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.
Economy Aug 01 U.S. credit rating cut to AA+ by Fitch, citing debt and political divisions Fitch cited the worsening political polarization around spending and tax policy as a key reason for the downgrade.
Economy Jul 28 An inflation gauge closely tracked by the Fed falls to lowest level in 2 years A measure of consumer prices that is closely monitored by the Federal Reserve fell last month to its lowest level since March 2021, the latest sign that inflation in the United States is steadily cooling from its once-painful highs.
Economy Jul 27 How a ‘rolling recession’ or a ‘richcession’ could spare the rest of the economy from a downturn The latest snapshot of the economy coincides with rising sentiment that it may achieve an elusive "soft landing." Analysts point to two trends that might help stave off an economic contraction.
Politics Jul 26 WATCH: Powell announces 11th key interest rate raise in drive to slow inflation Coming on top of its previous rate hikes, the Fed’s latest move could lead to further increases in the costs of mortgages, auto loans, credit cards and business borrowing.