Rising inflation and a deteriorating job market puts the Fed and Americans in a difficult spot

Inflation rose last month as the price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its ... Read More

Inflation rose last month amid weakening job market: How will the Fed respond?

Typically, the Fed would cut its key interest rate when unemployment rises, but it would raise rates — or at least keep them unchanged — in the face of rising inflation. Read More

What is the Fed's outlook for interest rate cuts, inflation and jobs for the remainder of the year?

Federal Reserve policymakers projected inflation will rise to 3% in 2025 while unemployment will reach 4.5% as the central bank begins cutting rates after holding them steady all year. Read More

The Fed Has No Good Options as Hiring Wobbles and Inflation Picks Up

The central bank is grappling with how quickly to lower interest rates after restarting cuts on Wednesday, amid mixed economic signals and a relentless White House pressure campaign. Read More

U.S. Inflation Remains Hotter Than Hoped, But The Fed's Focus Is Now Jobs

US headline CPI has come in at 0.4% month-on-month, above the 0.3% consensus, but core CPI has come in at 0.3% as predicted. Read more here. Read More

Double whammy for Americans: Inflation continues to rise as jobs outlook grows weaker

The cost of living continues to increase for Americans at a time when the job market appears to be on shakier footing, creating a complicated economic problem that could be tricky to solve. Read More

Fed at a potential pivot point on jobs as storylines diverge

WASHINGTON (Reuters) -Job growth over the last three months has hit one of the weakest patches, outside the pandemic, since the U.S. economy was limping to recover from the 2007 to 2009 financial ... Read More

Dismal August Jobs Report Offers Rate-Cut Relief: What the Experts Are Saying

The August jobs report came in weaker than expected, signaling a massive slowdown in the labor market. This is good news for those who want the Federal Reserve to lower interest rates, with a ... Read More

Employers added 22,000 jobs in August, falling short of forecasts, as labor market cools

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ... Read More

Only a really big jobs report might stop the Fed from cutting interest rates. Don't count on it.

It's not so easy to find a job these days. Perhaps the only thing that might stop the Federal Reserve from cutting interest rates in a few weeks would be a surprisingly strong U.S. jobs report. Just ... Read More

Tariff-driven inflation beginning to emerge

WASHINGTON (AP) — Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of everything from groceries and clothes to furniture and ... Read More