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.
Politics Jul 24 Federal Reserve officials meet as central bank aims for ‘soft landing’ After the Fed began aggressively raising borrowing costs early last year, most economists predicted it would send the economy crashing. Yet even though the Fed is poised to raise its key rate on Wednesday for the 11th time since March…
Economy Jul 12 Inflation drops sharply to 3 percent, lowest point in more than 2 years The inflation figure the government reported Wednesday was down sharply from a 4 percent annual rate in May, though still above the Fed's 2 percent target rate.
Economy Jun 30 A Federal Reserve inflation index falls to lowest level in 2 years At the same time, consumers barely increased their spending last month, boosting it just 0.1%, after a solid 0.6% gain in April.