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

Fed cuts key rate again to support slowing economy

WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. “Job gains ... Read More

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 ... Read More

I Asked ChatGPT What More Fed Rate Cuts Mean for the Economy — Here’s What It Said

The Federal Reserve finally lowered interest rates in September, cutting its benchmark lending rate by a quarter of a point to a new range of 4% to 4.25%. It was the first rate cut in 2025. Many ... Read More

Inflation Hits Hard: Nearly a Quarter of U.S. Households Now Living Paycheck to Paycheck

According to a recent study by theBank of America Institute, the share of households living paycheck to paycheck has jumped, with lower-income families particularly feeling the squeeze. This ... Read More

Fed cuts key rate by quarter percentage point for second time this year

The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. “Job gains have slowed this ... Read More

Federal Reserve issues 2nd rate cut of 2025

The rate went from 4.1% to about 3.9%. The central bank had cranked its rate to roughly 5.3% in 2023 and 2024 to combat the biggest inflation spike in four decades Big picture view: The Fed stayed ... Read More

Fed slashes key rate despite high inflation

WASHINGTON -- The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring, even as inflation stays elevated. But Fed Chair ... Read More

Growth is slowing, and inflation is easing. More Fed rate cuts are the right response.

Inflation is on Federal Reserve Chair Jerome Powell's radar, but isn't the central bank's biggest concern right now. The slowdown in job creation since January suggests the economy is not running as ... Read More

Inflation fight divides Fed as prices stay painfully high

Borrowing gets cheaper, but food, rent and energy costs don’t. The Fed cut rates to 3.75%–4.00% aiming to boost a slowing economy. Officials warn inflation is “too high,” creating division over ... Read More

Inflation, politics and data blackout collide around Fed’s rate cut decision

The Federal Reserve is poised to cut interest rates again this week, but the environment surrounding that decision is unusually fraught for the central bank. A month-long government shutdown has ... Read More