Economy News U S Economy Little Changed In Recent Weeks Outlook Deteriorated Fed Survey

Economy growing at ‘moderate pace,’ Fed says, but weaker labor market justifies rate cut

The Fed on Wednesday said the economy "has been expanding at a moderate pace," but it also contended that the risks of rising unemployment and "uncertainty about the economic outlook" necessitated a ... Read More

CBS News poll finds rising concern over government shutdown impact on economy, Americans personally

Anthony Salvanto, Ph.D., is CBS News' executive director of elections and surveys. He oversees the CBS News Poll and all surveys across topics and heads the CBS News Decision Desk that estimates ... Read More

Slowdown in US hiring suggests economy still needs rate cuts, Fed's Powell says

WASHINGTON (AP) — A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice ... Read More

Dollar mixed ahead of Fed rate decision

NEW YORK (Reuters) -The dollar was mixed on Wednesday before the Federal Reserve is expected to cut rates, with investors focused on Fed Chair Jerome Powell's outlook for the economy even as the ... Read More

Fed struggles to assess state of US economy as government shutdown shuts off key data

When it comes to setting monetary policy for the world’s largest economy, what data drives decision-making? In ordinary times, Federal Reserve Chair Jerome Powell and voting members of the Federal ... Read More

Chicago Fed Estimate Sees Little Change in Unemployment This Month

An estimate published Monday by the Chicago Fed suggests that the U.S. unemployment rate has held mostly steady over the past two months, while the government shutdown has delayed official figures. Read More

Powell said the Fed will know if something big happens to the U.S. economy

Jerome Powell said the government shutdown would not prevent the Federal Reserve from recognizing if the U.S. economy suddenly faced great difficulty or showed a big rebound. "I think if something ... Read More

U.S. economy at risk of wobble as lower-income consumers get squeezed

WASHINGTON -The U.S. consumer’s durability as a prop for the economy may be tested in coming weeks as family budgets, particularly among the less affluent, are stressed by rising healthcare costs, the ... Read More

Takeaways: Fed Chair Powell says don’t count on a December rate cut

The Federal Reserve on Wednesday lowered interest rates for the second time this year in a continued bid to prevent unemployment from surging. But another rate cut at the next meeting in December “is ... Read More

Week Ahead for FX, Bonds: Fed Expected to Cut Rates; U.S.-China Talks Eyed

All eyes in the coming week will be on the U.S. Federal Reserve, which is widely expected to cut interest rates by another 25 basis points, even as the U.S. government shutdown continues. In Europe, ... Read More

Dollar ends week lower amid Fed outlook, US government shutdown

The dollar retreated in early Asia trade on Friday, leading declines among major currencies as investors lacking official data on the U.S. labour market seized upon signs of weakness in private sector ... Read More