Fed, inflation and interest rates
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Amidst a slight cooling in economic activity, inflation has been making decent progress towards the 2% target. Click to read.
Central bank benchmark borrowing costs are now more than 2 percentage points lower in Europe than the US, a divide that has caught the attention of President Trump.
The consumer price index increased 0.1% for the month of May, lower than economists' predictions, with the annual rate reaching 2.4%.
Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China.
President Donald Trump has repeatedly demanded the Federal Reserve slash interest rates. But Fed officials have stood pat, waiting to see how his administration’s sweeping policy changes affect the economy first.
Major equity indices, which had been hovering near all-time highs, pulled back as geopolitical risks surged back to the forefront.
Vice President Vance ripped the Federal Reserve and cited President Trump’s criticism of the central bank after prices rose at a slower than expected rate in May. In a Wednesday social media