Sep 11 U.S. inflation just hit a 3-year low, easing the way for interest rate cut By Christopher S. Rugaber, Associated Press For months, cooling inflation has provided gradual relief to America’s consumers, who were stung by the price surges that erupted three years ago. Continue reading
Sep 06 Watch 6:35 Chicago Fed president expects multiple interest rate cuts amid economic ‘overcooling’ By Geoff Bennett, Murrey Jacobson, Karina Cuevas The latest jobs report paints a mixed picture of the overall economy. The U.S. added 142,000 new jobs last month and the unemployment rate dipped slightly to 4.2 percent. The report was better than July, but with revisions, it shows… Continue watching
Sep 03 Fed celebrates end of inflation surge, but many Americans don’t feel like cheering By Chris Rugaber, Associated Press Most Americans are not in the same celebratory mood about the plummeting of inflation in the face of the high borrowing rates the Fed engineered. Continue reading
Aug 30 As rate cuts near, Federal Reserve’s inflation gauge shows cooling price increases By Chris Rugaber, Associated Press An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time… Continue reading
Aug 23 Watch 6:59 Fed chair says ‘time has come’ to cut interest rates amid signs of weakening job market By John Yang, Karina Cuevas Financial markets rallied Friday after Fed Chairman Jerome Powell said that it’s time to start cutting interest rates. The question now is by how much, and how quickly fed policymakers will act. Powell said inflation is low enough and that… Continue watching
Aug 23 ‘The time has come’ for the Federal Reserve to soon begin reducing interest rates, Powell says By Christopher Rugaber, Associated Press Powell did not say when rate cuts would begin or how large they might be, but the Fed is widely expected to announce a modest quarter-point cut in its benchmark rate when it meets in mid-September. Continue reading
Aug 21 Most Federal Reserve officials favor rate cut in September if inflation cools, minutes reveal By Christopher Rugaber, Associated Press The minutes of the Fed's July 30-31 meeting indicate that the "vast majority" of policymakers "observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting."… Continue reading
Aug 20 How fast and how far could the Fed cut rates? Powell may give hint during Friday speech By Christopher Rugaber, Associated Press A lower Fed benchmark rate would eventually lead to lower rates for auto loans, mortgages and other forms of consumer borrowing. Continue reading
Aug 16 U.S. consumer sentiment rises this month amid optimism over Harris’ presidential bid By Paul Wiseman, Associated Press Americans’ expectations for the future rose, while their assessment of current economic conditions sank slightly. Democrats’ sentiment rose, and Republicans’ fell. Continue reading
Aug 15 Wall Street rallies to one of its best days of the year By Stan Choe, Associated Press The S&P 500 jumped 1.6% for its fourth-best day of the year and its sixth straight gain as the U.S. stock market rights itself following a scary few weeks. Continue reading