INSIDER
Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
Read full article: Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertaintyThe Federal Reserve cut its key rate by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week.
Federal Reserve is set to cut rates again while facing a hazy post-election outlook
Read full article: Federal Reserve is set to cut rates again while facing a hazy post-election outlookNo one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year.
Fed Chair Powell says the US economy is in 'solid shape' with gradual rate cuts coming
Read full article: Fed Chair Powell says the US economy is in 'solid shape' with gradual rate cuts comingFederal Reserve Chair Jerome Powell has signaled that more rate cuts are in the pipeline, though their size and speed will depend on the evolution of the economy.
The Federal Reserve is finally lowering rates. Here's what consumers should know
Read full article: The Federal Reserve is finally lowering rates. Here's what consumers should knowThe Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.
Federal Reserve signals end to inflation fight with a sizable half-point rate cut
Read full article: Federal Reserve signals end to inflation fight with a sizable half-point rate cutThe Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for consumers.
Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates
Read full article: Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to ratesMost of the U.S. stock market edged lower after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates.
Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?
Read full article: Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it’s cutting its key interest rate from a two-decade peak.
Fed official broke ethics rules but didn't violate insider trading laws, probe finds
Read full article: Fed official broke ethics rules but didn't violate insider trading laws, probe findsA government investigation into Atlanta Federal Reserve President Raphael Bostic's securities trades and investments has found he violated several of the central bank's ethics policies.
The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering
Read full article: The Fed welcomes a 'soft landing' even if many Americans don't feel like cheeringWhen Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated.
Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near
Read full article: Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts nearAn inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years.
Fewer Americans file for jobless claims as US labor market continues to defy elevated interest rates
Read full article: Fewer Americans file for jobless claims as US labor market continues to defy elevated interest ratesThe number of Americans filing for unemployment benefits fell slightly last week as the U.S. labor market remains healthy in the face of high interest rates.
Takeaways from Fed Chair Powell's speech at Jackson Hole
Read full article: Takeaways from Fed Chair Powell's speech at Jackson HoleFederal Reserve Chair Jerome Powell all but proclaimed mission accomplished in the fight against inflation and signaled that interest rate cuts are coming in a much-anticipated speech in Jackson Hole, Wyoming.
Stock market today: Wall Street rallies near its record heights as 'time has come' for cuts to rates
Read full article: Stock market today: Wall Street rallies near its record heights as 'time has come' for cuts to ratesU.S. stocks rallied closer to their records after the head of the Federal Reserve finally said out loud what Wall Street has been expecting for a while: Cuts to interest rates are coming soon to help the economy.
Powell at Jackson Hole: 'The time has come' for the Fed to soon begin reducing interest rates
Read full article: Powell at Jackson Hole: 'The time has come' for the Fed to soon begin reducing interest ratesWith inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday.
Stock market today: Wall Street weakens ahead of a highly anticipated speech
Read full article: Stock market today: Wall Street weakens ahead of a highly anticipated speechU.S. stocks closed lower as Wall Street counted down to its main event for the week, a speech by Federal Reserve Chair Jerome Powell coming up on Friday.
Fed minutes: Most officials favored a rate cut in September if inflation continued to cool
Read full article: Fed minutes: Most officials favored a rate cut in September if inflation continued to coolMost Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting in September as long as inflation continued to cool.
Stock market today: Wall Street pulls closer to records after retailers top profit forecasts
Read full article: Stock market today: Wall Street pulls closer to records after retailers top profit forecastsU.S. stocks ticked higher after more big companies delivered profit reports that topped analysts’ expectations.
Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
Read full article: Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut ratesFederal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation.
The Fed's high rates spur fear of slowdown, yet recession signals have so far proved wrong
Read full article: The Fed's high rates spur fear of slowdown, yet recession signals have so far proved wrongThe turmoil shaking global financial markets reflects a sudden fear that the Federal Reserve may have held its key interest rate too high for too long, heightening the risk of a U.S. recession.
