Fed’s Powell: Elevated inflation will likely delay rate cuts this year

Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed rate cuts until later this year, opening the door to a period of higher-for-longer interest ... Read More

US growth may be a global boon, but inflation could derail the train

U.S. economic growth that keeps motoring above its potential is emerging as a key prop for an ongoing global expansion, but spillovers from persistently high inflation and tight monetary policy in the ... Read More

China’s Xi meets foreign business leaders amid jitters over economy

Taipei, Taiwan – Chinese President Xi Jinping met with American business leaders and academics at Beijing’s Great Hall ... at a time when global businesses are very wary of China.” ... Read More

The Fed is meeting today. Here's what experts are saying about the odds of a rate cut.

Experts said the Fed's latest economic ... The good news, said LendingTree economist Jacob Channel, is that the Fed also isn't likely to raise rates even with inflation cooling less quickly ... Read More

Fed’s preferred inflation gauge rose 2.8% in February — reducing hopes for quicker rate cuts

The core Personal Consumption Expenditures Price Index — the Fed’s preferred gauge of inflation — rose ... exports, and business investment in buildings and software. It marked the sixth ... Read More

FOX BUSINESS

Fox News contributor Bill ... Biden and Congress. FOX Business host Larry Kudlow calls out the Biden administration for failing to rebuke China over the country's illegal import of Russian and ... Read More

Fed's rate-cut confidence wobbles as elevated inflation persists

As Federal Reserve officials last year started steering the world towards possible interest rate cuts in 2024, they took heart in data showing inflation over many months had collapsed to the U.S. Read More

An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually

A measure of inflation that is closely tracked by the Federal Reserve slipped last ... credit card borrowing and business loans. They might also aid Biden’s re-election prospects. Read More

Yellen warns China's surplus of solar panels, EVs could be dumped on global markets

“China’s overcapacity distorts global prices and production patterns ... industry domestically with investments from the 2022 Inflation Reduction Act, along with other legislation like the ... Read More

China’s Role in EVs Is Splitting the Global Auto Market in Two

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order ... Read More

Fed keeps interest rates unchanged, still expects three cuts this year

Inflation reports at the beginning of the year showed price pressures remained “elevated,” in the Fed’s view, but “haven’t really changed the overall story, which is that of inflation ... Read More

The Fed's inflation story 'hasn't really changed': Morning Brief

The Federal Reserve ... s path at least a half dozen more times. And so the bumps will continue. But as Powell made clear elsewhere in his press conference, returning inflation to 2% "is our goal ... Read More