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

Fed hawks blast rate cut, say US inflation is too high

Two regional Federal Reserve bank presidents on Friday aired their disagreement with the U.S. central bank's decision to cut interest rates this week, saying the labor market doesn't need the support ... 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

Fed Cuts Rates Again As Inflation Stays High, Trump's Tariffs Strain Economy

The Federal Reserve has cut interest rates for the second time in six weeks as inflation remains high and the US labor market shows more signs of strain. The Fed announced the approval of a ... Read More

Fed Officials May Shine Some Light on the Economy Amid Lack of Government Data Due to Shutdown

As the government shutdown enters its second week, the closure of some federal agencies leaves investors and economists in the dark as to where the economy is or might be headed. In the meantime, the ... Read More

Consumers Expect Inflation To Get Worse, Even As Fed Cuts Rates

Consumers expect inflation to get worse, according to surveys, but many economists and Fed officials are optimistic that it will ease. A relatively tame inflation report in September gave ammunition ... Read More

Slowdown in US hiring suggests economy still needs rate cuts, Fed's Powell says

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