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Fed, Jerome Powell and tariffs

Reuters on MSN · 2d

Powell says Fed needs to manage against risk tariff inflation proves persistent

The Trump administration's tariff plans may well just cause a one-time jump in prices, but the risk it could cause more persistent inflation is large enough for the central bank to be careful in considering further rate cuts,

Bloomberg on MSN · 2d

Fed’s Powell Says Tariff-Driven Inflation Remains a Big Question

Federal Reserve Chair Jerome Powell on Wednesday said the US central bank is still struggling to determine the impact of tariffs on consumer prices.

The Wall Street Journal · 2d

Powell: Fed Must Consider Costs of Being Wrong on Inflation

Federal Reserve Chair Jerome Powell said the central bank is taking a more cautious approach to the effects of President Trump’s tariff increases than it did in 2019 because recent increases in tariff rates are much larger and because the economy is coming off a period of much higher inflation.

Fed’s Preferred Inflation Gauge Was Slightly Hotter

NBC New York · 16h

Core inflation rate rose to 2.7% in May, more than expected, Fed's preferred gauge shows

The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones consensus.

The New York Times · 11h

The Fed’s Preferred Inflation Gauge Was Slightly Hotter in May, as Spending Cooled

Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s tariffs.

Investopedia on MSN · 15h

The Fed's Preferred Inflation Gauge Was Higher Than Expected In May

Key Takeaways "Core" PCE inflation rose 2.7% over the year in May, higher than the 2.6% anticipated by forecasters.Officials at the Federal Reserve use core PCE prices to judge whether inflation is running at the 2% annual rate they target.

Gloomy Americans cut back on spending

Associated Press News on MSN · 11h

Gloomy Americans cut back on spending as inflation ticks higher

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back on their spending.

The Washington Post · 16h

Key inflation gauge rose last month while Americans cut back on spending

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back on their spending

CBS News on MSN · 13h

U.S. inflation ticked higher in May as consumers cut back on spending

New federal data showed that inflation edged up in May, but U.S. prices show only modest impact from U.S. tariffs.

15h

Semiannual Monetary Policy: Powell Tells Congress Why The Fed Won't Cut Rates Now

The Fed stays focused on inflation and employment, with no rate cuts expected soon. Check out my analysis on Fed policy and ...

6h

Trump Encourages Powell to Resign in Latest Attack on the Fed Chair

Jerome H. Powell, whose term does not expire until May, has argued that the central bank can afford to be patient about ...

Courthouse News Service6h

Nasdaq, S&P 500 set new highs despite wishy-washy inflation data

Two of the three major U.S. indices set new high points, even as inflation and consumer confidence data show mixed signals.

2d

Micron Earnings, More Powell Testimony, Inflation Data: Still to Come This Week

It's day two of Federal Reserve Chair Jerome Powell's testimony before Congress. The Fed’s preferred inflation gauge is due ...

3don MSN

Powell leaves door ajar to July rate cut, but an expected rise inflation is likely to keep the Fed sidelined

Federal Reserve chief Jerome Powell on Tuesday said a good case could be made for cutting interest rates soon, but he said ...

3don MSN

Powell emphasizes Fed's obligation to prevent 'ongoing inflation problem' despite Trump criticism

The cautious tones from Powell could further antagonize President Donald Trump, who has ramped up his long-standing criticism ...

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