Fed official offers candid words on inflation, interest rate cuts in 2025
Fed bank presidents focus first on their districts, not the entire United States. 🎁 Buy 1 Year and Get 1 Year FREE on TheStreet Pro. Act now before it's gone ⏰ Consider Tom Barkin, president of the Federal Reserve Bank of Richmond.
The Fed Is Unlikely To Cut Interest Rates In January Due To Inflation
The Federal Reserve cut interest rates by 0.25% on December 18 but an interest rate cut is unlikely when the Fed issues its next policy decision on January 29.
Inflation increased in November, complicating Fed's next rate decision
Core inflation -- a closely watched measure that strips out volatile food and energy prices -- increased 3.3% over the year ending in November, matching the previous month, the data showed. Food prices rose 2.4% in November compared to a year ago, matching the previous month and marking slower price increases than the overall inflation rate.
Barkin Says He Prefers Fed Keep Rates Restrictive for Longer
Federal Reserve Bank of Richmond President Tom Barkin said he believes the central bank’s current level of interest rates remains restrictive enough to lower inflation in 2025.
Fed policy may need to stay restrictive for longer due to inflation risk, Barkin says
The U.S. central bank's benchmark policy rate should stay restrictive until it is more certain that inflation is returning to its 2% target, Richmond Federal Reserve President Thomas Barkin said on Friday.
Fed's Barkin sees still-restrictive rates lowering inflation in 2025
Federal Reserve Bank of Richmond President Tom Barkin judged that interest rates remain sufficiently restrictive to further lower inflation in 2025, he said on Friday. “Inflation is not yet back to target,
Fed’s Barkin sees risk that inflation pressures reemerge
Richmond Fed President Tom Barkin said Friday his outlook for the economy is positive, with continued growth and price-sensitive consumers helping lower inflation. But he quickly added that there is a more risk that inflation pressures pick up rather than subside.
Economic Outlook for 2025 Positive But Inflation Risks Persist, Richmond Fed's Barkin Says
Richmond Fed President Tom Barkin said Friday that his 2025 baseline expectation for the US economy is positive amid strong consumer spending, though there are risks on the inflation front. Last month,
Barkin Says Fed Doesn't Need to Be Nearly as Restrictive as It Was
Federal Reserve Bank of Richmond President Tom Barkin says he believes the central bank's current level of interest rates remains restrictive enough to lower inflation in 2025. He speaks during a Maryland Bankers Association event in Linthicum Heights,
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Here's What I Think the Fed Will Do With Interest Rates in 2025 -- And 2 Stocks That Could Be Winners
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Gold Holds Decline After Fed Officials Express Inflation Concern
Gold held a decline as comments from Federal Reserve officials over the weekend reinforced the view the US central bank will ...
The Fed’s Preferred Inflation Measure Sped Up in November
The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more ...
NYC residents slapped with congestion pricing ‘surcharge’ by fed-up companies paying new toll: ‘Hochul inflation’
Manhattan residents who live in Manhattan south of 60th Street can’t escape paying the new congestion toll — even if they don ...
Today's Mortgage Rates | Rates Should Go Down This Year as Long as Inflation Slows
These are today's mortgage and refinance rates. Mortgage rates are starting the year elevated, but they're expected to go ...
Trump policies will likely have ‘modest’ effect on inflation, Bernanke says
The economic policies outlined by the incoming Trump administration won’t cause a radical shift in inflation, former Federal ...