![]() ![]() (Updates with more Bostic comment from fifth paragraph. While the Fed targets a different yardstick of annual price movements - the personal consumption expenditures gauge - all measures are running at more than double its 2% target pace. Excluding food and energy, the so-called core inflation rate also moderated. Prices climbed 4.9% from a year earlier in April, consumer price index data released Wednesday showed, the first sub-5% reading in two years. “All of those suggest that there’s still going be upward pressure on prices. Consumers have been really resilient in terms of their spending and labor markets remain extremely tight,” he said. What we’ve seen is that inflation has been persistently high. on the next meet- ing, I would like for you to bring to our next meeting. “If I had a bias between going up and going down as our next action, I would say we might have to go up. The staffs of the Treasury, the Federal Reserve, and the Council of Economic. But he also suggested that the next move may be more likely to be up than down, given the persistence of price pressures. The Federal Open Market Committee raised rates by a quarter percentage point at a meeting earlier this month, bringing its benchmark to a target range of 5% to 5.25% and signaling it may be ready to pause its tightening cycle at the next meeting in June.īostic made clear that he now favors putting policy on hold to see the impact of aggressive Fed tightening since last year, with the economy also facing headwinds from tighter credit amid banking strains. Washington, DC CNN The Federal Reserve approved a half-point interest rate hike on Wednesday, a smaller increase than in recent months and an acknowledgment that inflation is finally easing. The Fed's last meeting was from March 21 to 22, when it raised the interest rate by a quarter percentage. And so that’s a long distance still to go.” The next Federal Reserve meeting is scheduled for Tuesday, May 2 to Wednesday, May 3, 2023. Reserve Bank presidents.1 It has eight regularly scheduled meetings each. “If you look at most measures of inflation, they’re still two times where our target is. The Federal Open Market Committee is a branch of the Federal Reserve System. Don't you think that would be the courteous thing to do. “My baseline case is we won’t really be thinking about cutting until well into 2024,” Bostic said Monday in an interview on CNBC. Federal Reserve will likely hold rates steady at 5 to 5.25 when they next meet on June 13-14, with some small chance of a another hike. Well, I don't know whether we will take it up at the next meeting. More half point increases were on the table for the next couple of meetings, he said. It is updated as needed with additional news releases, usually at least a week before their scheduled publication date.(Bloomberg) - Federal Reserve Bank of Atlanta President Raphael Bostic pushed back against bets in financial markets that the central bank will cut interest rates this year and cautioned against taking further hikes off the table if inflation doesn’t cool. The BLS calendar contains publication dates for most news releases scheduled to be issued by the BLS national office in upcoming months. The Federal Reserve approved its 10th interest rate increase in just a little over a year and dropped a tentative hint that the current tightening cycle is at an end. The calendar will not update automatically in those applications. NOTE: We do not recommend using this online calendar with Outlook 2003 or older versions. Copy and paste the URL address into your calendar.Instructions for Google Calendar, Mozilla, and Evolution Users:.Simply click on this link: webcal://(Note: Link may seem to be broken if you do not have Outlook or Apple iCal installed.).Powell announced another interest rate hike on. Instructions for Outlook and Apple iCal Users: 05:38 - Source: CNN Washington, DC CNN The Federal Reserve voted unanimously to raise interest rates by a quarter point Wednesday, the tenth rate hike since the central bank started its. Federal Reserve Chair Jerome Powell attends a meeting of the International Monetary and Financial Committee in Washington, DC, on Oct. In March, the Fed forecast that it would raise its key rate by another quarter point to a range of 5 to 5.25 and then halt the inflation-fighting effort, which has hoisted the benchmark rate from.See details below for users of different types of calendars. If you use a recent version of an electronic calendar, you may be able to subscribe to the BLS Online Calendar. Online calendar subscription - automatically updated: ![]()
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