In June, consumer prices ticked up 0.3 percent from May and rose at a 2.6-percent annual rate, according to the Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred measure of inflation.
Tag: U.S. Federal Reserve
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FED BOARD REDUCES BANKS’ CASH RESERVE REQUIREMENT
The largest U.S. banks will be allowed to keep less cash on hand as a reserve against bad loans after a five-to-two ruling last week by the U.S. Federal Reserve’s Board of Governors.
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DOLLAR FALLS TO LOWEST VALUE IN THREE YEARS
On 26 June, the dollar touched its lowest value in three years against an assortment of the world’s other major currencies.
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TOP TREND 2025, WILD CARD: BANK OF ENGLAND HOLDS INTEREST RATE STEADY
The day after the U.S. Federal Reserve decided to keep its interest rates where they are, the Bank of England (BoE) did the same, holding its policy rate at 4.25 percent.
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FED FREEZES INTEREST RATES AMID TRADE WAR UNCERTAINTY
On 18 June, the U.S. Federal Reserve’s Open Market Committee held its policy interest rates steady at 4.25 percent for deposits and 4.50 percent for loans. The decision to do so was unanimous, notes from the meeting showed.
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IS OFFICIAL U.S. INFLATION DATA STILL ACCURATE?
Last week, the U.S. Bureau of Labor Statistics (BLS) told a group of economists that a federal hiring freeze had left it unable to contact the usual number of businesses it uses to monitor price changes.
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FED’S BEIGE BOOK TAKES ON A DARKER SHADE
The U.S. Federal Reserve’s latest Beige Book, a collection of anecdotes and snapshots of business conditions around the country, shows flat hiring, rising costs, and a contraction in the U.S. economy. “Economic activity has declined slightly since the previous report,” which was released on 23 April, the central bank said in a statement. ......
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IN MEETING WITH POWELL, TRUMP AGAIN PRESSES FOR LOWER INTEREST RATES
Donald Trump and Jerome Powell, chair of the U.S. Federal Reserve, met for about 30 minutes on 29 May at Trump’s invitation, the White House press office said.
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INFLATION FALLS TO 2.1 PERCENT, VIRTUALLY MATCHING FED’S TARGET
The U.S. Federal Reserve’s favorite measure of inflation showed prices rose at a 2.1-percent annual rate in April, next door to the Fed’s long-held 2-percent target rate.
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U.S. DOLLAR’S VALUE DROPS AGAINST OTHER WORLD CURRENCIES
Last week, the U.S. dollar’s value declined the most in any week since Donald Trump’s 2 April “Liberation Day” tariff announcement.
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