Published 23 days ago

Biden says inflation report ‘may delay’ expected interest rate cut

Traders on Wall Street fear the Fed may delay interest rate cuts indefinitely, causing stock prices to fall and bond yields to rise.
Consumer prices rose 0.4% in March, higher than expected, possibly delaying rate cuts to September or even next year.
Despite a decline in inflation from its peak, many Americans blame Biden for high prices, complicating claims of progress.

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CNBC

Trump slams Biden for ‘raging' inflation after hotter-than-expected March price report

Trump regularly attacks Biden’s economy as it remains a top voter issue in the 2024 election.

23 days ago·United States

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The Hill

Biden says inflation report ‘may delay’ expected interest rate cut

President Biden on Wednesday said that the March report on inflation, which ticked higher, may delay an expected interest rate cut from the Federal Reserve. Biden last month predicted the Federal Reserve will cut interest rates, a move that could give the president a boost ahead of November’s election while he campaigns on his work…

23 days ago·Washington, United States

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MarketWatch

Biden says he still sees rate cut before year’s end

President Joe Biden on Wednesday said he still expects an interest rate cut by the Federal Reserve before the year is out, when he was asked about today’s hotter-than-expected inflation report and his prior prediction on a cut. Speaking at a joint news conference with Japan’s prime minister, Biden

23 days ago·United States

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SIC Notícias

Biden admits that interest rate cuts could be delayed

The American president expects the Federal Reserve to cut rates “before the end of the year”.

23 days ago

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n-tv.de

Stock exchanges yield: US inflation rate rises unexpectedly - DAX shrinks

For the second time in a row, inflation in the USA has risen surprisingly significantly. The inflation rate is now 3.5 percent compared to the previous year. In light of this news, the indices on the European stock exchanges are turning negative. An interest rate cut in June is becoming increasingly unlikely.

23 days ago

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