The December 2024 economic projections from the central bank show significant changes from the September figures. They indicate rising inflation and potential impact.

Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly after.

The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ushering in its first rate reduction in four years.

It should embrace clear monetary-policy rules and explain its reasoning for departing from them.

An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. Friday’s report from the Commerce Department showed that prices rose just 0.

Inflation just hit a five-month high in November and asset prices are smashing records. The Federal Reserve has been communicating its ambition to stamp out inflation for over two years and yet it’s about to cut interest rates as prices continue to move in the wrong direction.

More importantly, inflation is also proving stubborn. Some argue that the Fed should be willing to tolerate (even if only implicitly, rather than explicitly) inflation being a bit higher for a bit longer than it theoretically should. Mohamed A. El-Erian over on Bloomberg Opinion explains this “3% inflation target” view here.

The Federal Reserve's policymakers announced that they will cut the benchmark federal funds rate by a quarter point in December, marking the central bank's third straight cut.

Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting.

Such high rates on credit and savings won't last forever. If the Federal Reserve is successful in bringing inflation down, it might decide to begin lowering the federal funds rate at some point ...

The Federal Reserve is likely to continue lowering interest rates, but the trend may not last in the new year.

Federal Reserve's Preferred Inflation Gauge Shows Price Pressures Eased Last Month WASHINGTON (AP) — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a ...