Dec 18 Watch 6:11 Chicago Fed president on the economy's mixed signals By Geoff Bennett, Jackson Hudgins Inflation is showing fresh signs of cooling, ticking up 2.7% year-over-year, lower than many economists had expected. It follows the release of a delayed jobs report that showed weak growth and the highest unemployment rate in four years. The numbers… Continue watching
Dec 10 Watch 5:46 Federal Reserve cuts interest rates amid mixed economic data and divisions in its ranks By Amna Nawaz, Diane Lincoln Estes The Federal Reserve cut interest rates Wednesday for the third time in a row, but left big questions about any additional rate cuts in the future. The Federal Open Market Committee voted to cut its benchmark rate by a quarter… Continue watching
Dec 10 WATCH: Powell holds news briefing after Fed decision to cut interest rates By Christopher Rugaber, Associated Press In a set of quarterly economic projections, Fed officials signaled they expect to lower rates just once next year. Wednesday’s cut reduced the rate to about 3.6%, the lowest it has been in nearly three years. Continue reading
Dec 09 A sharply divided Federal Reserve is set to cut interest rates, but may signal a pause to come By Christopher Rugaber, Associated Press The Fed's 19-member rate-setting committee is sharply divided over whether to lower borrowing costs again. Continue reading
Nov 20 Watch 7:52 Delayed jobs report 'definitely complicates' rate cut decision, Chicago Fed president says By Geoff Bennett, Courtney Norris, Nana Adwoa Antwi-Boasiako Job growth was better than expected in September with the best job gains since April, according to the delayed government report. But key data is still missing, and questions remain about the strength of the economy. That uncertainty comes as… Continue watching
Nov 20 Wall Street rallies on AI and interest rate hopes By Stan Choe, Associated Press Not only did Nvidia provide another blockbuster profit report that suggested AI superstar stocks can keep rising, a mixed report on the U.S. jobs market kept alive hopes that the Federal Reserve can deliver more cuts to interest rates. Continue reading
Nov 17 In letter to Bondi, Fed's Lisa Cook says mortgage fraud allegations against her are 'baseless' By Christopher Rugaber, Brian Slodysko, Associated Press “There is no fraud, no intent to deceive, nothing whatsoever criminal or remotely a basis to allege mortgage fraud,” the letter said. Continue reading
Nov 12 Atlanta Fed president Bostic to retire, opening seat on interest-rate setting committee By Chris Rugaber, Associated Press It comes as President Trump is seeking to exert more control over the central bank. Continue reading
Oct 31 How does a Federal Reserve rate cut affect your finances? 4 things to know By Cora Lewis, Associated Press While the rates consumers pay to borrow money aren’t directly linked to this rate, shifts affect what you pay for credit cards, auto loans, mortgages, and other financial products. Continue reading
Oct 29 Missing government data unlikely to sway Federal Reserve from rate-cut path By Christopher Rugaber, Associated Press The data drought raises risks for the Fed because it is widely expected to keep cutting rates in an effort to shore up growth and hiring. Yet should job gains pick up soon, the Fed may not detect the change. Continue reading