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HARTFORD, Connecticut (Reuters) -Federal Reserve Bank of New York President John Williams said on Wednesday that future monetary policy actions will be driven by economic data as the central bank confronts a high level of uncertainty in large part driven by potential government policy changes. The official also took note of rising bond yields and said he did not see that as signaling a fundamental shift in investors' view on the inflation outlook. “Monetary policy is well positioned to keep the risks to our goals in balance” and “the path for monetary policy will depend on the data,” Williams said in a speech delivered to the CBIA Economic Summit and Outlook 2025 in Hartford, Connecticut.

ANNAPOLIS, Maryland (Reuters) -Federal Reserve officials said data released on Wednesday showed U.S. inflation was continuing to ease even as they noted heightened uncertainty in the coming months as they await a first glimpse of the incoming Trump administration's policies. The final read on the Consumer Price Index for 2024, closing out the Biden administration and its battle with a pandemic-related breakout of fast-rising prices, showed price increases excluding food and energy costs eased to 3.2% in December from 3.3% in the prior month. With the pace of housing inflation notably in decline, economists expect an upcoming report on the separate Personal Consumption Expenditures Price Index for December to be weak, perhaps even falling below the Fed's 2% target.

We cuts." Dec. 18, should also 2024 refrain from prejudging the incoming administration's future policies. Jan. 9, 2025 Austan Goolsbee, John Williams, Jeffrey Schmid, Chicago Fed New York Fed Kansas City Fed President, 2025 President, President, 2025 voter: "Is there permanent voter: "I am in evidence of voter: "While I favor of overheating of expect that adjusting policy the economy?

WASHINGTON (Reuters) -U.S. consumer prices increased by the most in nine months in December amid higher costs for energy goods, pointing to still-elevated inflation that aligns with the Federal Reserve's projections for fewer interest rate cuts this year. There were, however, some hopeful signs in the fight against inflation, with the report from the Labor Department on Wednesday showing a measure of underlying price pressures subsiding after barely budging for four straight months. A resilient economy, the threat of broad tariffs on imported goods and mass deportations of undocumented immigrants - actions that are deemed inflationary - have led the Fed to project a shallower rate-cut path this year.

Despite aggressive interest rate hikes by the Fed aimed at curbing inflation, the CPI's decline in yearly growth has been gradual and uneven. The post December inflation data puts future Fed cuts to bed appeared first on FreightWaves.

(Bloomberg) -- Federal Reserve Bank of Richmond President Tom Barkin said fresh data show continued progress on lowering inflation toward the central bank’s 2% goal, but that interest rates should remain restrictive.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesNYPD Reforms Car Chase Policy Amid Rising Crashes, InjuriesChurches, Cinemas — and Moon

U.S. inflation accelerated last month as prices for gas, eggs, and used cars rose, yet underlying price pressures also showed signs of easing, bolstering hopes that the Federal Reserve could still cut its key interest rate this year. The consumer price index rose 2.9% in December from a year ago, Wednesday’s report from the Labor Department showed, up from 2.7% in November.