{"id":616319,"date":"2024-04-10T21:20:22","date_gmt":"2024-04-10T18:20:22","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/biden-says-inflation-report-may-delay-expected-interest-rate-cut\/"},"modified":"2024-04-10T21:20:22","modified_gmt":"2024-04-10T18:20:22","slug":"biden-says-inflation-report-may-delay-expected-interest-rate-cut","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/biden-says-inflation-report-may-delay-expected-interest-rate-cut\/","title":{"rendered":"#Biden says inflation report \u2018may delay\u2019 expected interest rate cut"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2024\/04\/AP24101643800076-e1712772830149.jpg?w=900\" \/><\/p>\n<div>\n<p>President Biden on Wednesday said that the March report on inflation, which ticked higher, may delay an expected interest rate cut from the Federal Reserve.<\/p>\n<p>Biden last month predicted the Federal Reserve will cut interest rates, a move that could give the president a boost ahead of November\u2019s election while he campaigns on his work to improve the economy and combat inflation. <\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\"><\/aside>\n<p>He said on Wednesday, during a press conference with Japanese Prime Minister Fumio Kishida, that he\u2019s sticking with his prediction of a cut before year\u2019s end, but there could be a delay.<\/p>\n<p>\u201cThis may delay it a month or so, I\u2019m not sure of that. We don\u2019t know what the Fed is going to do for certain,\u201d Biden said.<\/p>\n<p>\u201cBut look, we have dramatically reduced inflation from 9 percent down to close to 3 percent. We\u2019re in a situation where we\u2019re better situated than we were when we took office, where inflation was skyrocketing,\u201d he added.<\/p>\n<p>He stressed that he has a plan to deal with inflation and hit at Republicans for having a plan that he argues would cut taxes for the wealthy and raise taxes for other Americans.<\/p>\n<p>\u201cI think they have no plan. Our plan is one I think is still sustainable,\u201d Biden said.<\/p>\n<p>The consumer price index (CPI), a popular measure of inflation,\u00a0rose 0.4 percent last month\u00a0and 3.5 percent annually, according to Labor Department data released earlier on Wednesday. The rise is in line with economists\u2019 projections and follows February and January reports that showed hotter than expected inflation, with consumer prices rising to 3.2 percent and 3.1 percent, respectively.<\/p>\n<aside class=\"ad-unit ad-unit--mr2_ab\"><\/aside>\n<p>The Federal Reserve opted to\u00a0hold interest rates steady\u00a0last month, and investors on Wednesday predicted the March inflation data could keep the Fed away from cutting rates through the first half of the year. When the Federal Reserve held rates steady, Chairman Jerome Powell said at the time that the slight uptick in inflation hasn\u2019t \u201creally changed the overall story.\u201d<\/p>\n<p>Biden, during remarks at a March campaign event in Philadelphia, made his prediction about more cuts. <\/p>\n<p>\u201cI can\u2019t guarantee it, but I\u2019ll bet you \u2013 I\u2019ll bet you those rates come down more because I bet you that that little outfit that sets interest rates is going to come down,\u201d he said.<\/p>\n<\/div>\n<p>Copyright 2024 Nexstar <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Media<\/a> Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thehill.com\/homenews\/administration\/4585927-biden-inflation-interest-rate-cut\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Biden on Wednesday said that the March report on inflation, which ticked higher, may delay an expected interest rate cut from the Federal Reserve. Biden last month predicted the Federal Reserve will cut interest rates, a move that could give the president a boost ahead of November\u2019s election while he campaigns on his work&#8230;<\/p>\n","protected":false},"author":1,"featured_media":616320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2024\/04\/AP24101643800076-e1712772830149.jpg?w=1280","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[134344,135369,134343,10574,70550,90482,12156,133498,70551,124783],"class_list":["post-616319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-administration","tag-biden-administration","tag-campaign","tag-education","tag-federal-reserve","tag-house","tag-housing","tag-in-the-know","tag-inflation","tag-international"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/616319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=616319"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/616319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/616320"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=616319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=616319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=616319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}