Economy News Fed Minutes Show Officials See Inflation Slowing, Economy Cooling

The latest Fed minutes read like another nail in the coffin for a December interest rate cut

It's looking increasingly likely that Jerome Powell's Christmas gift to markets will be an economic lump of coal, rather than what's on Wall Street's wish list. Read More

Fed officials ‘expressed strongly differing views’ on December rate cut, meeting minutes show

A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their next meeting in December, ... Read More

FOMC Minutes Show Divided Fed, And Cast Doubt On December Interest Rate Cut

A Federal Reserve rate cut in December is looking less likely as minutes from the Fed's policy committee meeting show its members are sharply divided about how to proceed. Read More

December Rate Cut in Doubt as Fed Fault Lines Deepen, Minutes Show

The central bank’s decision to lower interest rates last month was more divisive than it first appeared as officials splintered over how to weigh a weakening labor market against rising inflation. Read More

Inflation fight divides Fed as prices stay painfully high

Borrowing gets cheaper, but food, rent and energy costs don’t. The Fed cut rates to 3.75%–4.00% aiming to boost a slowing economy. Officials warn inflation is “too high,” creating division over ... Read More

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

Growth is slowing, and inflation is easing. More Fed rate cuts are the right response.

Inflation is on Federal Reserve Chair Jerome Powell's radar, but isn't the central bank's biggest concern right now. The slowdown in job creation since January suggests the economy is not running as ... 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