Economy News Sticky Inflation Is Still High But That Is A Good Sign For The Health Of The Economy
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Sharp disagreements over economy threaten Federal Reserve interest rate cut
What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy’s health and whether stubborn infla ... Read More
Sticky inflation reading unlikely to knock Fed off course for more rate cuts
A fresh reading from the Federal Reserve's preferred inflation gauge showed prices are still sticky, but the report isn’t likely to take the central bank off its course for more rate cuts in 2025 — ... Read More
Inflation fight divides Fed as prices stay painfully high
The Fed’s decision was aimed at jump-starting a slowing economy clouded by stubborn sticky inflation and political tension. The Fed’s quarter-point cut to a 3.75%–4.00% benchmark rate makes borrowing ... Read More
Fed's Schmid: Inflation risks remain, economy still showing momentum
WASHINGTON (Reuters) -Kansas City Fed president Jeffrey Schmid said on Friday that he dissented against cutting interest rates this week out of concern that continued high inflation and signs of price ... Read More
What today's inflation report says about the economy — and Social Security checks
Because of the shutdown, the federal government is belatedly releasing new Consumer Price Index numbers, which the Social Security Administration needs to adjust for next year's benefits. Well, much ... Read More
Powell: Slowdown in U.S. hiring suggests economy still needs rate cuts
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
Mexico economy set to recover slowly next year amid higher inflation risks - Reuters poll
BUENOS AIRES, Oct 20 (Reuters) - Mexico's economic growth is set to recover slowly in 2026 from this year's virtual stagnation amid higher inflation risks, a Reuters poll showed. Latin America's ... Read More
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