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    Ticker: American Airlines is changing its rules about pets; Powell stated that the Fed wants to wait for 'more positive inflation data' before it can lower rates

    By Bijoy DanielMarch 29, 2024 Business 2 Mins Read
    – 202403AP24089729440042
    FILE - An American Airlines grounds crew unloads a dog from the cargo area of an arriving flight, Aug. 1, 2012, at John F. Kennedy International Airport in New York. American Airlines is relaxing part of its pet policy to let owners bring their companion and a full-size carry-on bag into the cabin. (AP Photo/Mary Altaffer, File)
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    American Airlines is updating its policy to allow passengers to bring their pet and a full-size carry-on bag into the cabin.

    Previously, passengers could only have one small item along with their pet when paying the $150 fee to bring it into the cabin.

    If passengers wanted to bring a bigger item like a carry-on with wheels, they had to pay a $35 fee to check it, or put the pet in the cargo hold.

    Now, passengers can bring their pet along with either a regular carry-on bag or a personal item, but not both bags.

    Some pet owners found the old policy unfair since they were already paying a fee to bring their pet.

    Powell stated that the Fed wants to see 'more positive inflation data' before it can lower rates

    Federal Reserve Chair Jerome Powell reiterated that the Fed will only be ready to cut interest rates when it sees 'more positive inflation data' and becomes more confident that annual price increases are approaching the 2% target.

    Powell, speaking at a conference at the Federal Reserve Bank of San Francisco, still expects inflation to reach 2% but wants further evidence before considering rate cuts for the first time since inflation peaked two years ago.

    Ticker
    Bijoy Daniel

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