The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship.
The Federal Reserve opted on Wednesday December 13 to hold interest rates at the same level they’ve sat since July
The top bosses of JPMorgan, Morgan Stanley, Goldman Sachs and other major banks warned lawmakers Wednesday that capital hikes and other new regulations being contemplated by U.S. bank regulators will hurt lending, capital markets and the broader economy.
Bank of America (BOA) and Deutsche Bank (DB) both released outlooks Monday predicting the Federal Reserve will implement interest rate cuts next year
The Federal Reserve again decided to keep interest rates at the same level, the central bank announced Wednesday, though rates remain at their highest level since 2001, causing sweeping effects on the economy.
The United States government will run a deficit of around $2 trillion, double last year's number, for the fiscal year that ends in just over three weeks.
U.S. consumer spending increased by the most in six months in July as Americans bought more goods and services
The first two quarters of 2022 had seen U.S. economic output contract at a 1.6%
Private sector companies added far more jobs than expected in July, pushed higher by a boom in leisure and hospitality jobs, payroll processing firm ADP reported on Wednesday, August 2.
Morgan Stanley raised its economic growth forecast up this week, citing a "boom in large-scale infrastructure" driven by President Biden’s Infrastructure bill, according to reports.
U.S. Inflation Unlikely to Fall to the Fed's 2% Target until at Least 2025, According to Jerome Powell
The Fed chairman's remarks on Friday suggested the central bank's fight against inflation is far from over – raising the possibility that policymakers will keep raising interest rates until price pressures cool further.
The Federal Reserve held interest rates steady on Wednesday, June 14, but FOMC officials signaled they are prepared to raise rates again this year in due course to keep the fight against stubborn inflation.