Economy News With A Presidential Debate And New Inflation Data, The Week May Turn Volatile For Markets And The Economy
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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
Treasury Dept. says inflation is running 'above target' as Trump insists there is 'no inflation'
Treasury said the mass departure of federal workers, President Trump's immigration policy and artificial intelligence are all impacting the labor market. Read More
Inflation remained well above the Fed's target in September ahead of rate cut decision
Inflation stayed elevated in September and remained well above the Federal Reserve's target rate as policymakers prepare to meet next week to decide on their forthcoming interest rate move. The Bureau ... Read More
Fed's Powell says economy may be on firmer footing, but job market weak
Powell says Fed taking meeting-by-meeting approach to interest rate cuts Fed chief says elevated inflation partly due to impact of tariffs Hiring and layoffs remained low through September, he says ... Read More
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