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

Richmond Fed’s Barkin Sees Cause for Caution on Labor Market

Federal Reserve Bank of Richmond President Tom Barkin offered an optimistic inflation outlook, while suggesting the labor market may be weaker than available data signal. Read More

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

By Howard Schneider WINCHESTER, Virginia (Reuters) -Richmond Federal Reserve President Thomas Barkin said on Tuesday he hopes coming data and ongoing community interviews will help clarify where the ... 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

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

Federal Reserve faces dilemma amid expected rate cut decision

The Federal Reserve is set to announce its next interest rate decision on Wednesday and the monetary policy meeting comes as the economy is facing a weakening labor market as well as elevated ... Read More

Fed Cuts Rates as Officials Worry About Labor Market

The Federal Reserve cut interest rates by a quarter point for the second time this year. Investors lowered the probability of a cut at the Fed’s December meeting after Jerome Powell, the central ... Read More

Fed's Waller calls for December rate cut, as hawks press for policy pause

Logan, Schmid argue labor market doesn't need lower rates Hammack says policy rate is now 'barely' restrictive Bostic says he supported rate cut somewhat reluctantly Waller: data says to cut rates in ... 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