Sep 04 Watch 5:19 Why the U.S. job market remains resilient in face of global pressures and inflation By Geoff Bennett, Azhar Merchant The job market delivered a surprising rebound in August, adding 162,000 jobs, far more than economists had expected. The unemployment rate held steady at 4.1%, and the Labor Department revised July numbers upward. The stronger-than-expected report comes as the Federal… Continue watching
Sep 03 Fed governor Waller muddies outlook on possible rate hike later this month By Christopher Rugaber, Associated Press Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not. Continue reading
Sep 02 Why bond yields are rising and why everyone should care By Christopher Rugaber, Stan Choe, Associated Press Rising bond yields are one of the few forces in the world strong enough to get politicians to snap to attention. They can also have a big impact on Americans' personal finances and on the broader economy. Continue reading
Aug 29 Warsh raises stakes for Fed's next meeting, and other takeaways from Jackson Hole conference By Christopher Rugaber, Associated Press Warsh's high-profile speech at the Fed's annual Jackson Hole economic conference was mostly praised afterward by economists and other Fed policymakers in attendance. Still, there was also some pushback and criticism during the first day of the conference. Continue reading
Aug 28 Watch 6:11 Fed Chair Warsh not ruling out interest rate hike amid inflation concerns By Amna Nawaz, Karina Cuevas, Amalia Huot-Marchand Federal Reserve Chair Kevin Warsh said there is still work to do on inflation. At the Fed’s annual economic symposium in Jackson Hole, Wyoming, Warsh also said that although he is not committed to a rate hike, he is not… Continue watching
Aug 19 'Many' Fed officials think higher rates will be needed if inflation stays high By Christopher Rugaber, Associated Press Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn't subside, minutes of the Fed's meeting last month showed. Continue reading
Aug 11 Watch 7:09 Credit card debt surges in U.S. as high interest rates make it harder to pay off By Paul Solman, Ryan Connelly Holmes Americans owe more than a trillion dollars in credit card debt, up 60% from just five years ago. Meanwhile, higher interest rates make debt even more difficult to pay off, a downward spiral causing credit card delinquencies to surge. Economics… Continue watching
Jul 29 WATCH: Fed chair Warsh holds news conference after leaving interest rate unchanged By Paul Wiseman, Associated Press The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war. Continue reading
Jun 17 Watch 6:51 What Warsh's first meeting as Fed chair signals By Amna Nawaz, Azhar Merchant, Nana Adwoa Antwi-Boasiako The Federal Reserve held interest rates steady in the first meeting led by Kevin Warsh. The decision to maintain rates for a fourth-straight meeting was supported by all 12 members of the Federal Open Market Committee, but new quarterly projections… Continue watching
Jun 17 WATCH: New Fed chair Kevin Warsh holds first news conference after leaving interest rate unchanged By Christopher Rugaber, Associated Press The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year. Continue reading