US Fed signals slower rate hikes as inflation softens

US Fed signals slower rate hikes as inflation softens
Fed chair Jerome Powell is closely watching services prices. (Image: Getty)
Bloomberg
The US Federal Reserve (the Fed) is on track to downshift to smaller interest rate increases following a further cooling in US inflation, though it’s likely to keep hiking until price pressures show more definitive signs of slowing.Philadelphia Fed president Patrick Harker, speaking yesterday shortly after the US Labor department’s release of consumer price data, said rate hikes of a quarter percentage point “will be appropriate going forward”, following bigger increases throughout most of last year.Harker’s commen...

More Bloomberg

Firm wants to make purchasing cannabis super easy
Retail

Firm wants to make purchasing cannabis super easy

Verano invites shoppers to grab a basket and get their pot direct off the shelf.

Bloomberg 29 Jun 2025
Iran-Israel conflict spreads to hacks on banks, crypto
Bloomberg

Iran-Israel conflict spreads to hacks on banks, crypto

Pro-Israel hackers announced a new breach targeting an Iranian crypto exchange.

Bloomberg 19 Jun 2025
Here are the 10 best hotels in the world
The Life

Here are the 10 best hotels in the world

Its top 10 list consists entirely of tied scores for the top prize.

Bloomberg 15 Jun 2025
Afghan refugees should be treated same as South Africans
Bloomberg Opinion

Afghan refugees should be treated same as South Africans

The greater outrage is the suspension of a refugee programme that is so badly needed.

Bloomberg 17 May 2025