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Today — 15 November 2024Main stream

Fed Chair Jerome Powell Says No Need to ‘Hurry’ to Cut Rates

✇NYT | Top Stories
By: Jeanna Smialek
15 November 2024 at 04:00
A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank chair said.

© Will Oliver/EPA, via Shutterstock

Jerome Powell, chair of the Federal Reserve, said moderating inflation and a strong economy can allow the central bank to take its time in reducing borrowing costs.
Before yesterdayMain stream

U.S. Inflation Ticks Up to 2.6% in October, as Fed Considers Rate Cut

✇NYT | Top Stories
By: Jeanna Smialek
14 November 2024 at 03:07
Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.

© Philip Cheung for The New York Times

While the latest inflation data was in line with what forecasters had expected, that was in part because apparel prices dropped sharply, a likely one-off.
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