Economy May 31 A closely tracked inflation gauge rises at slowest pace this year A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year.
Economy May 29 Inflation pressures lingering from pandemic may keep Feds from lowering interest rates Though Fed officials say they expect inflation in key areas to eventually cool, they've signaled that they're prepared to wait as long as it takes.
Economy May 15 U.S. inflation ticked down slightly last month in the first drop of 2024 A measure of underlying inflation, which excludes volatile food and energy costs, also eased in April.
Economy May 14 Federal Reserve Chair Powell downplays potential for a rate hike despite higher price pressures Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again.
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.