Economy News Us Economy News Today Fed Officials Say Inflation Fight Is Still On Track

This week’s Fed meeting will highlight the central bank’s challenge: Preventing a recession while tackling inflation

Six weeks ago, Federal Reserve Chair Jerome Powell surprised everyone by saying that an interest-rate cut at the central bank’s next meeting in December was unlikely to happen. Read More

Even if Fed cuts rates again, U.S. economy may not get much of a boost

Rate-sensitive industries, like housing, could see a limited benefit from lower borrowing costs because prices remain near record highs. Read More

Here’s what the latest inflation and spending data reveals about the US economy

Key monthly metrics from the US government continue to be released now that the shutdown has ended. Next up: September wholesale inflation and retail sales. Read More

The Fed's favorite measure of inflation stayed hot in belated report

Key Takeaways Inflation in September showed a mixed trend with overall inflation accelerating and "core" inflation, which excludes food and energy, slowing down.The decrease in core inflation was ... Read More

Fed’s preferred inflation gauge stayed elevated in September as spending weakened

The Federal Reserve’s preferred measure of inflation slowed a bit in September, likely easing the way to a widely expected interest rate cut by the central bank next week. Read More

4 Fed officials strike hawkish tone on rate cuts, citing inflation concerns

A growing chorus of Fed officials say they would have preferred to hold interest rates steady this week, voicing concern about inflation. Kansas City Federal Reserve president Jeff Schmid said Friday ... Read More

Consumer spending stalled in September as inflation remained stubborn

The last piece of official inflation data to land before the Federal Reserve’s policymaking meeting next week was a shutdown-delayed report that showed the pace of price hikes remained stubborn in ... Read More

US Fed on track to cut rates again in penultimate decision of 2025

The US Federal Reserve is almost certain to cut interest rates for a second straight meeting on Wednesday, and could also shed light on what it will do next. Analysts and traders expect most ... Read More

Government shutdown blocks key GDP data release – what do the Fed's models say about economic growth?

The ongoing government shutdown delayed the release of the Commerce Department's initial estimate of the third-quarter gross domestic product (GDP), as other data sources suggest solid economic growth ... 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