Economy News Fed’s Barkin Says Economy Looks ‘pretty Good,’ But Labor Market Bears Watching

Fed's Barkin looks forward to more economic clarity as data flow resumes

Richmond Federal Reserve President Thomas Barkin said on Tuesday he hopes coming data and ongoing community interviews will help clarify where the economy is heading, with U.S. central bank ... Read More

Fed's Barkin flags growing tension between inflation fight, cooling job market

Federal Reserve Bank of Richmond President Tom Barkin said Tuesday that the U.S. central bank is feeling pressure on both sides of its dual mandate, with inflation still running above target and job ... Read More

The shutdown is complicating the Fed’s ability to help the economy

The Federal Reserve was already facing one of its most difficult battles, steering a shifting economy through a weakening labor market and stubborn inflation. The government shutdown just made that ... Read More

Fed cuts interest rates for second time this year amid labor market weakness

The Federal Reserve on Wednesday announced its second interest rate cut of this year as policymakers moved to support the labor market despite inflation remaining above the central bank's target. Fed ... Read More

Economy growing at ‘moderate pace,’ Fed says, but weaker labor market justifies rate cut

The Fed on Wednesday said the economy "has been expanding at a moderate pace," but it also contended that the risks of rising unemployment and "uncertainty about the economic outlook" necessitated a ... Read More

Government shutdown blocks key GDP data release – what do the Fed's models say about economic growth?

The ongoing government shutdown delayed the release of the Commerce Department's initial estimate of the third-quarter gross domestic product (GDP), as other data sources suggest solid economic growth ... Read More

Powell Wraps Up Press Conference, Notes ‘Pretty Challenging Situation’ from Conflicting Inflation and Labor Market Risks

U.S. Federal Reserve Chair Jerome Powell after the press conference following the Fed’s interest rate cut Wednesday. (Kevin Lamarque/Reuters) Jerome Powell wraps up his post-meeting press by noting ... Read More