Fed, now” Waller and Interest Rates
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A Federal Reserve governor seen as a candidate to succeed Chair Jerome Powell laid out his strongest case yet for a rate cut this month, aligning himself with President Trump's demands that the central bank lower interest rates.
San Francisco Federal Reserve President Mary Daly reiterated on Thursday it is "reasonable" to expect two interest rate cuts before the end of this year, particularly with the impact of President Donald Trump's tariffs looking more muted than originally expected.
Strategas' Dan Clifton and New Century's Claudia Sahm, joins 'The Exchange' to discuss the Fed, rate cuts and market reaction to the latest headlines between Trump and Fed Chair Powell.
The inflation gauge the Federal Reserve relies on most to decide whether to raise or lower U.S. interest rates is likely to cement a decision by the central bank to stand pat at its next meeting at the end of July.
President Trump has been very vocal about wanting Federal Reserve Chairman Jerome Powell to cut rates. But Yardeni Research president Ed Yardeni doesn't think the central bank should cut at all this year.
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The Bureau of Labor Statistics reported that the consumer price index (CPI), a popular inflation gauge, increased in June to 2.7% on an annual basis as prices rose for consumers.
Some investors had clung to a bit of hope that the Federal Reserve would cut interest rates at its next meeting on July 30. Tuesday's report on inflation brought the chances of that down even further.
If you're thinking about tapping your home's equity, make sure you understand what could happen with rates soon.
The Fed building renovations at the center of Trump's fight with Powell: Five things to know The spiraling cost of the Federal Reserve's years-long renovation of two historic buildings in Washington,