Economy Dec 10 WATCH: Powell holds news briefing after Fed decision to cut interest rates In a set of quarterly economic projections, Fed officials signaled they expect to lower rates just once next year. Wednesday’s cut reduced the rate to about 3.6%, the lowest it has been in nearly three years.
Economy Dec 09 A sharply divided Federal Reserve is set to cut interest rates, but may signal a pause to come The Fed's 19-member rate-setting committee is sharply divided over whether to lower borrowing costs again.
Economy Nov 26 Weekly unemployment filings drop in a sign that layoffs continue to stay low The number of people seeking unemployment benefits is seen as a proxy for layoffs and is close to a real-time indicator of the health of the job market.
Economy Nov 25 Consumer confidence slips as Americans grow wary of high costs and labor market Consumers were much less confident in the economy in November in the aftermath of the government shutdown and amid weak hiring and stubborn inflation.
Economy Nov 25 U.S. retail sales rose modestly in September, as consumers pulled back spending after months of splurging The retail sales figures suggest that Americans as a whole are still willing and able to boost their spending, a key driver of the economy, despite high prices for groceries, rent, and many imported goods hit by tariffs.
Politics Nov 17 In letter to Bondi, Fed's Lisa Cook says mortgage fraud allegations against her are 'baseless' “There is no fraud, no intent to deceive, nothing whatsoever criminal or remotely a basis to allege mortgage fraud,” the letter said.
Economy Nov 11 The government shutdown will impact an already-struggling economy, from lost paychecks to canceled flights The Congressional Budget Office estimated that about $11 billion in economic activity will be permanently lost from a six-week shutdown.
Nation Oct 29 Missing government data unlikely to sway Federal Reserve from rate-cut path The data drought raises risks for the Fed because it is widely expected to keep cutting rates in an effort to shore up growth and hiring. Yet should job gains pick up soon, the Fed may not detect the change.
Politics Oct 28 WATCH: Powell delivers remarks after Federal Reserve cuts key rate as government shutdown clouds economic outlook Fed Chair Jerome Powell cautioned that further rate cuts weren’t guaranteed, citing the government shutdown’s interruption of economic reports and sharp divisions among 19 Fed officials who participate in the central bank's interest-rate deliberations.
Politics Oct 24 U.S. inflation stays elevated but prices rose less than feared last month Consumer prices increased 3% in September from a year earlier, the Labor Department said Friday, up from 2.9% in August.