Economy Sep 27 Fed’s favored inflation gauge shows cooling price pressures, clearing way for more rate cuts The cooling of inflation might be helping to erode former President Donald Trump’s polling advantage on the economy.
Economy Sep 18 WATCH: Federal Reserve Chair Powell speaks after Fed announces interest rate cut 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.
Economy Sep 10 Inflation-adjusted incomes hit pre-pandemic levels in 2023, offsetting some inflation pressure The proportion of Americans living in poverty also fell slightly last year, to 11.1 percent, from 11.5 percent in 2022.
Economy Sep 06 U.S. hiring rebounded slightly last month, showing cooling but steady job market Collectively, Friday's figures depict a job market slowing under the pressure of high interest rates but still growing.
Economy Sep 04 Labor report paints mixed picture, showing U.S. job openings fell in July while hiring rose Wednesday's figures indicate that fewer companies are seeking to add workers despite recent data showing that consumer spending is still growing.
Politics Aug 23 ‘The time has come’ for the Federal Reserve to soon begin reducing interest rates, Powell says 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.
Economy Aug 21 Most Federal Reserve officials favor rate cut in September if inflation cools, minutes reveal 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."…
Economy Aug 20 How fast and how far could the Fed cut rates? Powell may give hint during Friday speech A lower Fed benchmark rate would eventually lead to lower rates for auto loans, mortgages and other forms of consumer borrowing.
Economy Aug 15 Americans spent more at retailers in July despite higher prices Americans stepped up spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates.
Politics Aug 14 Year-over-year inflation hits lowest level in three years, clearing way for Fed to begin cutting rates Measured from a year earlier, prices rose 2.9%, down from 3% in June. It was the mildest year-over-year inflation figure since March 2021.