Stock market today: Dow drops 600 on weak jobs data as a global sell-off whips back to Wall Street
Read full article: Stock market today: Dow drops 600 on weak jobs data as a global sell-off whips back to Wall StreetStocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation.
Fed Chair Powell says September interest rate cut could be 'on the table' as inflation cools
Read full article: Fed Chair Powell says September interest rate cut could be 'on the table' as inflation coolsFederal Reserve Chair Jerome Powell has set the stage for the central bank’s first rate cut in four years.
Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut
Read full article: Fed's preferred inflation gauge cools, adding to likelihood of a September rate cutThe Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September.
Stock market today: Asian stocks are mixed after Dow sets a new record
Read full article: Stock market today: Asian stocks are mixed after Dow sets a new recordAsian stocks are mixed as investors grappled with weak economic data from China and waited to see the outcome of a top Communist Party policy meeting in Beijing.
Powell says Federal Reserve is more confident inflation is slowing to its target
Read full article: Powell says Federal Reserve is more confident inflation is slowing to its targetChair Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point.
Stock market today: Asian shares zoom higher, with Nikkei over 42,000 after Wall St sets new records
Read full article: Stock market today: Asian shares zoom higher, with Nikkei over 42,000 after Wall St sets new recordsAsian shares have carried on with the blistering rally on Wall Street, as Japan's Nikkei 225 index surged over 42,000 for the first time.
US inflation cools again, potentially paving way for Fed to cut interest rates soon
Read full article: US inflation cools again, potentially paving way for Fed to cut interest rates soonInflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve.
Powell stresses message that US job market is cooling, a possible signal of coming rate cut
Read full article: Powell stresses message that US job market is cooling, a possible signal of coming rate cutFederal Reserve Chair Jerome Powell reinforced a message that the Fed is paying growing attention to a slowing job market and not only to taming inflation, a shift that signals it’s likely to begin cutting interest rates soon.
Fed's Powell highlights slowing job market in signal that rate cuts may be nearing
Read full article: Fed's Powell highlights slowing job market in signal that rate cuts may be nearingThe Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony to Congress, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cutting interest rates.
Stock market today: Asian shares are mixed after Fed chair's comments give scant clues on rate cuts
Read full article: Stock market today: Asian shares are mixed after Fed chair's comments give scant clues on rate cutsShares are mixed in Asia after testimony from Federal Reserve Chair Jerome Powell in front of Congress provided little new guidance on when the U.S. central bank might lower interest rates.
Federal Reserve highlights its political independence as presidential campaign heats up
Read full article: Federal Reserve highlights its political independence as presidential campaign heats upThe Federal Reserve is highlighting the importance of its political independence at a time when Donald Trump, who frequently attacked the Fed’s policymaking in the past, edges closer to formally becoming the Republican nominee for president.
Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts
Read full article: Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cutsFederal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling.
Fed Chair Jerome Powell: US inflation is cooling again, though it isn't yet time to cut rates
Read full article: Fed Chair Jerome Powell: US inflation is cooling again, though it isn't yet time to cut ratesInflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said, while adding that more such evidence would be needed before the Fed would cut interest rates.
Federal Reserve sees some progress on inflation but envisions just one rate cut this year
Read full article: Federal Reserve sees some progress on inflation but envisions just one rate cut this yearFederal Reserve officials said inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year.
Inflation data this week could help determine Fed's timetable for rate cuts
Read full article: Inflation data this week could help determine Fed's timetable for rate cutsAfter Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts.
US hiring and wage growth picked up last month in sign of sustained economic health
Read full article: US hiring and wage growth picked up last month in sign of sustained economic healthAmerica’s employers added a strong 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates.
An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year
Read full article: An inflation gauge closely tracked by Federal Reserve rises at slowest pace this yearA price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year.
Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
Read full article: Inflation pressures lingering from pandemic are keeping Fed rate cuts on pauseHopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation.
Federal Reserve minutes: Policymakers saw a longer path to rate cuts
Read full article: Federal Reserve minutes: Policymakers saw a longer path to rate cutsAfter several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high.
US inflation eased last month in the first slowdown of 2024
Read full article: US inflation eased last month in the first slowdown of 2024Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team.
Fed's Powell downplays potential for a rate hike despite higher price pressures
Read full article: Fed's Powell downplays potential for a rate hike despite higher price pressuresFederal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again.
Stock market today: Asian markets follow Wall Street higher ahead of U.S. key inflation update
Read full article: Stock market today: Asian markets follow Wall Street higher ahead of U.S. key inflation updateAsian stocks have advanced after equities rose on Wall Street, with the Nasdaq composite hitting a record high.
Are US interest rates high enough to beat inflation? The Fed will take its time to find out
Read full article: Are US interest rates high enough to beat inflation? The Fed will take its time to find outThe sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year.
Stock market today: Asian markets follow Wall Street swings after Fed keeps interest rates high
Read full article: Stock market today: Asian markets follow Wall Street swings after Fed keeps interest rates highAsian markets are wobbling in early trading after U.S. stocks swung to a mixed finish with the Federal Reserve delaying cuts to interest rates.
Federal Reserve says interest rates will stay at two-decade high until inflation further cools
Read full article: Federal Reserve says interest rates will stay at two-decade high until inflation further coolsThe Federal Reserve emphasized that inflation has remained stubbornly high and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target.
Workers' paychecks grew faster in the first quarter, a possible concern for the Fed
Read full article: Workers' paychecks grew faster in the first quarter, a possible concern for the FedPay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve.
Stock market today: Asian shares mostly rise to start a week full of earnings, Fed meeting
Read full article: Stock market today: Asian shares mostly rise to start a week full of earnings, Fed meetingAsian shares are trading mostly higher as investors kept their eyes on potentially market-moving reports expected later this week.
Fed's preferred inflation gauge shows price pressures stayed elevated last month
Read full article: Fed's preferred inflation gauge shows price pressures stayed elevated last monthA measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
Fed's Powell: Elevated inflation will likely delay rate cuts this year
Read full article: Fed's Powell: Elevated inflation will likely delay rate cuts this yearFederal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.
A top Federal Reserve official opens door to keeping rates high for longer
Read full article: A top Federal Reserve official opens door to keeping rates high for longerFederal Reserve Vice Chair Philip Jefferson suggested that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation.
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Read full article: Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay highAsian shares are trading mixed after most U.S. stocks slipped on rising expectations interest rates may stay high for a while.
Federal Reserve minutes: Some officials highlighted worsening inflation last month
Read full article: Federal Reserve minutes: Some officials highlighted worsening inflation last monthSome Federal Reserve policymakers argued at their most recent meeting in March that inflation was likely worsening, even before the government reported Wednesday that price increases re-accelerated last month.
When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all
Read full article: When will Fed cut rates? As US economy flexes its muscles, maybe later or not at allEver since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, would-be homeowners — pretty much everyone — began obsessing over a single question: When will the Fed start cutting rates.
Powell: Fed still sees rate cuts this year; election timing won't affect decision
Read full article: Powell: Fed still sees rate cuts this year; election timing won't affect decisionFederal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February.
Powell says Fed wants to see 'more good inflation readings' before it can cut rates
Read full article: Powell says Fed wants to see 'more good inflation readings' before it can cut ratesFederal Reserve Chair Jerome Powell reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to do so until it sees “more good inflation readings’’ and is more confident that annual price increases are falling toward its 2% target.
Stock market today: Asian shares rise after Wall Street rallies to records
Read full article: Stock market today: Asian shares rise after Wall Street rallies to recordsAsian benchmarks are mostly higher after U.S. stocks rallied to records following the Federal Reserve's indication that it expects to deliver interest rate cuts later this year.
Federal Reserve still foresees 3 interest rate cuts this year despite bump in inflation
Read full article: Federal Reserve still foresees 3 interest rate cuts this year despite bump in inflationFederal Reserve officials signaled that they still expect to cut their key interest rate three times in 2024 despite signs that inflation remained elevated at the start of the year.
Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cuts
Read full article: Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cutsAcross the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates.
Europe's economy has stalled. But an interest rate cut will likely have to wait for summer
Read full article: Europe's economy has stalled. But an interest rate cut will likely have to wait for summerThe European Central Bank has left its key interest rate at a record high even though inflation is way down from its painful double-digit peak and the economy has stalled.
Fed's Powell: Rate cuts likely this year, but more evidence is needed that inflation is tamed
Read full article: Fed's Powell: Rate cuts likely this year, but more evidence is needed that inflation is tamedChair Jerome Powell reinforced his belief that the Federal Reserve will cut its key interest rate this year but said it first wants to see more evidence that inflation is falling sustainably back to the Fed’s 2% target.
Federal Reserve minutes: Officials worried that progress on inflation could stall in coming months
Read full article: Federal Reserve minutes: Officials worried that progress on inflation could stall in coming monthsFederal Reserve officials acknowledged at their most recent meeting in January that there had been “significant progress” in reducing inflation.
Wealth disparities by race grew during the pandemic, despite income gains, report shows
Read full article: Wealth disparities by race grew during the pandemic, despite income gains, report showsA strong performance in financial markets, particularly an outsize gain for the stock market in 2021, helped entrench existing trends of wealth inequality during the pandemic, new data released this week show.
CBO projects a $188 billion decrease in this year's federal budget deficit, but debt would then grow
Read full article: CBO projects a $188 billion decrease in this year's federal budget deficit, but debt would then growThe Congressional Budget Office says it expects the federal budget deficit to drop by $188 billion this fiscal year to $1.5 trillion.
Powell: Federal Reserve on track to cut rates this year with inflation slowing and economy healthy
Read full article: Powell: Federal Reserve on track to cut rates this year with inflation slowing and economy healthyChair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year, a move that’s expected to begin as early as May.
Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts
Read full article: Inflation has slowed. Now the Federal Reserve faces expectations for rate cutsChair Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low.
Federal Reserve minutes: Officials saw inflation cooling but were cautious about timing of rate cuts
Read full article: Federal Reserve minutes: Officials saw inflation cooling but were cautious about timing of rate cutsThe Federal Reserve’s policymakers concluded last month that inflationary pressures were easing and that the job market was cooling.
Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession
Read full article: Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recessionIt was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts.
Congressional Budget Office projects lower inflation and higher unemployment into 2025
Read full article: Congressional Budget Office projects lower inflation and higher unemployment into 2025The Congressional Budget Office says it expects inflation to nearly hit the Federal Reserve’s 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years.
Stock market today: Asian shares are mostly higher after the Dow hits a record high, US dollar falls
Read full article: Stock market today: Asian shares are mostly higher after the Dow hits a record high, US dollar fallsShares are mostly higher in Asia after a powerful rally across Wall Street sent the Dow Jones Industrial Average to a record high as the Federal Reserve indicated that interest rate cuts are likely next year.
Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year
Read full article: Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next yearThe Federal Reserve kept its key interest rate unchanged for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Speculation about eventual rate cuts is rising, but Fed is set to leave interest rates unchanged
Read full article: Speculation about eventual rate cuts is rising, but Fed is set to leave interest rates unchangedWith inflation edging closer to the Federal Reserve’s 2% target, its policymakers are facing — and in some cases fueling — hopes that they will make a decisive shift in policy and cut interest rates next year, possibly as soon as spring.
Fed's Powell notes inflation is easing but downplays discussion of interest rate cuts
Read full article: Fed's Powell notes inflation is easing but downplays discussion of interest rate cutsInflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said.
Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress
Read full article: Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progressFederal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, according to the minutes of the meeting.
What's pushing inflation down? More goods, workers and housing
Read full article: What's pushing inflation down? More goods, workers and housingLong past its painful peak, inflation in the United States may be heading steadily back toward its pre-pandemic levels, without the need for further interest rate hikes by the Federal Reserve.
