Politics Oct 09 2 Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone That's because a surge in long-term interest rates has made borrowing more expensive and could help cool inflation without further action by the central bank.
Economy Oct 06 In a sign of economic resilience, U.S. employers added 336,000 jobs in September Friday's report from the Labor Department showed that hiring last month jumped from a 227,000 increase in August, which was revised sharply higher.
Economy Sep 29 Higher gas prices lift Fed’s preferred inflation gauge but underlying price pressures remain mild An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices. But measures of underlying inflation slowed in the latest sign that overall price pressures are still moderating.
Politics Sep 28 Economy grows 2.1 percent estimates government, unchanged from previous projection The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged.
Economy Sep 25 Why the job market has weathered rising interest rates, grim economic forecasts Inflation has tumbled from its peak of 9.1% in June 2022 to 3.7% on the back of the Fed’s rate hikes. Yet the unemployment rate, at a still-low 3.8%, has scarcely budged.
Economy Sep 20 WATCH: Federal Reserve keeps rates unchanged but signals likelihood of another hike this year Besides forecasting another hike by year’s end, Fed officials now envision keeping rates high deep into 2024. They expect to cut interest rates just twice next year, fewer than the four rate cuts they had predicted in June.
Economy Sep 13 August inflation rises due to higher gas prices, yet underlying core measures cooled Excluding the volatile food and energy categories, so-called core prices rose 4.3 percent, down from 4.7 percent in July and the smallest increase in nearly two years.
Politics Aug 31 Important inflation tracker shows small increase in sign of slowing prices An inflation gauge closely tracked by the Federal Reserve remained low last month, adding to signs of cooling price increases and raising the likelihood that the Fed will leave interest rates unchanged when it next meets in late September.
Politics Aug 25 Powell warns strong economy could lead to new interest rate hikes The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said in a closely watched speech that also highlighted the uncertain nature of the economic outlook.
Economy Aug 08 U.S. inflation on the downhill, but the Fed has long way to go to hit target rate The stickiness of inflation could endanger the possibility that the Fed will achieve a rare “soft landing” — a scenario in which it manages to slow inflation down to its target level through higher interest rates without derailing the economy.