powell says ‘we seem to be set up’ for further progress on inflation Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news.

Short-term Treasury yields fell slightly after Federal Reserve Chair Jerome Powell downplayed a language change in the Fed's policy statement. Asked about a change to the policy statement that removed ...

15:06 EST Powell says Fed doesn’t need to be at 2% inflation target to cut rates again Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news.

Fed Hold Rates Steady, Sees Inflation as 'Elevated,' as Powell Declines Comment on Trump WASHINGTON (AP) — The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting ...

Noting that inflation is still above the Fed's 2% goal while the economy and job market are strong, Fed Chair Jerome Powell told reporters Wednesday, We don't need to be in a hurry to adjust ...

Asked about a change to the policy statement that removed prior verbiage about progress on inflation, Powell said "this was not meant to send a signal," other than that the Fed remains committed ...

Both a healthier job market and more stubborn inflation typically would imply fewer Fed rate cuts in the coming months. In a news conference Wednesday, Fed Chair Jerome Powell largely deflected ...