News list for " with inflation"
The Federal Reserve Bank of New York is likely to cut its interest rate target further as inflationary pressures continue to cool, its president said on Monday. "Monetary policy remains in restrictive territory to support a sustainable return of inflation to its 2 per cent objective," Mr. Williams said in a speech at a meeting of the Queens Chamber of Commerce in New York. Looking ahead, "I expect a continued shift to more neutral policy setting will be appropriate over time," Mr. Williams said.
Bitcoin is still in the doldrums, despite some gains in stock indexes as inflation moderates as expected. Stocks edged up after the personal consumption expenditures (PCE) price index data, with the Dow Jones Industries Average Index, Standard & Poor's 500 Index, and Nasdaq 100 up 0.23%, 0.39%, and 0.55%, respectively. In stark contrast, the price of Bitcoin fell below $61,000. Market participants have been closely monitoring the inflation data to...
