Economy News Us Economy News Today Powell Says Recent Inflation Data Does Not Offer Confidence

Sharp disagreements over economy threaten Federal Reserve interest rate cut

What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy’s health and whether stubborn ... Read More

What Powell Says Today Could Matter More Than What the Fed Actually Does with Rate Cuts

The Federal Reserve meets on Wednesday, with Wall Street almost certain it will deliver a quarter-point rate cut, lowering the federal-funds ... Read More

Fed struggles to assess state of US economy as government shutdown shuts off key data

When it comes to setting monetary policy for the world’s largest economy, what data drives decision-making? In ordinary times, Federal Reserve Chair Jerome Powell and voting members of the Federal ... Read More

White House says key economic reports may not be released

After Leavitt’s briefing, the White House clarified that September’s jobs report, for which data was collected before the government shut down, would be released once the stoppage ended. However, ... Read More

Jerome Powell’s era of consensus at the Fed is over

Federal Reserve policymakers are split over whether they should continue cutting interest rates, ending the long stretch of consensus that has defined Chair Jerome Powell’s leadership of the central ... Read More

Another rate cut in December is not a foregone conclusion, Powell says at press conference

The Federal Open Market Committee discussions at its meeting on Tuesday and Wednesday showed "strongly differing views about how to proceed in December," Federal Reserve Chair Jerome Powell said on ... Read More

What today's inflation report says about the economy — and Social Security checks

Because of the shutdown, the federal government is belatedly releasing new Consumer Price Index numbers, which the Social Security Administration needs to adjust for next year's benefits. Well, much ... Read More

Recession fears mount as Fed says more rate cuts could follow hiring slowdown

This is read by an automated voice. Please report any issues or inconsistencies here. A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said ... Read More

Government shutdown standoff could trim $14 billion from GDP, CBO warns

FIRST ON FOX: The U.S. economy could lose up to $14 billion in economic growth due to the ongoing government shutdown, a new analysis said Wednesday. The nonpartisan Congressional Budget Office (CBO) ... Read More

Americans more worried about finding jobs as inflation persists under Trump

Nearly half of Americans lack confidence in finding a good job under Trump, a new AP–NORC poll shows. Inflation and rising costs for essentials are fueling widespread financial stress. Trump’s low ... Read More

Trump says ‘polls are fake’ after Ingraham says people are anxious over economy. What the data says.

A viral clip from President Donald Trump’s interview with Fox News host Laura Ingraham shows the president on defense over the state of the economy. Read More