Economy Sep 03 Fed governor Waller muddies outlook on possible rate hike later this month Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not.
Economy Sep 02 Why bond yields are rising and why everyone should care Rising bond yields are one of the few forces in the world strong enough to get politicians to snap to attention. They can also have a big impact on Americans' personal finances and on the broader economy.
Economy Aug 29 Warsh raises stakes for Fed's next meeting, and other takeaways from Jackson Hole conference Warsh's high-profile speech at the Fed's annual Jackson Hole economic conference was mostly praised afterward by economists and other Fed policymakers in attendance. Still, there was also some pushback and criticism during the first day of the conference.
Economy Aug 28 WATCH: Fed Chair Warsh signals stubborn inflation may require rate hikes in Jackson Hole speech Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he had sent previously…
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.