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    REUTERS/ANN SAPHIR
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    Fed's Waller Says US "Within Striking Distance" of Inflation Goal

    The U.S. is "within striking distance" of the Federal Reserve's 2% inflation goal, but the central bank should not rush to cut its benchmark interest rate until it is clear lower inflation will be sustained, Fed Governor Christopher Waller said.


     

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    Fed Minutes Show Officials Agreed on Restrictive Stance
    Federal Reserve participants "viewed the policy rate as likely at or near its peak for this tightening cycle,” according to the minutes of the Dec. 12-13 Federal Open Market Committee meeting. Kailey Leinz reports.
    Jan 03, 2024

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