Economy Aug 21 Most Federal Reserve officials favor rate cut in September if inflation cools, minutes reveal The minutes of the Fed's July 30-31 meeting indicate that the "vast majority" of policymakers "observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting."…
Economy Aug 20 How fast and how far could the Fed cut rates? Powell may give hint during Friday speech A lower Fed benchmark rate would eventually lead to lower rates for auto loans, mortgages and other forms of consumer borrowing.
Economy Aug 15 Americans spent more at retailers in July despite higher prices Americans stepped up spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates.
Politics Aug 14 Year-over-year inflation hits lowest level in three years, clearing way for Fed to begin cutting rates Measured from a year earlier, prices rose 2.9%, down from 3% in June. It was the mildest year-over-year inflation figure since March 2021.
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%.