Powell: Fed 'working hard' on affordability. Will a rate cut help? [USA TODAY]
Principal Financial Group Inc (PFG)
Last principal financial group inc earnings: 4/27 04:15 pm
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Source: USA TODAY
WASHINGTON ? With consumers focused on affordability heading into the holiday season, Federal Reserve Chair Jerome Powell said he hears Americans' concerns over high costs “loud and clear.” Still, it was a divided Federal Open Market Committee that to its benchmark federal funds rate to a range of 3.5% to 3.75%. It's a move aimed at preventing further cooling in the labor market. However, lower borrowing costs could encourage more spending, raising demand, and, potentially, prices. “Affordability” has become the watchword of the moment, and serving as the centerpiece of President 's he kicked off Dec. 9. Persistent fears about affordability shape day-to-day decisions for many, research suggests. from the progressive think tank , found some Americans are skipping medical care and meals, as well as dipping into savings to cover essentials. Powell, speaking during a news conference after the central bank's two-day meeting, said consumers are facing “really high” costs and said the
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PFG
News
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- Principal® Recognized as Best Place to Work in Money Management by Pensions & Investments for 14th Consecutive YearBusiness Wire
PFG
Earnings
- 10/27/25 - Miss
PFG
Sec Filings
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- 12/10/25 - Form 144
- PFG's page on the SEC website