A hot January inflation report likely confirmed investors' beliefs that higher rates are here to stay.
With the latest U.S. inflation report coming in hotter than expected to start the year, are Fed interest rate cuts still on ...
Federal Reserve Governors Michelle Bowman and Christopher Waller said the Fed was focused on getting inflation down to 2% ...
Bank of America CEO Brian Moynihan has reportedly said the Federal Reserve is unlikely to cut rates this year as consumer ...
Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, said inflation trends had taken interest-rate cuts off the table.
Inflation slowed through much of last year – falling as low as 2.4% from a 40-year high of 9.1% in mid-2022 – but it has remained stubbornly high since fall. The cost of services such as car insurance ...