Apr 04 WATCH: Fed Chair Powell warns Trump tariffs likely to raise inflation and slow economic growth By Christopher Rugaber, Associated Press Powell said that the tariffs, and their likely impacts on the economy and inflation, are “significantly larger than expected.”… Continue reading
Mar 17 Tariff threats, spending cuts put Federal Reserve in tough spot as it meets this week By Christopher Rugaber, Associated Press Ongoing tariff threats as well as sharp cuts to government spending and jobs have tanked consumer and business confidence, which could weigh on the economy and even push up unemployment. Continue reading
Mar 08 WATCH: Fed Chair Powell says interest rates on hold amid broad economic uncertainty By Christopher Rugaber, Associated Press The Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread “uncertainty” stemming from President Donald Trump's policies to resolve, Chair Jerome Powell said Friday at a conference in New York. Continue reading
Feb 27 U.S. economy grew 2.3 percent annually in the last months of 2024, the outlook for 2025 is cloudier By Paul Wiseman, Associated Press The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its initial estimate of fourth-quarter growth. Continue reading
Jan 29 WATCH: Fed Chair Powell holds news briefing after key interest rate decision By Christopher Rugaber, Associated Press The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies… Continue reading
Jan 10 U.S. added 256,000 jobs in December as unemployment rate dipped By Paul Wiseman, Associated Press U.S. hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy's resilience in the face of high interest rates. Continue reading
Dec 31 Analysis: How will inflation, interest rates and the U.S. consumer fare in 2025? By D. Brian Blank, Brandy Hadley, The Conversation Two finance scholars share key questions and risks they’re watching as we ring in the new year. Continue reading
Dec 18 Watch 5:34 Fed lowers interest rates again but inflation concerns make future cuts uncertain By Geoff Bennett The Federal Reserve lowered rates for the third consecutive time but also suggested there won’t be as many interest rate cuts in the year ahead as it once planned. Chairman Jerome Powell said the cut wasn’t an easy decision because… Continue watching
Dec 18 Stocks fall sharply after Federal Reserve signals fewer rate cuts than expected for 2025 By Stan Choe, Associated Press Fed officials released projections on Wednesday showing the median expectation among them is for two more cuts to the federal funds rate in 2025, or half a percentage point’s worth. That’s down from the four cuts expected just three months… Continue reading
Dec 18 WATCH: Fed Chair Powell holds news conference following quarter-point interest rate cut By Christopher Rugaber, Associated Press The Federal Reserve signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation. Continue reading