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.
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.
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.
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.
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
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.
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
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.
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.
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. 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
Fed, Economists Make Course Correction on U.S. Recession Predictions
The first two quarters of 2022 had seen U.S. economic output contract at a 1.6%
Private Sector Added 324,000 Jobs in July, Well Above Expectations, ADP Says
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 Raises Economic Growth Forecast, Citing Biden Infrastructure ‘Boom’
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.