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
Oct 28 WATCH: Powell delivers remarks after Federal Reserve cuts key rate as government shutdown clouds economic outlook By Christopher Rugaber, Associated Press Fed Chair Jerome Powell cautioned that further rate cuts weren’t guaranteed, citing the government shutdown’s interruption of economic reports and sharp divisions among 19 Fed officials who participate in the central bank's interest-rate deliberations. Continue reading
Oct 15 Shutdown delays release of Labor Department's monthly inflation report By Christopher Rugaber, Associated Press The government shutdown is delaying another major economic report, leaving policymakers at the Federal Reserve with a cloudier economic picture. Continue reading
Oct 14 Powell: Slowdown in U.S. hiring suggests economy still needs rate cuts By Christopher Rugaber, Associated Press Economists said Federal Reserve Chair Jerome Powell's remarks solidified expectations for further rate cuts, starting at its next meeting. Continue reading
Oct 02 Vital economic data, including Friday's jobs report, cut off in government shutdown By Christopher Rugaber, Paul Wiseman, Associated Press The government shutdown that began Wednesday will deprive policymakers and investors of economic data vital to their decision-making at a time of unusual uncertainty about the direction of the U.S. economy. Continue reading
Oct 01 Supreme Court lets Lisa Cook remain as a Federal Reserve governor for now in unsigned order By Mark Sherman, Associated Press In a brief unsigned order, the high court said it would hear arguments in January over President Donald Trump's effort to force Cook off the Fed board. Continue reading
Sep 26 Fed's favored inflation gauge accelerated slightly in August, report shows By Paul Wiseman, Associated Press The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, a tick higher from a 2.6% year-over-year increase in July and most since February. Continue reading
Sep 22 Supreme Court will weigh expanding Trump's power to shape independent agencies By Lindsay Whitehurst, Associated Press The high court agreed Monday to quickly hear arguments in a case over the firing of members of the Federal Trade Commission and two other boards. Continue reading
Sep 18 Trump asks Supreme Court for emergency order to remove Lisa Cook from Fed board By Mark Sherman, Associated Press President Donald Trump is asking the Supreme Court for an emergency order to remove Lisa Cook from the Federal Reserve’s board of governors. Continue reading