Dec 16 Fed’s rate cuts likely to slow with inflation pressures still elevated By Christopher Rugaber, Associated Press Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve meeting. Continue reading
Dec 04 Watch 7:21 Federal Reserve Bank of San Francisco president on latest efforts to tame inflation By Geoff Bennett The Federal Reserve may cut interest rates later this month as officials weigh inflation and the broader economy. Inflation has been running above the Fed’s targeted rate and other economic indicators have remained strong, leaving some worried progress on reining… Continue watching
Dec 04 Fed’s independence from politics is vital to interest rate decisions, Powell says By Christopher Rugaber, Associated Press 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. Continue reading
Nov 21 Federal Reserve’s likely rate cut slowdown could disappoint borrowers By Christopher Rugaber, Associated Press 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. Continue reading
Nov 07 Watch 7:16 Fed cuts interest rates amid questions over independence during next Trump administration By Geoff Bennett The Federal Reserve cut its prime lending rate again, this time by a quarter point. The economy, higher costs of living and high housing prices directly affected by these rates are a big reason Donald Trump won the election. The… Continue watching
Nov 07 WATCH: Federal Reserve Chair Powell holds news conference following interest rate meeting By Christopher Rugaber, Associated Press 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. Continue reading
Nov 01 U.S. employers added only 12,000 jobs last month as hurricanes and strikes sharply reduce payrolls By Paul Wiseman, Associated Press America's employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls. Continue reading
Sep 27 Fed’s favored inflation gauge shows cooling price pressures, clearing way for more rate cuts By Christopher Rugaber, Associated Press The cooling of inflation might be helping to erode former President Donald Trump’s polling advantage on the economy. Continue reading
Sep 19 Wall Street soars to record highs in a global market rally after Fed’s interest rate cut By Stan Choe, Associated Press The S&P 500 jumped 1.7 percent for one of its best days of the year and topped its last all-time high set in July. The Dow Jones Industrial Average leaped 522 points, or 1.3 percent, to beat its own record set… Continue reading
Sep 19 WATCH: Biden lauds Fed’s rate cut in speech at Economic Club of Washington, D.C. By Colleen Long, Chris Megerian, Associated Press Biden said Thursday the Federal Reserve's decision to lower interest rates was “an important signal” that inflation has eased as he poked at Donald Trump's economic policies as a failure in the past and sure to “fail again” if revived. Continue reading