US Economy Accelerated to a 4.9% Rate Last Quarter
The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace. read more >
by Associated Press -
Fed Chair Powell: Inflation Remains Too High, More Rate Hikes Could Be Needed
Powell noted that inflation has cooled significantly from a year ago. But he cautioned that it's not yet clear whether inflation is on a steady path back to the Fed's 2% target. read more >
2 Fed Officials Say Spike in Bond Yields May Allow Central Bank to Leave Rates Alone
The rate hikes have been intended to defeat the worst bout of inflation in more than 40 years. But they have also led to much higher borrowing rates and sparked worries that they could trigger a recession. read more >
by Associated Press -
Why the US Job Market has Defied Rising Interest Rates and Expectations of High Unemployment
The idea that defeating high inflation would require sharply higher unemployment is based on a long-time economic model that may prove ill-suited for the post-pandemic episode. read more >
Fed Keeps Rates Unchanged but Signals Likelihood of Another Hike This Year to Fight Inflation
The more measured approach to rate increases the Fed is now taking reflects an awareness among the officials that the risks to the economy of raising rates too high is growing. read more >
Federal Reserve Poised to Leave Rates Unchanged as it Tracks Progress Toward ‘Soft Landing’
The focus for Wall Street investors and analysts now is shifting toward what comes next. Some clues could come in the updated interest rate projections it releases each quarter and at a news conference with Chair Jerome Powell. read more >
by Associated Press -
Powell at Jackson Hole: Economy’s Solid Growth Could Require Additional Fed Hikes to Fight Inflation
Powell noted that the economy has been growing faster than expected and that consumers have kept spending briskly — trends that could keep inflation pressures high. read more >
by Associated Press -
Hopeful Signs of an Economic ‘Soft Landing’ Emerge as Fed Meets in Jackson Hole
Supply chains have normalized for some retailers, reducing pricing pressures. Hotel occupancy rates have come off the boil of the pandemic years; room rates have eased in response. read more >
by Associated Press -
Surprisingly Durable US Economy Poses Key Question: Will Interest Rates Stay Higher for Longer?
Wall Street traders, who earlier this year had predicted that the Fed would begin cutting rates by year's end, now don't envision any rate cuts until well into 2024. read more >
by Associated Press -
Federal Reserve May Tighten Financial Rules, Powell Says
The collapse of Silicon Valley Bank, Signature Bank and First Republic Bank exposed different vulnerabilities that the Fed will likely address through new proposals. read more >
by Associated Press -
Fed’s Powell: More Rate Hikes are Likely This Year to Fight Still-High Inflation
The contrast between the Fed's stated concern over still-high inflation and its decision to skip a rate hike has heightened uncertainty about its next moves. read more >
by Associated Press -
Fed Keeps Rates Unchanged for First Time in 15 Months, but Signals More Potential Hikes
The central bank's 18 policymakers envision raising their key rate by an additional half-point this year, to about 5.6%, according to economic forecasts they issued Wednesday. read more >
by Associated Press -
Is It a ‘Skip’ or a ‘Pause’? The Fed Won’t Likely Raise Rates Next Week, but Maybe Next Month
When an increasingly fractious committee of Federal Reserve policymakers meets next week, Chair Jerome Powell will need to forge a consensus. read more >
by Associated Press -
US Job Openings Rise to 10.1 Million as Labor Market Stays Strong
Layoffs fell, but the number of people quitting their jobs — a sign of confidence that they can find better pay or working conditions elsewhere — slid last month to the lowest level since March 2021. read more >
by Associated Press -
A June Pause in Rate Hikes Would be a Close Call for Fed Officials, Minutes of Last Meeting Show
Yet those supporting a pause may have the upper hand. Chair Jerome Powell and the officials closest to him have signaled in speeches over the past week that they're likely to support a pause in rate hikes at their next meeting in mid-June. read more >
Hike Again? Take a Pause? Fed Officials Are Split About What to do Next to Fight Inflation
Many Fed watchers have expected the central bank's officials to forgo another increase in their benchmark rate when they next meet in mid-June. Yet recent warnings from several of the officials about the continuing threat from high inflation suggest that that outcome is far from certain. read more >
by Associated Press -
Hot Employment Market Shows Signs of Cooling
While hiring remained strong in April, the government lowered its hiring figures for February and March. read more >
by Associated Press -
Banks Report Tougher Credit Standards in Wake of Failures
About 46% of all banks said they had raised standards for business loans known as commercial and industrial loans, up from just under 45% in the previous quarter. read more >
by Associated Press -
Fed Raises Key Rate But Hints it May Pause Amid Bank Turmoil
Having raised their key short-term rate by a substantial 5 percentage points since March 2022, Fed officials may step back and assess the impact of higher rates on growth and inflation. read more >
by Associated Press -
A Key Inflation Gauge Tracked by The Fed Slowed in February
Friday's report from the Commerce Department showed that consumer prices rose 0.3% from January to February, down from a 0.6% increase from December to January. read more >
by Associated Press -
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