VIEW Cooling Jan. inflation keeps Fed easing in play
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Trump, New York Fed and America
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January’s jobs data, released on Wednesday, bolstered expectations that the Federal Reserve will hold interest rates steady for longer than previously expected.
By Gertrude Chavez-Dreyfuss NEW YORK, Feb 13 (Reuters) - U.S. interest rate futures on Friday raised odds of rate cuts by the Federal Reserve in June after a report that showed inflation rose less than expected in January.
Gold rebounded on Friday as investors digested U.S. inflation figures for guidance on interest rate direction after jobs data lowered rate cut expectations.
GOP Sen. Thom Tillis of North Carolina says he won't support the confirmation of any Fed nominee until the Justice Dept.'s investigation into chairman Jerome Powell is resolved.
What would need to happen for the Federal Reserve to raise U.S. interest rates? If economic factors were the sole consideration, the answer would likely be "not much at all".
An unusually busy week of economic data in the US sent conflicting signals for the Federal Reserve.
President Trump and top White House officials are ramping up pressure on the Federal Reserve to cut interest rates after two surprisingly strong economic reports. Data released by the Labor Department on Friday showed inflation falling below economist expectations in January,
Chicago Fed president Austan Goolsbee said after January's inflation data that further progress is needed before the Fed cuts rates again.