CHRISTOPHER RUGABER
Latest Articles
Prices Rise 3.4 Percent in April, an Improvement From March, as Inflation Lingers Far Above Fed’s Target
Elevated inflation readings are dimming hopes that the worst bout of inflation in four decades is being rapidly tamed.
Fed’s Powell Downplays Potential for a Rate Hike Despite Higher Price Pressures
With price pressures still elevated, Mr. Powell and other Fed officials signal that no rate cut is likely anytime soon.
Wholesale Prices Jump 2.2 Percent in April, Signaling Fed’s Difficulty in Taming Stubborn Inflation
Inflation is running above the central bank’s target of 2 percent, putting in doubt whether interest rates will be cut at all this year.
Fed’s Preferred Inflation Gauge Rises 2.7 Percent, as Elevated Price Pressures Weigh on Biden’s Re-Election Bid
Prices for food, rent, gas, and other necessities are running roughly 20 percent to 30 percent higher than they were four years ago, souring many Americans on the economy.
Elevated Inflation Will Likely Delay Interest Rate Cuts This Year, Federal Reserve Chairman Says
Powell’s comments suggest that the central bank will likely carry out fewer than the three quarter-point reductions its officials had forecast for this year.
Inflation Up in March by 3.5 Percent, as Elevated Price Pressures Put Fed’s Rate Cut Schedule in Doubt
The figures will likely disappoint the White House, as Republican critics of President Biden pin the blame for high prices on the president and use it as a cudgel to derail his re-election bid.
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