Politics May 14 WATCH: White House suggests possibility of penalties if production of Chinese electric vehicles moves to Mexico The Biden administration is suggesting the possibility that additional penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes.
Economy May 13 Are U.S. interest rates high enough to beat inflation? The Fed will take its time to find out The 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…
Economy May 10 U.S. consumer sentiment drops to 6-month low on inflation, unemployment fears Consumer sentiment fell sharply in May to the lowest level in six months as Americans cited concerns about stubbornly high inflation and interest rates and fears that unemployment could rise.
Economy May 01 WATCH: Fed Chair Powell suggests taming inflation will take longer than expected The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2 percent target.
Economy Apr 26 One measure of inflation reinforces Federal Reserve’s reluctance to cut interest rates Friday's report from the government showed that prices rose 0.3 percent from February to March, the same as in the previous month.
Economy Apr 23 ‘Noncompete’ agreements would be barred for most employees under this new rule According to the FTC, 30 million people — roughly one in five workers — are now subject to such restrictions.
Politics Apr 16 Elevated inflation will likely delay interest rate cuts this year, warns Federal Reserve Chair Powell "Recent data have clearly not given us greater confidence" that inflation is coming fully under control and "instead indicate that it's likely to take longer than expected to achieve that confidence," Powell said during a panel discussion.
Economy Apr 10 Inflation remains raised largely due to high gas and rents The March figures, the third straight month of inflation readings well above the Fed's 2 percent target, threaten to torpedo the prospect of multiple interest rate cuts this year.
Economy Apr 06 Is the Fed going to cut interest rates? What was once a question of ‘when’ is now less certain When the Federal Reserve signaled last fall that it was likely done raising interest rates, many began wondering when it would start cutting rates. But with the U.S. economy showing surprising vigor, a different question has arisen: Will the central…
Politics Apr 03 Powell says the Federal Reserve still sees rate cuts this year; election timing won’t affect decision Federal 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.