Economy News High Interest Rates, Rising Inflation The Economy Still Isn’t Normal

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

Inflation has been creeping higher from a postpandemic low of 2.3% earlier this year due in part to the highest U.S. tariffs in decades. Read More

Fed official warns inflation is still too high for more rate cuts

Kansas City Fed President Jeffrey Schmid has been saying since the summer that inflation is too high. You’re probably one of the millions of Americans who agrees with him. And while some Federal ... Read More

Fed cuts interest rate by a quarter point as government shutdown clouds economic outlook

Wednesday’s decision brings the Fed’s key rate down to about 3.9%, from about 4.1%. The central bank had cranked its rate to roughly 5.3% in 2023 and 2024 to combat the biggest inflation spike in four ... Read More

Interest Rates Are Falling. Why Are People Still Buying Money Market Funds?

The Federal Reserve’s rate cut will reduce investor returns, yet money market funds remain a good deal, our columnist says. Read More

Fed Cuts Interest Rates Again to Protect Jobs as Economic Risks Grow

The Federal Reserve has once again cut its benchmark interest rate, aiming to revive the stagnant job market and prevent a surge in unemployment by lowering borrowing costs. Read More

Federal Reserve cuts rates to lowest level in three years

The Federal Reserve was widely expected to lower interest rates by a quarter point in order to support the waning job market. Read More

Chicago economy lags as tariffs and high interest rates bite deeper

Economic growth in Chicago is lagging the national pace with uncertainty about tariffs and high borrowing costs hitting the area harder than the rest of the country, according to PNC’s top economist. ... Read More

UCLA forecasts ‘stagflation-lite’ economy with higher inflation and unemployment

This is read by an automated voice. Please report any issues or inconsistencies here. The U.S. economy will be hampered in the coming months by the Trump administration’s tariffs, which along with ... Read More

Recession seems far off — that’s the good news. Yet the economy is also far from trouble-free.

Enough trouble spots emerged in the U.S. economy to coax the Federal Reserve to cut interest rates last week — but it turns out the news isn’t all that bad. A bevy of recent reports also show ... Read More

Allison Schrager: A zombie economy could be America’s future

Over the next decade, the U.S. economy will face two big challenges: higher interest rates and AI-generated disruption. Each invites the same solution: policies to keep rates below their market level. Read More

How do lower interest rates impact your life?

As the Bank of Canada lowers its overnight lending rate, here's what it means for the average Canadian — from your savings account, to your car loans, to your small business and your mortgage. Read More