Next Fed rate hike shouldn't come until 2% inflation, Fed chief says - Business Insider

and signaled it would pause adjustments to sustain the current level of growth. The pause in rate cuts led analysts to speculate whether the Fed would begin shifting its rate higher.

"That's not a commitment to cut rates, that's not a commitment to hold forever, it's simply saying we're not going to raise rates prematurely," he said. Core inflation last stood at 1.7% in September. October's reading is scheduled for release on November 13. The metric hasn't reached its 2% target since December 2018.continues to sit near a 50-year low

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Next recession: Crash warning signs include 'mother of all bubbles' - Business InsiderOne market expert breaks down why the 'mother of all bubbles' is unlike anything investors have ever seen — and lays out additional evidence that a crisis is approaching
Source: BusinessInsider - 🏆 729. / 51 Read more »