The odds of a September Fed rate cut look high after June jobs report — but it may be a tough call for Powell

The Federal Reserve is likely to resume lowering interest rates in September, but it won’t be an easy call for the central bankers, economists said Thursday in the wake of the June jobs report. Read More

What Division Inside the Fed Means for Future Interest-Rate Cuts

A brewing debate inside the Federal Reserve over how to address risks posed by President Trump’s tariffs threatens to end a period of relative unity, with officials potentially at odds over whether ... Read More

Slower inflation is boosting Americans’ attitudes toward the economy ...

Americans are feeling a greater sense of optimism about the US economy this month, thanks to slower ... the record low reached in June 2022, when inflation was ... annual rate of 2.5 ... Read More

How Slower Economic Growth and High Inflation Could Affect Interest ...

Now, to be sure, the inflation that we saw was transitory to a great degree because I mean, inflation did come down from over 6% to about 2.5% without the economy slowing down at all, so that ... Read More

Fed’s rate cuts likely to slow with inflation pressures still ...

Most Federal Reserve officials favor rate cut in September if inflation cools, minutes reveal By Christopher Rugaber, Associated Press U.S. employers add 206,000 jobs in June, sign of economic ... Read More

Economic news this week: See latest inflation, mortgage rates and more

The index fell as low as 48.6 when annual inflation peaked a 9.1% in June 2022. The Zeta index is derived from several key indicators – most are still on the rise. The clear outlier, though, is ... Read More

Economic news this week: See latest inflation, jobs numbers and more

The U.S. economy produced $22.9 trillion of goods on an inflation-adjusted annualized basis in the second quarter, according to the BLS. That pushed up GDP by 2.8% from the first quarter . Read More

Inflation slowed in August, paving way for interest rate cut

Inflation cooled significantly from a year-over-year rate of 2.9% recorded in the previous month. Price increases have fallen from a peak in 2022, but inflation remains higher than the Federal ... Read More

Economy Poised to Slow, Leading Indicator Shows - U.S. News

Meanwhile, the average rate on a 30-year fixed rate mortgage is now 6.98%, a slight increase since a week ago. And credit card interest rates continue to rise and now average around 24% annually. Read More

Fed's Powell says tariffs could lead to inflation, economic ... - CBS News

Powell said the inflation will likely be temporary, but "could also be more persistent," echoing a concern expressed by a majority of the Fed's 19-member interest rate-setting committee in the ... Read More

Slower inflation is boosting Americans’ attitudes toward the economy

The University of Michigan’s latest consumer survey, released Friday, showed that Americans’ attitudes toward the economy improved notably this month, rising 2% from August, according to a ... Read More

Slower inflation is boosting Americans’ attitudes toward the economy

By Bryan Mena, CNN Washington (CNN) — Americans are feeling a greater sense of optimism about the US economy this month, thanks to slower inflation. Voters also see a greater likelihood that ... Read More