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
Sep 18 Watch 5:52 What the first interest rate cut in 4 years means for the Fed's fight against inflation By Amna Nawaz, Azhar Merchant The Federal Reserve cut interest rates for the first time in four years with an aggressive move that lowers its benchmark rate by a half percentage point. The Fed also said it intended to lower interest rates by a full… Continue watching
Sep 18 WATCH: Federal Reserve Chair Powell speaks after Fed announces interest rate cut By Christopher Rugaber, Associated Press The unusually large half-point rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing. Continue reading
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
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 27 Harris campaign releases new ad promising plans to build 3 million homes and reduce inflation By Josh Boak, Associated Press The Tuesday move is designed to contain inflationary pressures that also draws a sharp contrast to Republican Donald Trump's approach. Harris highlights her plan in a new minute-long ad that uses her personal experience. 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 21 U.S. economy added 818,000 fewer jobs than first reported, sign job market has been slowing By Associated Press The Labor Department estimated that job growth averaged 174,000 a month in the year that ended in March — a drop of 68,000 a month from the 242,000 that were initially reported. The revisions released Wednesday were preliminary, with final… Continue reading