Powell reinforces Fed's cautious approach toward further interest rate hikes
Read full article: Powell reinforces Fed's cautious approach toward further interest rate hikesFederal Reserve Chair Jerome Powell suggested that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace.
Stock market today: Asian shares surge on hopes the Federal Reserve’s rate hikes are done
Read full article: Stock market today: Asian shares surge on hopes the Federal Reserve’s rate hikes are doneAsian shares are surging after the U.S. Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy.
Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike
Read full article: Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hikeThe Federal Reserve kept its key short-term interest rate unchanged for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead.
Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines
Read full article: Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelinesThe Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors.
Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation
Read full article: Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflationFederal Reserve Chair Jerome Powell said inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market.
Federal Reserve minutes: Officials signal cautious approach to rates amid heightened uncertainty
Read full article: Federal Reserve minutes: Officials signal cautious approach to rates amid heightened uncertaintyFederal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month, according to minutes released Wednesday, and said they would “proceed carefully” in deciding whether to further raise their benchmark interest rate.
Fed's Powell gets an earful about inflation and interest rates from small businesses
Read full article: Fed's Powell gets an earful about inflation and interest rates from small businessesFederal Reserve officials typically gather many of their insights and observations about the economy from some of the top Ph.D. economists in Washington.
Why the US job market has defied rising interest rates and expectations of high unemployment
Read full article: Why the US job market has defied rising interest rates and expectations of high unemploymentLast year’s spike in inflation, to the highest level in four decades, was painful enough for American households.
Fed keeps rates unchanged and signals optimism about a potential 'soft landing'
Read full article: Fed keeps rates unchanged and signals optimism about a potential 'soft landing'The Federal Reserve left its benchmark interest rate unchanged for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased.
Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'
Read full article: Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools.
3 officials sworn in at Federal Reserve, as governing board reaches full strength
Read full article: 3 officials sworn in at Federal Reserve, as governing board reaches full strengthFederal Reserve Chair Jerome Powell swore in three members of the central bank’s governing board Wednesday, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank’s first Latina governor.
Fed's preferred inflation gauge shows a modest rise in latest sign of slowing price increases
Read full article: Fed's preferred inflation gauge shows a modest rise in latest sign of slowing price increasesAn inflation gauge closely tracked by the Federal Reserve remained low last month, adding to signs of cooling price increases and raising the likelihood that the Fed will leave interest rates unchanged when it next meets in late September.
Job vacancies, quits plunge in July in stark sign of cooling trend in the US job market
Read full article: Job vacancies, quits plunge in July in stark sign of cooling trend in the US job marketBusinesses posted far fewer open jobs in July and the number of Americans quitting their jobs fell sharply for the second straight month, clear signs that the labor market is cooling in a way that could reduce inflation.
Economy's solid growth could require more Fed hikes to fight inflation, Powell says at Jackson Hole
Read full article: Economy's solid growth could require more Fed hikes to fight inflation, Powell says at Jackson HoleThe continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said in a closely watched speech that also highlighted the uncertain nature of the economic outlook.
Surprisingly durable US economy poses key question: Are we facing higher-for-longer interest rates?
Read full article: Surprisingly durable US economy poses key question: Are we facing higher-for-longer interest rates?A year ago, Chair Jerome Powell warned that to fight high inflation, the Federal Reserve would continue to sharply raise interest rates, bringing “some pain” in the form of job losses and weaker economic growth.
Stock market today: Asian shares are mixed ahead of Fed Chair speech and Nvidia earnings
Read full article: Stock market today: Asian shares are mixed ahead of Fed Chair speech and Nvidia earningsAsian markets are trading mixed ahead of Fed Chair Jerome Powell’s highly anticipated speech later in the week.
Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikes
Read full article: Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikesMost Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting.
Supreme Court's student loan decision will lower US deficit according to new White House projection
Read full article: Supreme Court's student loan decision will lower US deficit according to new White House projectionThe Supreme Court ruling that upended President Joe Biden’s plan to forgive student loan debt changed his budget math.