Inflation Keeps Prospects of a Fed Rate Cut Low
Warsh’s first meeting as chair of the Federal Reserve.Share full articleThe Federal Reserve building in Washington. “Core” inflation, which strips out volatile food and energy items, saw more muted gains, ticking up just 0.2 percent in May or 2.9 percent compared with the same time last year.Officials at the Fed expected inflation to surge because of the war in Iran, which began in February. If people start to question whether inflation is going to eventually be low and stable again, that would make it far more difficult for the Fed to stamp out price pressures.
- ▪Warsh’s first meeting as chair of the Federal Reserve.Share full articleThe Federal Reserve building in Washington.
- ▪“Core” inflation, which strips out volatile food and energy items, saw more muted gains, ticking up just 0.2 percent in May or 2.9 percent compared with the same time last year.Officials at the Fed expected inflation to surge because of the
- ▪If people start to question whether inflation is going to eventually be low and stable again, that would make it far more difficult for the Fed to stamp out price pressures.
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| Original publisher | NYT > Business |
| Canonical URL | https://www.nytimes.com/2026/06/10/business/economy/inflation-federal-reserve-interest-rates.html |
| Publication time | Wed, 10 Jun 2026 18:47:53 +0000 |
| Retrieval time | 2026-06-10T20:03:29.940Z |
| Last seen | 2026-06-10T20:03:29.940Z |
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#masthead-section-label, #masthead-bar-one { display: none }War in the Middle EastU.S.-Iran TalksIsrael-Lebanon AgreementStrait of HormuzAdvertisementSKIP ADVERTISEMENTSupported bySKIP ADVERTISEMENTInflation Keeps Prospects of a Fed Rate Cut LowThe Consumer Price Index is one of the last major data releases ahead of Kevin M. Warsh’s first meeting as chair of the Federal Reserve.Share full articleThe Federal Reserve building in Washington. The central bank is expected to hold rates steady for the foreseeable future.Credit...Anna Rose Layden for The New York TimesBy Colby SmithColby Smith covers the Federal Reserve.June 10, 2026 !function(){var e="gps_module_impressions",s="gps_suppress_module",t=new…
Excerpt limited to ~120 words for fair-use compliance. The full article is at NYT > Business.
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