Mar 25, 2024
The Fed kept its policy rate steady in a range of 5.25%-5.5% and made no major changes to its policy statement. The committee also maintained its forecast for three rate cuts this year. Beneath the surface, though, several important messages emerged from the press...
Mar 4, 2024
Based on the Federal Reserve’s preferred PCE gauge, inflation rose in January at the fastest pace in four months, in a sign that price pressures might not return to low prepandemic levels as quickly as hoped. The PCE index rose 0.3% last month. Meanwhile,...
