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WASHINGTON — Federal Reserve Chair Jerome Powell cautioned April 16 that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year.

WASHINGTON — America’s employers in March added a sizzling 303,000 workers to their payrolls, bolstering hopes that the economy can vanquish inflation without succumbing to a recession.

WASHINGTON — A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease.

WASHINGTON — Federal Reserve officials kept their benchmark interest rate unchanged but signaled March 20 that they still expect to cut their key interest rate three times in 2024.

The Federal Reserve kept its key interest rate the same Dec. 13 for a third straight time, and officials signaled they expect to make three quarter-point cuts to the benchmark rate next year.

WASHINGTON — The Federal Reserve kept its key short-term interest rate unchanged Nov. 1 but left the door open to further rate hikes if inflation pressures should accelerate.

WASHINGTON — The Federal Reserve left its key interest rate unchanged Sept. 20 for the second time in its past three meetings, but also signaled it expects to raise rates once more this year.

The Federal Reserve said July 26 it no longer foresees a recession and raised its key interest rate by a quarter-point from roughly 5.1% to 5.3% — its highest level since 2001.

WASHINGTON — The Federal Reserve kept its key interest rate unchanged June 14 after having raised it 10 straight times to combat high inflation. 

WASHINGTON — A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high.