Fed Chair Powell Says the US Economy is in ‘Solid Shape’ With Gradual Rate Cuts Coming
His comments, at a conference of the National Association for Business Economics in Nashville, Tennessee, disappointed the hopes of many investors that the Fed would implement another steep half-point reduction in its key rate before the end of the year. read more >
by Associated Press -
The Fed Sees Inflation Fight as a Success. Will the Public Eventually Agree?
With its larger-than-usual half-point cut to its key interest rate last week, the Federal Reserve underscored its belief that it's all but conquered inflation after three long years. The public at large? Not so much. read more >
by Associated Press -
Federal Reserve Cuts Key Rate by Sizable Half-Point, Signaling End to Inflation Fight
The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers. read more >
by Associated Press -
The Federal Reserve is Finally Lowering Rates. Here’s What Consumers Should Know
The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. read more >
by Associated Press -
Will The Federal Reserve Cut Interest Rates Fast Enough to Deliver a ‘Soft Landing’?
Many economists would like to see the Fed announce a half-point rate cut this week, in part because they think the officials should have begun cutting rates at their previous meeting in July. read more >
by Associated Press -
The Fed Welcomes a ‘Soft Landing’ Even If Many Americans Don’t Feel Like Cheering
Though consumer sentiment is slowly rising, a majority of Americans in some surveys still complain about elevated prices, given that the costs of such necessities as food, gas and housing remain far above where they were before the pandemic erupted in 2020. read more >
by Associated Press -
Key Takeaways From Fed Chair Jerome Powell’s Speech at Jackson Hole
Powell all but proclaimed victory in the fight against inflation and signaled that interest rate cuts are coming. read more >
by Associated Press -
Fed Chair Jerome Powell: ‘The Time Has Come’ to Soon Begin Reducing Interest Rates
“My confidence has grown," he said, “that inflation is on a sustainable path back to 2%.” read more >
by Associated Press -
Fed Minutes: Most Officials Favored a Rate Cut in September if Inflation Continued to Cool
A rate cut in September, coming less than two months before the presidential election, could bring some unwelcome political heat on the Fed, which seeks to avoid becoming entangled in election-year politics. read more >
by Associated Press -
Fed Chair Powell Says September Interest Rate Cut Could be ‘On The Table’ as Inflation Cools
“It's neither an overheating economy nor is it a sharply weakening economy,” he said. "It’s kind of what you would want to see.” read more >
by Associated Press -
A Delicate Dance (Hunter Field Editor’s Note)
An influx of federal cash has propped up several industries; now eyes are on the Fed. read more >
by Hunter Field -
Fed’s Powell Highlights Slowing Job Market In Signal That Rate Cuts May Be Nearing
Powell pointedly noted that “elevated inflation is not the only risk we face." Cutting rates “too late or too little could unduly weaken economic activity and employment,” he said. read more >
by Associated Press -
US Employers Added 206,000 Jobs in June
Last month’s job growth did mark a pullback from 218,000 in May. But it was still a solid gain, reflecting the resilience of America’s consumer-driven economy, which is slowing but still growing steadily. read more >
by Associated Press -
Fed Sees Some Progress on Inflation but Envisions Just One Rate Cut This Year
The policymakers' forecast for one rate cut was down from their previous projection of three cuts, because inflation, despite having cooled in the past two months, remains persistently above their target level. read more >
by Associated Press -
US Inflation Cooled in May in a Sign That Price Pressures May be Easing
Consumer prices excluding volatile food and energy costs — the closely watched “core” index — rose 0.2% from April to May, the government said Wednesday. read more >
by Associated Press -
Federal Reserve Minutes: Policymakers Saw A Longer Path To Rate Cuts
Many officials noted that they were uncertain how restrictive the Fed's rate policies are, the minutes said. That suggests that it wasn't clear to the policymakers whether they were doing enough to restrain price growth. read more >
by Associated Press -
US Inflation Eased Last Month in The First Slowdown of 2024
Consumer prices rose 0.3% from March to April, the Labor Department said Wednesday, down slightly from 0.4% the previous month. read more >
by Associated Press -
Are US Interest Rates High Enough to Beat Inflation? The Fed Will Take Its Time to Find Out
Higher-for-longer borrowing costs are sure to disappoint many, from Americans hoping for lower mortgage rates before buying a home, to Wall Street traders eagerly awaiting a cut. read more >
by Associated Press -
Affluent Americans are Driving US Economy and Likely Delaying Need for Fed Rate Cuts
The so-called “wealth effect," whereby rising home and stock values give people confidence to increase their spending, is a big reason why the economy has defied expectations of a sharp slowdown. read more >
by Associated Press -
A Top Fed Official Opens Door to Keeping Rates High for Longer
Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank's key rate may have to remain at its peak for a while to bring down persistently elevated inflation. read more >
by Associated Press -
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