Economy News Economy Struggling With High Interest Rates And Stubborn Inflation

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 infla ... Read More

Wait, I thought the economy was terrible. What happened?

“The economy is struggling to create jobs. The unemployment rate is low but it’s now showing some stress,” Zandi said, adding that the closer the rate gets to 5%, the greater the risk of a ... Read More

Fed Debate Heats Up: Cut Interest Rates to Save Jobs or Hold Firm Against Inflation?

A divided Fed faces tough choices ahead of its December meeting—cut rates to support jobs or hold firm to fight stubborn inflation. Read More

UK inflation rate falls for first time since March to 3.6%

As we've been reporting, the UK's inflation rate has fallen to 3.6% in the year to October, according to the Office for National Statistics. It's the first drop since March, and the lowest the rate ... Read More

Trump tells Americans the economy is better than ever at McDonald’s summit: ‘This is also the golden age’

The president said he wanted the term “affordability” to belong to Republicans, not Democrats amid growing economic anxiety. Read More

Fed Leans Toward December Rate Pause, Minutes Show

The bank could be moving toward another interest-rate cut this year. It could also be finished easing for now. Read More

How can the Fed be cutting interest rates again with inflation running so high?

Consumer-price inflation is at 3%, well above the Federal Reserve's target Federal Reserve Chair Jerome Powell speaks at a news conference in September. The Federal Reserve is almost universally ... Read More

Federal Reserve cuts key interest rate in bid to boost job market

The Federal Reserve on Wednesday cut its benchmark interest rate for the second time this year as it seeks to boost economic activity and rejuvenate the sluggish labor market despite concerns about ... Read More

Inflation hit 3% in September, reflecting stubborn price pressures on U.S. consumers

The sting of rising prices continues to linger. Consumer price growth hit 3% in September on an annual basis, the Bureau of Labor Statistics reported Friday, slightly higher than the 2.9% rate seen in ... Read More

How can the Fed be cutting interest rates again with inflation running so high?

The Federal Reserve is almost universally viewed as on track to cut interest rates next week, despite inflation running at a 3% annual rate in September — well above the Fed’s 2% target. What gives? Read More