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

Sharp disagreements over economy threaten Federal Reserve interest rate cut

The differences have been exacerbated by the government shutdown’s interruption of economic data, a particular challenge for a Fed that Chair Jerome Powell has often described as “data dependent.” The ... Read More

Inflation, government shutdown reduces confidence for another Fed rate cut

The Federal Reserve is contending with two main obstacles — a dual mandate of keeping prices in check and sustaining job growth and a lack of economic data caused by the government shutdown. Those ... Read More

Fed's Waller Backs Rate Cut In December Amid Weakening Labor Market: 'Not Worried About Inflation Accelerating'

Federal Reserve Governor Christopher Waller argued for "continuing rate cuts" on Monday, stating he supports cutting the Fed’s policy rate at its next meeting in December to manage risks from a ... Read More

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

Fed’s Jeffrey Schmid Warns Rate Cuts Could Have Long-Lasting Impact On Inflation

Federal Reserve Bank of Kansas City President Jeffrey Schmid said on Friday that further interest rate cuts could have longer-lasting effects on inflation. “I do not think further cuts in interest ... Read More

Federal Reserve cuts key rate as government shutdown clouds economic outlook

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 year ... Read More

Federal Reserve cuts rates to lowest level in three years

• The Federal Reserve said Wednesday it is lowering its benchmark interest rate by a quarter point, but offered no clear outlook for its next decision, due in December. • Central bank officials have ... Read More

Fed cuts rates as shutdown clouds economic dashboard

The Federal Reserve cut its interest rate target on Wednesday for the second time since President Donald Trump entered his second term, a further move toward easing monetary policy. After a two-day ... 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

Fed Is Likely to Cut Rates Again as ‘Insurance’ Against a Weakening Economy

With the job market cooling and inflation still about a percentage point above the central bank’s 2% target, Fed officials have sought to balance both sides of their dual mandate by moving cautiously ... Read More

Fed rate cut is too little, too late — time to show glum Jerome Powell the door

Commerce Department data and record stock-market highs indicate the US economy is on a tear so far under President Donald Trump. Yes, inflation is still a bit too high at 3% — but under Joe Biden, we ... Read More