Published 3 months ago

US Economy News Today: Fed Officials Still Need More Proof Inflation Is On Its Way Out

Summary by Ground News

Federal Reserve Governor Lisa Cook said she still needs to see more data before agreeing to reduce interest rates. Minnesota Federal Reserve Bank President Neel Kashkari said a lot of consumers still feel prices are too high. Sales for existing homes were up 3.1% from December to a seasonally-adjusted annual rate of 4 million, its highest since August.

0 Articles

All

Left

Center

Right

Investopedia

US Economy News Today: Fed Officials Still Need More Proof Inflation Is On Its Way Out

Today, a slew of Federal Reserve officials gave some insight into how the Open Markets Committee is thinking about recent inflation data but no further insight into the timing of rate cuts.

3 months ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.