Tag: Powell, Jerome H

Federal Reserve Officials See Rates Staying High

The era of ultralow interest rates may be over. At the very least, policymakers don’t expect the type of low borrowing costs that prevailed before the pandemic to return anytime soon. The Federal Reserve decided this week to leave interest rates unchanged at their highest level in two decades, and left the door open to […]

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$100 Oil Could Scramble the Fed’s Efforts to Ease Inflation

What rising oil prices mean for the Fed Crude oil has slipped below the 10-month high it hit on Tuesday. But analysts say the monthslong rally that has sent prices close to $100 a barrel isn’t over, posing a big risk for global growth and complicating central bankers’ efforts to tame inflation. Expect Jay Powell […]

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What to Watch at the Fed’s September Meeting

Federal Reserve officials are expected to leave interest rates unchanged at their meeting on Wednesday, buying themselves more time to assess whether borrowing costs are high enough to weigh down the economy and wrestle inflation under control. But investors are likely to focus less on what policymakers do on Wednesday and more on what they […]

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Inflation Sped Up as Gas Prices Rose

Federal Reserve officials are likely to remain wary about the outlook for inflation following a report released Wednesday: Overall price increases sped up because of a pop in gas prices in August, and a more closely watched index that strips out volatile food and fuel prices climbed at a faster monthly pace than expected. The […]

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