Economy Jan 24 Americans’ economic outlook brightens as inflation slows and wages outpace prices After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden's political fortunes.
Economy Jan 24 Inflation slows, incomes rise, and Americans are much more optimistic about the economy A survey by the Federal Reserve Bank of New York found that Americans' inflation expectations have reached their lowest point in nearly three years.
Economy Dec 13 Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year Those envisioned rate cuts — which wouldn't likely begin until the second half of 2024 — suggest that the officials think high borrowing rates will still be needed for much of next year to further slow spending and inflation.
Politics Dec 13 WATCH: Federal Reserve Chair Jerome Powell holds news briefing following interest rate meeting The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Economy Dec 12 November inflation dips as gas prices fall, but services and used cars remain expensive The mixed picture in Tuesday’s inflation report will likely keep the Fed on track to leave its benchmark interest rate unchanged when its latest meeting ends Wednesday.
Economy Dec 11 Speculation about eventual rate cuts is rising, but Fed is set to leave interest rates unchanged With inflation edging closer to the Federal Reserve's 2 percent target, its policymakers are facing — and in some cases fueling — hopes that they will make a decisive shift in policy and cut interest rates next year, possibly as…
Economy Dec 08 U.S. employers add 199,000 jobs as economy shows signs of ‘soft landing’ Most economists and Wall Street traders think the Fed’s next move will be to cut rates, though that might not happen until the second half of 2024.
Economy Nov 20 Why economists say falling inflation isn’t enough to relieve stress about the U.S. economy Most Americans hold a glum view of the economy despite inflation reaching its lowest point in over two years. Many factors lie behind the disconnect, but economists increasingly point to one in particular: The lingering financial and psychological effects of…
Economy Nov 14 U.S. inflation cooled in October, driven lower by cheaper gas, cars and airfares Tuesday's report from the Labor Department showed that prices either fell or rose only slowly across a broad range of goods and services, including gas, new and used cars, hotel rooms and housing.
Politics Nov 09 Powell reinforces the Federal Reserve’s cautious approach toward further interest rate hikes Federal Reserve Chair Jerome Powell suggested that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace.