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2 mins read
Powell rebuts a GOP congressman who suggested the Fed drop its mission to boost employment during recessions
Rep. French Hill of Arkansas proposed the Fed nix its employment target and focus solely on inflati…
Ben Winck
2 mins read
Fed Chair Powell stands firm amid questioning about whether Trump will push him out
Fed chair Jerome Powell said he won't resign even if President-elect Donald Trump asks him to leave…
Ayelet Sheffey
2 mins read
US Fed cuts interest rates by 25 bps, Powell notes Trump's victory to have no impact on policy decisions
The US Federal Reserve cut interest rates for the second time this year, lowering them to 4.5-4.75%…
1 min read
The Fed's rate decision shows its focus has shifted from inflation to the labor market
"The Fed is more worried about the labor market and less concerned about inflation at this point," …
Filip De Mott
2 mins read
The Fed's lone dissenter on the big rate cut says she's concerned about 'premature declaration of victory' over inflation
Michelle Bowman said such a big initial rate cut could complicate the Fed's mission of getting infl…
Kelly Cloonan
1 min read
New York Fed chief says it's time to lower rates with inflation cooling and the labor market slowing
Following the August jobs report, John Williams said the economy is "now in equipoise," with easing…
Kelly Cloonan
2 mins read
The Fed will go bigger with rate cuts than markets think, Citi economist says
The Fed could cut 125 basis points by the end of the year if the labor market continues to cool, Ci…
Kelly Cloonan
3 mins read
Here's why the stock market is throwing a tantrum about new inflation data
Annual inflation cooled to its lowest level in three years, but the stock market still isn't happy.
Jennifer Sor
3 mins read
The Fed's interest-rate cut put Trump even more at odds with the central bank
Donald Trump has argued that the Fed would only cut interest rates close to the election to help hi…
Ayelet Sheffey,Brent D. Griff…
1 min read
We just got another sign inflation is cooling
New data shows labor costs are slowing, which could give the Fed more confidence that inflation is …
Kelly Cloonan
1 min read
Why the Fed won't cut rates until December, according to Bank of America
"We think the Fed can be patient," Bank of America economists wrote in new research.
Kelly Cloonan
2 mins read
Stock market today: Dow rises 462 points as stocks rally after Powell says rate cuts are coming
"The Powell pivot is here, as the Fed has now firmly turned dovish," Carson Group strategist Ryan D…
Matthew Fox
2 mins read
Americans just got the biggest confirmation yet of an interest rate cut next month — but the job market hangs in the balance
"The time has come for policy to adjust," Fed Chair Jerome Powell said at Jackson Hole, all but con…
Ayelet Sheffey
2 mins read
Interest rates remain steady once again — but it's likely the Fed will cut rates in September
The Federal Reserve held interest rates steady in its July meeting as pressure mounts on the centra…
Ayelet Sheffey
3 mins read
Wall Street knows interest rate cuts are coming. What matters is how big they'll be.
Federal Reserve Chair Jerome Powell will deliver his biggest speech of the year at Jackson Hole. Wa…
Ayelet Sheffey
3 mins read
Why everyone from Joe Manchin to the DSA is happy with Tim Walz
Tim Walz went from a moderate House member to a progressive governor. But some of his appeal is pro…
Bryan Metzger
2 mins read
Stock market today: Tech drags indexes lower, small-caps soar after inflation data boosts rate-cut bets
Investors took cooler June CPI as a sign to rotate out of some of the most richly valued names in t…
Max Adams
2 mins read
Say goodbye to any hope of a rate cut next month
The 272,000 jobs added in May exceeded all 77 estimates collected by Bloomberg.
Filip De Mott
2 mins read
Monetary Policy Committee keeps repo rate unchanged at 6.5%, confirms RBI governor Shaktikanta Das
The Indian central bank’s rate-setting panel, the Monetary Policy Committee (MPC), has kept the rep…
3 mins read
Trump doesn't think interest rate cuts should happen before the election
Former President Donald Trump said Fed members "know" they shouldn't cut rates soon, but many econo…