Charting the Global Economy: Weak Jobs, Steady Inflation Seal Fed Rate Cut

A record downward revision to annual US job growth, paired with no surprises in the latest inflation data, sealed the deal for the Federal Reserve to cut interest rates next week. Read More

Unemployment, inflation and GDP growth will be worse this year than projected, budget office says

The Congressional Budget Office has released new economic projections, indicating that unemployment, inflation and overall growth will worsen in 2025 before improving over the next year. Read More

Inflation heated up as expected in August to the highest rate since January

Inflation ticked up to 2.9% in August, the highest rate since January. Read More

Powell signals Fed may cut rates soon even as inflation risks remain

JACKSON HOLE, Wyo. — Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and ... Read More

Fed rate cut now signals 3% inflation is the new 2%

The Federal Reserve is widely expected to cut interest rates next week even though inflation is still around 3%, a full percentage point above the official goal. This raises an uncomfortable question: ... Read More

Higher 'core' inflation reading unlikely to knock Fed off course for rate cut in September

A fresh reading on the Federal Reserve’s inflation gauge inched up again, but it isn’t likely to knock the central bank off course to cut rates in September. “Today’s in-line PCE Price Index will keep ... Read More

Higher 'core' inflation reading unlikely to kick Fed off course for rate cut in September

A fresh reading on the Federal Reserve’s inflation gauge inched up again, but it isn’t likely to kick the central bank off course to cut rates in September. “Today’s in-line PCE Price Index will keep ... Read More