US Economy News Today: Powell Says Recent Inflation Data Does Not Offer Confidence

Federal Reserve Chair Jerome Powell spoke amid a slew of his colleagues' speaking engagements. Federal Reserve Chair Jerome Powell confirmed what financial markets had already mostly guessed: the Fed ... Read More

Fed's Goolsbee says 'stalled' inflation progress puts policy on hold

Progress on bringing down inflation has "stalled" this year, Chicago Federal Reserve President Austan Goolsbee said on Friday, becoming the latest U.S. central banker to retreat from an earlier focus ... Read More

Elevated inflation will likely delay interest rate cuts this year, warns Federal Reserve Chair Powell

"Recent data have clearly not given us greater confidence" that inflation is coming fully under control and "instead indicate that it's likely to take longer than expected to achieve that confidence," ... Read More

What if Fed rate hikes are actually sparking US economic boom?

As the US economy hums along month after month, minting hundreds of thousands of new jobs and confounding experts who had warned of an imminent downturn, some on Wall Street ... Read More

Here’s what would happen to the US economy if there are no rate cuts this year

Federal Reserve officials have been saying for months they need to see more convincing data demonstrating that inflation is on a sustainable path to 2% before they can feel comfortable cutting rates. Read More

Economist who predicted no 2024 interest-rate cuts blames Fed for inflation resurgence

Inflation is remaining hotter than expected for longer than the Federal Reserve would like — and policy makers may have no one to blame but ... Read More

US economic activity expanded slightly in recent weeks, Fed says

U.S. economic activity expanded slightly from late February through early April and firms signaled they expect inflation pressures to hold steady, a Federal Reserve survey showed on Wednesday, ... Read More

Will $52.9B in new federal spending make inflation worse?

Heading into this week’s federal budget, one question loomed large: would new spending fuel inflation and make it harder for the Bank of Canada to start cutting interest rates? Read More

Fed CEO remains optimistic on economy, inflation

Thomas Barkin, president and CEO of the Federal Reserve Bank of Richmond, is optimistic that the economy will remain strong and inflation can be kept under control. Read More

World economy: To cut or not to cut (simultaneously)?

For the ECB, we keep our forecast of a first rate cut in June, but we have ruled out our back-to-back cuts forecast (i.e. June, July and September), favouring a more gradual easing of one cut per ... Read More

Federal Reserve still foresees 3 interest rate cuts this year despite bump in inflation

For now, the officials kept their benchmark rate unchanged for a fifth straight time. Speaking at a news ... inflation in the economy’s vast service sector. While the Fed’s rate hikes ... Read More

USD/JPY Forecast: Fed Rate Path, Middle East News, Intervention Risks, and 155

USD/JPY holds at 154 amidst hawkish Fed rate outlook, with intervention threats, US data, and Middle East updates influencing the near-term trends. Read More