Primary Country (Mandatory)

United States

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
English
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
English
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
CNN
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
AajTak
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
Long Sleeve Sweater for Men Buy Now
10" Android Tablet Buy Now
Lee Extreme Motion Pants Buy Now
SAMSUNG Galaxy Tab S6 Lite 10.4 Buy Now
Lee Women's Ultra Lux Comfort Jeans Buy Now
Augusta Women's Wayfarer Shorts Buy Now
Wide Leg Yoga Pants with Pockets Buy Now
3-in-1 Charger for iPhone, AirPods, Apple Watch Buy Now
Men's Manicure & Pedicure Kit Buy Now
GoPro HERO13 Black: 5.3K Action Camera Buy Now
Womens Baggy Boyfriend Jeans Buy Now
OQQ Women's 2 Piece Skirts Buy Now
Rectangular Polarized Sports Sunglasses Buy Now
Summer Vacation Resort Maxi Dresses Buy Now
Crystal Accented Bracelet Watch Buy Now
Fashion Wallet Chain Buy Now
Lee Men's Regular Fit Straight Leg Jean Buy Now
Men's Blazer Casual Sport Coats Buy Now
LISEN 69W Retractable USB C Car Charger Buy Now
Roswear Women's Bermuda Shorts Buy Now
MoreBack to News Headlines
Jerome Powell urges patience on rate cuts after key inflation index higher than expected

Jerome Powell urges patience on rate cuts after key inflation index higher than expected

NY Post
Tuesday, May 14, 2024 8:47 PM GMT

Federal Reserve Chair Jerome Powell admitted Tuesday inflation was falling more slowly than expected after a key gauge exceeded analysts’ estimates.

The Producer Price Index (PPI), which measures prices at the wholesale level, increased by 0.5% last month, topping the 0.3% forecast by Dow Jones — and signaling continued pressure on consumers.

Powell said the Fed will likely have to keep decades-high interest rates at current levels for longer than initially hoped during the annual general meeting of the Foreign Bankers’ Association in Amsterdam.

“I expect that inflation will move back down … on a monthly basis to levels that were more like the lower readings that we were having last year,” Powell said.

However, he said “my confidence in that is not as high as it was” given faster than expected inflation through the first three months of the year.

“We did not expect this to be a smooth road. But these [inflation readings] were higher than I think anybody expected,” Powell said.

Read full story on NY Post
Share this story on:-
Run 3 Space | Play Space Running GamePlay Run 3, the ultimate space tunnel running game with 300+ challenging levels!Adv.
Traffic Jam 3D | Online Racing GameTraffic Jam 3D is a game where you’ll be driving through heavy traffic.Adv.
Duck Hunt | Play Old Classic GamePlay the classic 1984 light gun shooter game Duck Hunt on your browser.Adv.
More Related News
Parking Slot | Free Parking GamePlay Parking Slot, the best online 3D car driving and parking game.Adv.
Slope Ball Run - Play OnlineSlope Game takes you on an exciting journey of a ball on special paths.Adv.
© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us