Politics Dec 10 Trump names Andrew Ferguson to head the Federal Trade Commission Ferguson will replace Lina Khan, who became a lightning rod for Wall Street and Silicon Valley by blocking billions of dollars' worth of corporate acquisitions and suing Amazon and Meta while alleging anticompetitive behavior.
Nation Dec 04 Fed’s independence from politics is vital to interest rate decisions, Powell says Chair Jerome Powell said the Federal Reserve’s ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or a specific outcome.
Economy Dec 03 U.S. job openings rose in October but hiring slowed, in a mixed picture for the labor market The increase suggests that job gains could pick up in the coming months, but the latest figure is down significantly from 8.7 million job postings a year ago.
Economy Nov 27 U.S. inflation gauge ticks higher with consumer prices on the rise According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday.
Nation Nov 21 Federal Reserve’s likely rate cut slowdown could disappoint borrowers Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates.
Economy Nov 13 After 2 years of steady cooling, U.S. inflation rose slightly last month Consumer prices rose 2.6 percent from a year earlier, up from 2.4 percent in September. It was the first increase in annual inflation in seven months. From September to October, prices edged up 0.2 percent.
Politics Nov 07 WATCH: Federal Reserve Chair Powell holds news conference following interest rate meeting The Fed's future moves are now more uncertain in the aftermath of the election, given that Trump's economic proposals have been widely flagged as potentially inflationary.
Economy Oct 30 Why the last jobs report before the election will be one of the most distorted in years Just as voters, politicians and Federal Reserve officials are looking for a clear read on the economy, they instead will get a muddied one.
Economy Oct 18 Driving retail spending, wealthier Americans are powering U.S. economy One key reason is a relatively simple one: Wealthier consumers, boosted by strong gains in income, home equity and stock market wealth, have increasingly driven the spending.
Politics Oct 10 U.S. inflation drops to lowest point in 3 years at 2.4 percent, some price pressures remain Consumer prices rose just 2.4% in September from a year earlier, down from 2.5% in August and the smallest annual rise since February 2021.