Economy Aug 19 'Many' Fed officials think higher rates will be needed if inflation stays high Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn't subside, minutes of the Fed's meeting last month showed.
Economy Aug 19 An alarmed bond market gets the Trump administration to act again Normally quiet, the bond market can occasionally send warning signals loud enough to hit stock markets worldwide and even grab the attention of U.S. presidents and other world leaders.
Economy Aug 13 Wholesale price inflation slows last month as gas and food costs fall Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation could grind lower in the months ahead.
Economy Aug 12 Inflation cooled last month as gas prices fell, though costs remain elevated The modest decline could ease pressure on the Federal Reserve to raise their key interest rate to combat rising costs. Yet prices are still rising more quickly than average wages, underscoring the struggle many Americans have had with more expensive…
Economy Jul 14 Massive data center buildout poses latest inflation threat for consumers Investment in data centers has made memory chips, computer processors and other equipment, as well as electricity, more expensive.
Economy Jul 14 Inflation cools more than expected in June as gas costs fall and underlying prices ease Tuesday's report likely reduces pressure on the Fed to boost its short-term interest rate to combat inflation.
Politics Jul 13 WATCH: Fed chair Kevin Warsh testifies on inflation and monetary policy in House hearing Federal Reserve Chair Kevin Warsh said Tuesday that the Fed will make high inflation “a thing of the past," yet he provided no signal about the central bank's next steps.
Economy Jul 02 U.S. employers pulled back on hiring in June U.S. employers added only 57,000 jobs, less than half the previous month’s total and a sign companies still have a cautious economic outlook.
Economy Jul 01 Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation In remarks at a central bank conference in Sintra, Portugal, Warsh said that if businesses or households thought the Fed would accept inflation above 2%, “I guess they'd be disappointed. We're going to deliver price stability.”…
Economy Jun 30 U.S. consumer confidence rises as gas prices fall, but economic outlook remains gloomy The Conference Board said Tuesday that its consumer confidence index rose 0.6 point to 91.2 in June, a figure that is still below its year-ago reading of 95.2.