Fed's Barr: Inflation to Rise, Could Be Persistent
Higher import levies will put upward pressure on prices that may not prove temporary, Federal Reserve Governor Michael Barr said on Tuesday in remarks that suggest he is in no rush to cut interest rates despite what he called "gradual, albeit uneven" progress toward 2%...
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Fed's Williams Sees Slower Growth, Higher Inflation
Federal Reserve Bank of New York President John Williams expects slower growth and higher inflation this year due in large part to trade tariffs, in comments that suggested he is in no rush to cut interest rates.
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Fed's Kashkari: Central Bank in Wait-and-See Mode
Minneapolis Federal Reserve Bank President Neel Kashkari Tuesday said that while recent inflation readings suggest disinflation is underway, the central bank is taking its time to get more clarity on whether tariffs will change that, and by how much.
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Les Borsai to Newsmax: GENIUS Act Will Benefit US Economy
The burgeoning crypto industry scored a major win in Washington, D.C., last week with the passage of the GENIUS Act, which could bring stablecoins and digital currency mainstream, and Les Borsai, the co-founder of Wave Digital Assets, told Newsmax...
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US Consumer Confidence Deteriorates in June
U.S. consumer confidence unexpectedly deteriorated in June as households worried about business conditions and employment prospects over the next six months.
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Fed's Hammack: No Imminent Need to Cut Interest Rates
Federal Reserve Bank of Cleveland President Beth Hammack said Tuesday she sees no pressing need to cut interest rates when there's still a lot of uncertainty what trade tariffs will do to inflation, which is still above the central bank's 2% inflation target.
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