U.S. Economy

Federal Reserve Hints at Rate Hike Amid Inflation Concerns; U.S. Home Sales Decline

The Fed may consider raising interest rates if inflation accelerates, according to minutes from the last meeting.

U.S. Economy

Fed to Stay at Current Rate Horizon Citing Inflation for Longer than Anticipated

The Federal Open Markets Committee (FOMC) concluded its two-day monetary policy meeting with a unanimous decision to let the Fed funds target rate stay at 5.25%-5.50%.

U.S. Economy

U.S. Private Sector Growth Unexpectedly Slows In April, Marks Lowest Increase In 4 Months: 'Drivers Of Inflation Have Changed'

The latest indications on U.S. private sector activity reveal a sharp and unexpected slowdown in the pace of growth in April 2024.

U.S. Economy

Inflation Accelerates More than Expected in March as High Prices Persist

Inflation accelerated in March for the third straight month, keeping prices painfully high for millions of Americans and likely delaying any interest rate cuts by the Federal Reserve.

U.S. Economy

Powell: Economy Progresses, but Inflation Still 'Too High' to Adjust Benchmark Rate

On Wednesday, March 20, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being.

U.S. Economy

Powell Emphasized that Fed isn't Ready to Start Cutting Interest Rates

Fed Chairman Jerome Powell on Wednesday, March 6, reiterated that he expects interest rates to start coming down this year, but is not ready yet to say when.

U.S. Economy

Inflation Slowed Further in December as an Economic ‘Soft Landing’ Moves into Sharper Focus

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.

U.S. Economy

Fed Kept Interest Rates Flat Again — But Barely Budged on 2024 Rate Cut Forecasts

The Federal Reserve opted on Wednesday December 13 to hold interest rates at the same level they’ve sat since July

U.S. Economy

Wall Street Bank Bosses Warn Lawmakers of Economic Toll From Tough New Rules

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.

U.S. Economy

Bank of America, Deutsche Bank Predict Interest Rate Cuts in 2024

Bank of America (BOA) and Deutsche Bank (DB) both released outlooks Monday predicting the Federal Reserve will implement interest rate cuts next year

U.S. Economy

Leading Indicators Continue to Signal a Recession

A gauge of future economic activity declined in October, after falling in September, on worsening consumer expectations, the Conference Board reported on Monday.

U.S. Economy

Fed Holds Interest Rates Steady For Second Meeting In A Row—As Rate Hikes Weigh On Markets

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.

U.S. Economy

Why America's Deficit Doubled to $2 Trillion in One Year

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. Economy

U.S. Consumer Spending Accelerates, but Declining Savings a Concern

U.S. consumer spending increased by the most in six months in July as Americans bought more goods and services