Economy News Fed Minutes Show Inflation Risk Still Too High, But Economy To Avoid Recession
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Fed official warns inflation is still too high for more rate cuts
Federal Reserve officials are divided again over the direction of interest rates. Kansas City Fed President Jeffrey Schmid has been saying since the summer that inflation is too high. You’re probably ... Read More
The Fed's favorite inflation indicator hit 2.8% in September, delayed data shows
Personal spending appears to have stalled in September, another economic warning sign for the Fed to consider as it weighs whether to cut interest rates. Read More
Fed governor says current economy is 'calling for large interest rate cuts' to help job market
Fed governor Stephen Miran calls for large interest rate cuts, warning that current policy is "holding the economy back" and pushing unemployment higher. Read More
December interest rate cut in doubt as Fed minutes show policymakers divided
The minutes of the Federal Reserve's policy meeting last month show that the path for interest rate cuts in December and early next year is far from certain. Policymakers on the Federal Open Market ... Read More
How can the Fed be cutting interest rates again with inflation running so high?
Consumer-price inflation is at 3%, well above the Federal Reserve's target Federal Reserve Chair Jerome Powell speaks at a news conference in September. The Federal Reserve is almost universally ... Read More
Is the Federal Reserve likely to cut interest rates in December? Here's what economists say.
Just a few weeks ago, a December interest rate cut was viewed as practically a done deal by many economists. Now, with fresh government data showing solid U.S. job growth in September, many ... Read More
Fed rate cut is too little, too late — time to show glum Jerome Powell the door
Commerce Department data and record stock-market highs indicate the US economy is on a tear so far under President Donald Trump. Yes, inflation is still a bit too high at 3% — but under Joe Biden, we ... Read More
FOMC Minutes Show Divided Fed, And Cast Doubt On December Interest Rate Cut
Diccon Hyatt is an experienced financial and economics reporter. He's written hundreds of articles breaking down complex financial topics in plain language, emphasizing the impact that economic ... Read More
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