Economy News Us Economy News Today What Will The Fed Chair Say About The Economy This Week

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

Hassett Emerges as Frontrunner in Trump Fed Chair Audition

White House National Economic Council Director Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people ... Read More

Traders Push US 10-Year Yield to 4% as Hassett Tops Fed Field

Traders boosted bets on lower interest rates over the next year, reflecting the consensus view that Hassett would carry out the aggressive reductions in borrowing costs that President Donald Trump has ... Read More

Fed governor says current economy is 'calling for large interest rate cuts' to help job market

Fed governor Stephen Miran calls for large interest rate cuts, warning that current policy is "holding the economy back" and pushing unemployment higher. Read More

Suddenly, the Fed interest rate cut in December looks like it is very much back on the table

Last week, Wall Street seemed to have decided that a December cut was off the table. Today speculators put the probability of Fed Chairman Jerome Powell delivering a rate cut at 75.5%. Read More

The Fed is divided over cutting interest rates. Here's why that matters

If the Fed holds interest rates steady as a means of protecting against tariff-induced inflation, it risks a deeper slowdown of the labor market. On the other hand, if the Fed lowers rates to ... 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

US Federal Reserve pumps cash into Wall Street as banking system shows signs of stress

Analysts say recent Wall Street activity shows pockets of global money markets are coming under strain. It has got some people worried the world could be heading towards another global credit crunch. Read More

Good chance Trump may unveil Fed pick by Christmas, Bessent says

U.S. Treasury Secretary Scott Bessent said on Tuesday he was concluding a second round of interviews later in the day for a new U.S. Federal Reserve leader, and there was a good chance President ... Read More

Is the Federal Reserve likely to cut interest rates in December? Here's what economists say.

The government's latest jobs data could affect whether Federal Reserve officials continue their push to ease borrowing costs. Read More