Economy Aug 12 Americans are refusing to pay high prices. That might deal the final blow to inflation The economy appears to be returning to pre-pandemic norms, when most companies felt they couldn't raise prices much without losing business.
Economy Aug 02 Unemployment rise shakes stock markets, yet recession signals have been wrong — so far The U.S. economy used to flash reliable signals when it was in or near a recession. But those red lights have gone haywire since the COVID-19 pandemic struck and upended normal business activity. Over the past two or three years,…
Economy Jul 31 WATCH: Fed Chair Powell holds news briefing as first interest rate cut in four years ‘getting closer’ At a news conference Wednesday, Fed Chair Jerome Powell said that if inflation continued to cool, "a rate cut could be on the table in the September meeting.”…
Economy Jul 31 A sign inflation may keep cooling: Paychecks grew more slowly this spring Higher wages and benefits are good for employees, but slower pay growth will likely reassure Fed officials that inflation is steadily falling back to their 2 percent target.
Economy Jul 26 Harris hopes to turn Biden’s economic record into an asset for the election Can she turn the Biden-Harris economic record into a political advantage in a way that President Joe Biden failed to do?…
Economy Jul 26 Federal Reserve’s favored inflation gauge cools, increasing likelihood of September rate cut Prices rose just 0.1% from May to June, up from the previous month's unchanged reading. Compared with a year earlier, inflation declined to 2.5% from 2.6%.
Economy Jul 11 Cooling inflation may pave way for interest rate cut soon Inflation 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.
Politics Jul 09 WATCH: Slowing job market signals interest rate cuts may be near, Powell tells Senate committee The Fed has made "considerable progress" toward its goal of defeating the worst inflation spike in four decades, Powell told the Senate Banking Committee.
Economy Jul 02 U.S. inflation slowing again, but Fed Chair Powell warns it isn’t yet time to cut rates Speaking in a panel discussion at a monetary policy conference in Sintra, Portugal, Powell said Fed officials still want to see annual price growth slow further toward their 2% target before they would feel confident of having fully defeated high…
Nation Jun 12 Inflation eases for 2nd straight month, a sign this year’s acceleration of prices may have passed Inflation in the United States eased in May, a hopeful sign that an acceleration of prices that occurred early this year may have passed.