U.S. inflation data in the coming week could test the nerves of stock investors and further inflame worries about rising Treasury yields and uncertainty over Donald Trump's policy plans.
Federal Reserve Governor Michelle Bowman said she sees lingering inflation risks and that policymakers should proceed cautiously with further interest-rate cuts.
U.S. stocks are sinking on worries that Friday’s good news on the job market may be too good and prove to be bad for Wall Street by keeping inflation and interest rates high.
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Top Federal Reserve officials — including Chair Jerome Powell — are increasingly pointing to an obscure price gauge as a reason to maintain confidence in their outlook: “market-based” inflation.
The recent rise in long-term interest rates reflects higher risk premiums as opposed to concerns about inflation, Federal Reserve Bank of Richmond President Thomas Barkin said.
Participants for the most part favored slowing the pace of rate cuts, after approving a 0.25% reduction last month, the third of the year and which, combined, brought interest rates down 1%. The Federal Reserve's committee's next meeting is scheduled for Jan. 28-29.
Inflation has cooled considerably since peaking in June 2022, but the annual rate remains above the Federal Reserve's goal of 2%. Fed officials and economists expect inflation to stay above the central bank's target level in 2025. Economists say that the tariffs that President-elect Donald Trump has pledged to implement could drive up prices.
Collins, in prepared remarks for an event Thursday in Boston, said the economy was in a “good place,” but noted that progress on cooling inflation will likely be slower this year than previously anticipated.
Bitcoin is down Wednesday, but didn't move much after the Federal Reserve hinted it would be slow to cut interest rates this year.
These are today's mortgage and refinance rates. Mortgage rates are flat, but incoming job market and inflation data could push them up or down.
U.S. inflation data in the coming week could test the nerves of stock investors and further inflame worries about rising Treasury yields and uncertainty over Donald Trump's policy plans. After back-to-back standout years,
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