Economy News Sticky Inflation In A Key Part Of The U S Economy Is The Biggest Barrier To Fed Rate Cuts

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 Edges Up, But Less Than Expected, to 3% Rate

Annual inflation heated up slightly in September, but not as much as economists expected, giving the Federal Reserve a clear path for widely expected rate cuts heading into their remaining meetings ... Read More

Inflation hit 3% in September, reflecting stubborn price pressures on U.S. consumers

The sting of rising prices continues to linger. Consumer price growth hit 3% in September on an annual basis, the Bureau of Labor Statistics reported Friday, slightly higher than the 2.9% rate seen in ... Read More

Trump denies inflation is hurting Americans. It’s the same mistake that haunted Biden

We have no inflation,” President Donald Trump said in his “60 Minutes” interview Sunday evening. “Our groceries are down.” ... Read More

America’s inflation is back at 3%. That’s higher than normal but not out of control

The cost of living got even more expensive for Americans last month, with prices rising at the fastest pace since the start of the year. Consumer prices rose 0.3% in September, which drove the annual ... Read More

Dow Jones Top Markets Headlines at 7 AM ET: Global Markets Rise; U.S. Inflation Data Eyed, Gold, Oil Down | Trump ...

September U.S. inflation data is expected to have increased over the month. Trump Says He Is Terminating Trade Negotiations With Canada The rise in activity in Europe and Asia indicates that the ... Read More

Hiring slowdown suggests economy still needs rate cuts, Fed’s Powell says

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 more this year. Read More

Recession fears mount as Fed says more rate cuts could follow hiring slowdown

This is read by an automated voice. Please report any issues or inconsistencies here. A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said ... Read More

Fed lowers interest rates as it struggles to assess state of US economy without key government data

Even in the best of times, the Fed has a tough time interpreting the data and deciding how best to guide the US economy. Read More

How the U.S. Economy Has Defied Doomsday Predictions on Tariffs

Inflation is lower than expected after President Trump’s steep levies. Read More

Lower-Than-Expected Inflation Keeps Fed On Track For October Rate Cut

Diccon Hyatt is an experienced financial and economics reporter who has covered the pandemic-era economy in hundreds of stories over the past two years. He's written hundreds of stories breaking down ... Read More