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Inflation down, rate cuts on horizon
Gold dips on firm dollar, inflation data sparks caution on Fed rate cuts
Gold prices edged lower on Thursday as the U.S. dollar strengthened, while investors assessed a flurry of economic data showing stubbornly strong U.S. inflation, suggesting the Federal Reserve might tread cautiously on further interest rate cuts.
Are the Fed's Rate Cuts Over Now That Inflation Is Rising Again?
October's Consumer Price Index (CPI), which measures changes in the cost of consumer goods and services, showed that annual inflation rose by 2.6%. That's not an alarmingly high rate of inflation. It's also only a modest uptick from September's CPI reading, which measured annual inflation at 2.4%.
Fed Minutes Signal More Caution on Cuts if Inflation Progress Stalls
Federal Reserve officials discussed potentially slowing down or pausing interest-rate cuts if progress on lowering inflation stalled out when they met earlier this month. Officials thought that if the economy performed in line with their expectations that inflation would continue to decline steadily,
1d
Fed minutes may show start of debate over how far to go on rate cuts
Powell just a week after the meeting said the economy was "not sending any signals that we need to be in a hurry to lower ...
1d
on MSN
Fed Leaning Toward ‘Gradual’ Future Interest Rate Cuts
The Fed has lowered interest rates by a total of 75 basis points over its last two meetings, but further rate cuts may be ...
1d
Fed Kept Options Open on Rate Cuts, Minutes Show
The account of the central bank’s Nov. 6-7 meeting, released on Tuesday, showed that Fed officials still planned to cut ...
1d
Fed cites volatility, uncertainty as reasons to go slow on rate cuts
Federal Reserve officials appeared divided at their meeting earlier this month over how much farther they may need to cut ...
1d
on MSN
Federal Reserve officials signal cautious path for rate cuts amid still-high inflation
With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates ...
Bloomberg L.P.
1d
Fed Minutes Show Officials Prefer Future Rate Cuts to Be Gradual
Federal Reserve officials indicated broad support for a careful approach to future interest-
rate
cuts
as the economy ...
15h
on MSN
Fed’s preferred inflation gauge ticked higher to 2.8% — stoking doubts on December rate cut
The latest inflation data will likely reinforce the central bank’s cautious approach when it meets to decide on cutting ...
CNN on MSN
13d
Fed’s Powell: Rate cuts are still underway, but there’s no hurry
Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested ...
2d
Fed’s Goolsbee Argues for Rate Cuts Barring Signs of Overheating
Federal Reserve Bank of Chicago President Austan Goolsbee said he foresees the central bank continuing to lower rates toward ...
2d
on MSN
Russell 2000 hits record high on Trump policy, Fed rate-cut optimism
The Russell 2000 index tracking small cap companies in the U.S. hit a record high on Monday, boosted by expectations of tax ...
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Related topics
inflation
Gold
dollar
Neel Kashkari
Deutsche Bank
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