News from Federal Reserve
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Donald TrumpIn a startling revelation, reports from CNBC, citing The Wall Street Journal, indicate that former President Donald Trump and his advisors are contemplating a seismic overhaul of the Federal Reserve. Notably, the plan, outlined in a confidential 10-page document, proposes unprecedented influence for Trump over the central bank’s operations, potentially including the removal of Fed Chair Jerome Powell. Donald Trump Threatens Fed’s Autonomy The co…See the Story
Trump Advisors Seeks To Diminish Fed's Liberty; Jerome Powell's Chair On Stake?
Federal Reserve · SchengenBy Anna Cooban, CNN London (CNN) — Inflation may have tumbled from multi-decade highs on both sides of the Atlantic, but progress has stalled in the United States, with the Federal Reserve now expected to start cutting interest rates well after its European counterpart. Annual US inflation, as measured by the Fed’s preferred gauge, the Personal Consumption Expenditures index, came in at 2.7% in March, accelerating from 2.5% in February. The Fed …See the Story
Europe is beating inflation. Why can’t America declare victory?
Coverage: 2 sources
Inflation · Costa RicaUS inflation resumed its upward trend in March, reaching 2.7% year-on-year, compared to 2.5% in February, but remained stable month-on-month at 0.3%, according to the PCE index (preferred by the Federal Reserve (Fed), released on Friday. The Department of Commerce's US report also noted that household incomes showed stronger growth in March than in February, 0.5% compared to 0.3%. However, spending growth was 0.8%, the same as the previous month…See the Story
Inflation in the United States rises again in March and reduces the likelihood of a reduction in rates
Federal Reserve · United StatesInflation picked up slightly in March as Americans saw their paychecks rise and kept up a sturdy pace of spending, according to data released Friday by the Commerce Department. The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred gauge of inflation, rose 0.3 percent in March and 2.7 percent over the past year. The monthly inflation rate held firm, as economists expected, while the annual inflation rate ticked …See the Story
Inflation ticked higher in March as incomes, spending rose
Coverage: 2 sources
Inflation · United StatesUS inflation rose moderately in March, but that is unlikely to change financial markets' expectations that the Federal Reserve will hold off cutting interest rates until September.See the Story
US inflation rises in line with expectations in March
100% Center coverage: 1 sources
Joe BidenWASHINGTON (AP) — An inflation gauge closely tracked by the Federal Reserve shows price pressures remain elevated. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. The post An inflation gauge closely tracked by the Federal Reserve shows price pressures remain elevated appeared first on KOB.com.See the Story
An inflation gauge closely tracked by the Federal Reserve shows price pressures remain elevated
80% Left coverage: 5 sources