Economy News An Inflation Uptick Could Delay Fed Rate Cuts, A Problem For The Economy And Biden’s Reelection

The Fed Is Increasingly Torn Over a December Rate Cut

As data went dark from the government shutdown, inflation hawks pushed to pause rate cuts at a contentious October meeting. The divide might not end soon. Read More

Fed policymakers divided over need for more rate cuts

U.S. central bankers who have supported two interest rate cuts this year signaled on Monday divergent views on the need for more, underscoring the challenge for Federal Reserve Chair Jerome Powell as ... Read More

Fed's Hammack leans against more rate cuts because of high inflation

By Michael S. Derby NEW YORK (Reuters) -Cleveland Federal Reserve President Beth Hammack said on Thursday ongoing high levels of inflation argue against the U.S. central bank cutting interest rates ... Read More

Economists Debate Fed Rate Cut Amid Inflation

Supporters of a cut say real interest rates—rates after inflation—are high enough to restrain the economy even if the Fed trims by a quarter point. They argue that a small cut could support credit ... Read More

Inflation remained well above the Fed's target in September ahead of rate cut decision

Inflation stayed elevated in September and remained well above the Federal Reserve's target rate as policymakers prepare to meet next week to decide on their forthcoming interest rate move. The Bureau ... Read More

Inflation is still rising, CPI likely to show - but maybe not fast enough to stop Fed rate cuts

Consumer-price index to be published during shutdown to finalize Social Security COLA Inflation might not have Americans spooked, but they are tired of paying more. The Federal Reserve is likely to ... Read More

New CPI data resets December Fed interest rate cut

Economists say softer CPI data gives the Federal Reserve breathing room as labor markets weaken. Inflation is not as hot at the moment. Hence, your wallet and your portfolio could be getting an extra ... Read More

CPI Report Expected to Show Continued Inflation

The Bureau of Labor Statistics rescheduled the release of the September Consumer Price Index report to Oct. 24 due to the government shutdown. The report was originally scheduled for Oct. 15. Read More

White House says government shutdown could eliminate next inflation report despite optimistic numbers

The White House claimed Friday that the government shutdown could delay or eliminate the next inflation report, causing economic fallout. The Rapid Response 47 account on X wrote Friday, "The White ... Read More

Inflation climbs to highest level since January, beef prices soar

A recent uptick in prices has coincided with a sharp slowdown of hiring. Consumer prices rose 3% in September compared to a year ago, extending a monthslong uptick that has sent inflation to its ... Read More