US Inflation Slows in January but Remains Above Fed’s Target
US inflation slightly eased in January with the PCE Price Index at 2.5%, but remains above the Fed’s 2% target. Consumers expect 3.5% inflation in the next decade.
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Fed Chair Powell Signals Possible Rate Cut as Inflation Eases
Federal Reserve Chair Jerome Powell addresses the Jackson Hole symposium, hinting at a potential interest rate cut in September as inflation approaches the Fed’s target.
Fed Maintains High Rates, Straining Global Economies
The Fed’s decision to keep interest rates high continues to strain the global economy, weakening currencies and increasing debt burdens in emerging markets.