Finance

Watch Fed Chair Powell speak live to business leaders in the Dallas area

Products You May Like

[The stream is slated to start at 3 p.m. ET. Please refresh the page if you do not see a player above at that time.]

Federal Reserve Chair Jerome Powell speaks Thursday to business leaders in the Dallas-Fort Worth area on monetary policy. Powell is delivering a speech followed by a Q-and-A session.

The appearance comes one week after policymakers again voted to lower their key interest rate by a quarter percentage point, or 25 basis points. That followed a half-point cut in September and left the federal funds rate in a range between 4.5% and 4.75%.

Economic readings this week, however, showed that inflation has proven sticky, with consumer price inflation at 2.6% and prices at the wholesale level at 2.4%. The measures are considerably higher for core inflation, which excludes food and energy costs.

Markets expect the Fed to cut again in December then likely skip the January meeting as officials assess the effect of the policy-easing moves so far.

Read more:
Annual inflation rate hit 2.6% in October, meeting expectations

Powell and the Fed won’t be able to avoid talking about Trump forever
Here’s why inflation may look like it’s easing but is still a huge problem

Subscribe to CNBC on YouTube. 

Products You May Like

Articles You May Like

What dismantling the Department of Education could mean for colleges, student loans and college access
Moderna beats on revenue but loses more than expected as it scales down manufacturing
Unilever sales just miss expectations; Ben & Jerry’s ice cream unit heads for triple listing
CVS shares are up 45% this year — here’s why it may be starting to turn its business around
What Your Tax Return Can Teach You For Next Year

Leave a Reply

Your email address will not be published. Required fields are marked *