Economy News Economy Struggling With High Interest Rates And Stubborn Inflation

Inflation fight divides Fed as prices stay painfully high

The Fed’s decision was aimed at jump-starting a slowing economy clouded by stubborn sticky inflation and political tension. The Fed’s quarter-point cut to a 3.75%–4.00% benchmark rate makes borrowing ... Read More

Fed's Hammack leans against more rate cuts because of high inflation

Cleveland Federal Reserve President Beth Hammack said on Thursday ongoing high levels of inflation argue against the U.S. central bank cutting interest rates again. Read More

Federal Reserve leaves interest rates unchanged despite stubborn inflation

The Federal Reserve left interest rates unchanged on Wednesday, despite stubborn inflation that has resisted the central bank's fight to cool price increases. The move allows previous rate increases ... 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. Read More

Rescue the job market or stop inflation? A rate cut from the Fed this week could hit your wallet — and your paycheck

With inflation creeping higher again, cash sitting in a checking or low-rate savings account is effectively losing value. High-yield savings accounts are still offering returns above the current ... 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

The No. 1 money move to make after the latest Fed rate cut, according to experts

What's the smartest financial step to take now that the Fed has reduced its benchmark rate for the second time in 2025? Read More

Bessent says high US interest rates may have caused housing recession

Parts of the U.S. economy, particularly housing, may already be in recession because of high interest rates, U.S. Treasury Secretary Scott Bessent said Sunday, repeating his call for the Federal ... Read More

Why Friday's Inflation Report Is A Big Deal After This Week's Economic News

Diccon Hyatt is an experienced financial and economics reporter who has covered the pandemic-era economy in hundreds of stories over the past two years. He's written hundreds of stories breaking down ... Read More

No one can seem to kill America’s economy, despite everyone’s best efforts

Americans hate this economy, but they keep spending like they love it. The Commerce Department reported Friday that consumer spending rose 0.6% in August. Although that may not sound like a lot, it ... Read More