Fed officials call for 'gradual' and 'modest' rate cuts | Uncertainties over jobs and inflation

Fed officials call for 'gradual' and 'modest' rate cuts

Snippet of Article: "...Three Federal Reserve officials reiterated Monday that they see the central bank moving gradually to lower rates, giving the Fed time to assess any uncertainties associated with the job market and inflation. ..."

Source: finance.yahoo.com

Uncertainties of the Harris - Biden Economy, Inflation Rise, Job Losses,The Harris - Biden Years,2024,Federal Reserve,

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Federal Reserve: There is no need to adjust interest rates in the short term and the task of lowering inflation has not yet been completed

Snippet of Article: "...latest U.S. Consumer Price Index (CPI) data released on Wednesday, which showed a 0.4% increase in month-on-month inflation and a 3.5% rise compared to the previous year. Core CPI, which excludes volatile food and energy prices, also saw an increase of 0.4% month-on-month and 3.8% year-on-year. These figures exceeded market expectations and underscored the challenge faced by the Fed in managing inflationary pressures. The overall inflation rate of 3.5% is the highest level since ..."

Source: www.breakinglatest.news

Inflation,2024,Federal Reserve,Interest Rates,The Biden Years,Consumer Price Index (CPI),CPI,

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Federal Reserve believes we need more interest rate hikes

Snippet of Article: "Bowman’s position is resolute: the solution may well involve elevating interest rates and maintaining them at a more stringent level. ...data stream continues to show lackluster progress towards achieving the 2% inflation goal, Bowman has signaled her inclination to endorse an interest rate increase in the foreseeable future...."

Source: www.cryptopolitan.com

Inflation,Interest Rates,Federal Reserve,

Federal Reserve to launch instant payment service 'FedNow' (A Fee Service)

Snippet of Article: "The instant payment network will settle payments in seconds, with the capability to support consumer-to-consumer, consumer-to-merchant, merchant-to-merchant, and bank-to-bank transactions. "With the FedNow Service, the Federal Reserve is creating a leading-edge payments system ...we urge financial institutions and their industry partners to move full steam ahead with preparations to join the FedNow Service...You Can Download: FedNow Service Readiness Guide (Off-site) ...FedNow Service 2023 Fee Schedule"

Source: www.aol.com

FedNow, Federal Reserve, Instant Payment Service (Federal Reserve), Cash vs Cyber-Money, Currency vs Electronic Money Control,