Chair Jerome Powell put it plainly: The central bank's year-end inflation projection has "kind of fallen apart."
Officials now see it taking much longer for inflation to reach their 2% target, which they have missed for nearly four years. As a result, they dialed back expectations for rate cuts next year, and Powell made clear that any adjustments will hinge on further progress in cooling price increases.
Denne historien er fra December 20, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 20, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Retrospective on first year back
THERE'S NO SHORTAGE OF DOWNSIDE RISKS FOR 2025, BUT DON'T EXPECT SUPPORTERS TO TURN ON HIM
Surjewala accuses BJP govt of using ED to protect Amit Shah
CONGRESS GENERAL SECRETARY and Karnataka in-charge Randeep Singh Surjewala on Friday termed the ED release on MUDA site allotment scam as the BJP government's diversion tactics to protect Union home minister Amit Shah.
Awestruck and awesome
THULASIMATHI MURUGESAN'S PARENTS wanted to raise their hands over their heads to clap when she received the Arjuna award from the President of India at the Rashtrapati Bhavan on Friday.
Indian companies ready to take on Tesla: Jindal
DOMESTIC ELECTRIC VEHICLE (EV) manufacturers are well-prepared to compete with global players such as Tesla, Sajjan Jindal, chairman and managing director of JSW Group, said on Friday.
Kejriwal opposes ED's request to adjourn plea against his bail
Former Delhi Chief Minister and AAP convener Arvind Kejriwal on Friday \"vehemently\" opposed in the high court the ED's request to adjourn its plea on cancelling his bail in the Delhi excise policy case.
Review portfolio at every major life event
Your investment style should evolve as your circumstances change
Rupee depreciation hurting pharma sector as input costs rise
THE DEPRECIATING RUPEE is taking a toll on the pharma sector with an expected rise in the cost of imported raw materials.
BMW Launches India-made EV
INDIA'S SECOND-LARGEST LUXURY carmaker BMW launched the made-in-India X1 Long Wheelbase at the Auto Expo on Friday.
Foreign flows into India bonds to fall short on rupee slump, US yields surge
FOREIGN INFLOWS THAT were expected into Indian government bonds over the next two-and-a-half months will fall short of expectations, stymied by a currency that is repeatedly hitting lifetime lows and Treasury yields that are hovering at multi-month highs, investors said.
Closely monitoring prices, says govt
Inflation in negative zone since July last year
