Federal Reserve expected to cut interest rates for first time since 2020
Jerome Powell, chairman of the Federal Reserve testifies at the Senate Banking, Housing, and Urban Affairs hearing on March 7, 2024. The Fed Board meets…
Fed Chair Jerome Powell indicates interest rate cuts are coming amid lowered inflation
Federal Reserve Chairman Jerome Powell Friday indicated interest rate cuts are coming amid positive economic data on inflation dropping to an annual rate of 2.5%.…
Stocks fall sharply in broad-based sell-off after weak U.S. jobs report
Traders work on the floor of the New York Stock Exchange on Wall Street in New York City on July 29. All three indexes were…
Fed leaves interest rates unchanged as inflation substantially eases
Fed Chair Jerome Powell said Wednesday the Fed decided to leave interest rates unchanged. He said during a press conference that Inflation has eased substantially…
Jerome Powell suggests to Congress that Fed will hold on interest rates for now
Jerome Powell, chairman of the Federal Reserve, testifies at the Senate Banking, Housing, and Urban Affairs hearing on March 7. He told the committee on…
Federal Reserve expected to leave interest rates unchanged amid poor inflation data
The Fed was expected Wednesday to leave interest rates unchanged due to inflation that's still above the Fed's 2% threshold. Fed Chair Jerome Powell has…
States’ inflation varies, in part due to domestic migration
States with the highest population gains in recent years generally see higher inflation rates -- including the price of food -- than those that have…
Federal Reserve keeps interest rates unchanged as it watches inflation data
As the Federal Reserve meets Wednesday, economists were expecting no interest rate cut for this meeting. The Fed continues to adhere to its position that…
October job openings fall to 8.7 million; lowest since 2021
Job openings in October dropped to their lowest total in more than two years according to new statistics from the Labor Department released on Tuesday.…
Fed policymakers meet ahead of interest rate announcement
The two-day Fed policy meeting, led by Fed Chairman Jerome Powell, will culminate Wednesday with a customary announcement on whether the Central Bank will raise…
Fed Chair Powell: Inflation ‘remains too high,’ lending rates may be increased
Federal Reserve Board Chairman Jerome Powell said Friday that consumer spending remained robust and that inflation was too high, adding another rate hike may be…
Consumer sentiment moved ‘sideways,’ but is overall upbeat, University of Michigan says
Consumer sentiment in August changed little from July levels, though the final gauge from the University of Michigan showed this was second highest reading in…
U.S. wholesale prices up 0.1% in June, slowest annual pace in three years
1/2 Broader markets were at something of a standstill during the latter half of the week as traders weigh declines in prices at both the…
U.S. added 209,000 jobs in June; more interest rate hikes may be on the way
1/3 Data from June show hiring in the U.S. economy, though average gains over the first six months of the year were below year-ago levels,…
Fed Chair Jerome Powell doubles down on more interest rate increases
Federal Reserve Board Chairman Jerome Powell testifies before the House Financial Services Committee on June 21. He said on Wednesday that more interest rate hikes…
Fed Chair Jerome Powell tells Congress more interest rate hikes are likely
Federal Reserve Chairman Jerome Powell holds a news conference following the Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board…
A data point on U.S. jobless claims is the highest since late 2021
1/2 In further signs of a cooling economy, the U.S. Labor Department said the four-week average for first-time jobless claims hit a level not seen…
Democratic lawmakers urge Fed Chairman Jerome Powell not to raise interest rates
Democratic Sens. Elizabeth Warren, Bernie Sanders, Sheldon Whitehouse and other lawmakers urged the Federal Reserve to stop interest rate hikes to avoid damaging the economy.…
Banking regulators get bipartisan wrath in wake of recent bank closures
1/4 Bipartisan lawmakers had harsh criticisms Tuesday for financial regulators, grilling them over the collapse of Silicon Valley Bank (pictured), during a meeting of the…
VA lowers home loan interest rates for Native American veterans
The Department of Veterans Affairs announced it has lowered the interest rate, from 6% to 2.5%, for VA Native American Direct Loans to make housing…