Larry Summers Says Inflation Is The Biggest Risk For US Economy As Fed Cuts Rate By 25 Bps: Report

Former Treasury Secretary Larry Summers reportedly stated on Thursday that the biggest risk to the U.S. economy is not the job market, but inflation. In an interview with Bloomberg, Summers said the ... Read More

IMF says US economy showing strains; tariffs pose some risks to inflation

The U.S. economy is showing some strains after years of resilience, with domestic demand moderating and job growth slowing, the International Monetary Fund said on Thursday. Read More

Inflation spiked in August as Trump’s tariffs went into full effect ... and that’s not all the bad news for economy

Inflation spiked in August as Trump’s tariffs went into full effect ... and that’s not all the bad news for economy - Increases in the costs of food, shelter and energy caused inflation to spike and i ... Read More

Fed officials try to read conflicting signals on trajectory of the economy

WASHINGTON (TNND) — Federal Reserve officials are trying to parse through economic data pulling them in both directions of their dual mandate of maximum employment and stable prices as they weigh how ... Read More

Economy Primed for Lower Interest Rates as Inflation Remains a Problem

Now that the Federal Reserve has signaled lower interest rates are likely to come in the next month or so, attention will turn back to the underlying health of the economy. That will be clearer this ... Read More

Wages aren't keeping up with inflation, with some jobs falling further behind than others

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ... Read More

America’s job market flashes yet another warning sign about the economy

• The latest employment snapshot from the Bureau of Labor Statistics paints a bleak picture of the current state of the economy under President Donald Trump. • Labor market deterioration: Just 22,000 ... Read More

RBNZ Signals Further Rate Cuts to Revive Flagging Economy

New Zealand’s central bank cut interest rates to a three-year low and signaled further easing, saying the economy has stalled. The local dollar fell. The Reserve Bank’s Monetary Policy Committee ... Read More

The US housing market's historic slump could send inflation plummeting in the coming year

Inflation could be about to see a big drop, even with tariffs still looming over the economy. The US housing market will be a big driver of headline disinflation, according to Rosenberg Research, ... Read More

Economic Data Has Taken a Dark Turn. That Doesn’t Mean a Crash Is Near.

Inflation is up and job creation down, but the U.S. economy could still pull through without too much pain. By Lydia DePillis At the moment, the American economy feels a little bit like a hot August ... Read More

4 reasons why the Trump tariffs haven't caused U.S. inflation to soar

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to ... Read More

Cooler US producer inflation hints at softening demand

U.S. producer prices unexpectedly fell in August amid a compression in trade services margins and mild increase in the cost of goods, suggesting that domestic firms were probably absorbing some of the ... Read More