Fed chair Jerome Powell even went on to say that policymakers' year-end projection for inflation had "fallen apart" into the end of 2024. Following such messaging, today's soft core PCE deflator ...

Economic data, including lower jobless claims and upwardly revised GDP growth, supported the Fed's outlook. U.S. stocks ended little changed on Thursday, giving up an initial rebound from a sharp drop ...

Investing.com -- Investors now are expecting even fewer rate cuts than the Fed's hawkish forward guidance seen earlier this week, suggesting the end could be near for rate cuts. "Market pricing ...

This is lower than the four estimated during the September FOMC meeting and would bring rates close to 3.9% by 2025-end. Fed chairman Jerome Powell said, “The slower pace of cuts for next year ...

Economic data was in sync with the Fed's view, with weekly initial jobless ... and see less than two cuts in total by the end of the year, compared with last week's expectations of three rate ...

Fed Chair Jerome Powell said the latest rate cut was “a closer call,” adding that recent inflation readings were “the single biggest factor” on officials’ minds during the meeting.

While the stock market has been in a rut for more than a week, Wall Street’s woes deepened Wednesday after the Fed released economic projections that showed signs of slipping progress in the ...

Powell addressed the issue during a Dec. 19 press conference, emphasizing that the Fed is not pursuing any legislative changes to alter this position. "We’re not allowed to own Bitcoin.