Politics Jun 12

“We’ll need to see more good data to bolster our confidence that inflation is moving sustainably toward 2 percent,” Chair Jerome Powell said at a news conference.

Economy Jun 10

Chair Jerome Powell will likely reiterate that Fed officials need further confidence that inflation is returning to 2% before they would consider rate cuts.

Politics Jun 07

Last month's strong job growth reflected the durability of America's consumer-driven economy. With the nation's households continuing their steady spending, many employers have had to keep hiring to meet their customer demand.

Economy May 31

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

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

A measure of underlying inflation, which excludes volatile food and energy costs, also eased in April.

Economy May 14

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

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

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

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.