(Reuters) -Traders on Wednesday kept bets on Federal Reserve rate cuts this year after Fed Chair Jerome Powell said the U.S. central bank is well-positioned to wait for greater clarity before ...

The consumer price index fell in March, but President Donald Trump’s tariff agenda and the specter of a global trade war threaten to reverse progress.

First, it's tasked with keeping inflation under control, which means ensuring the Consumer Price Index ... rate. If inflation or the jobs market deviate from where they should be, the Fed adjusts ...

Traders of futures that settle to the Fed policy rate now see the Fed waiting until June to start to interest-rate cuts, and to deliver just 75 basis points of reductions over the course of the year.

Powell’s comments reduced the likelihood of a Fed rate cut in June ... The US dollar weakened further, with the Dollar Index closing below 99 for the first time since March 2022.

Fed policymakers are likely to continue holding ... The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) on a "core" basis rose 2.8%, a deceleration ...

Minneapolis Fed President Neel Kashkari and Boston Fed President Susan Collins have suggested a higher bar for any rate cuts, given how tariffs might impact the public's views on inflation.

If that was a relief to markets -- major indexes rose 6% or more and investors cut the expected number of Fed rate cuts this year to 3 from 4 -- it highlighted the very uncertainty the minutes cited.

For Collins to support a rate cut, she would need to see that long-term inflation expectations are well anchored. She noted that "one of the very important assets the Fed has is its credibility.” ...