Fed's Powell Rethinks Rate Cuts in 2024

Facing tough inflation data, the Federal Reserve chair's lack of urgency to adjust rates echoes that of his colleagues. Read More

Federal Reserve's restrictive policy needs more time to work, Jerome Powell says

"The labor market remains very strong" as the unemployment rate remains under 4% for the longest period in more than half a century, Federal Reserve Chair Jerome Powell said on Tuesday. Even with this ... Read More

Stocks wobble after Powell warns that rate cuts will likely come later than expected

US stocks wavered Tuesday after Federal Reserve Chair Jerome Powell said a “lack of further progress” on inflation means the central bank likely won’t cut interest rates at its upcoming policy meeting ... Read More

Fed Chair Jerome Powell has an ‘unfriendly’ message for markets: You might not be getting any rate cuts this year

Given the strength of the labor market and progress on inflation so far, it’s appropriate to allow restrictive policy further time to work,” Powell said. Read More

Waiting on the world to change

Another month of strong economic data in the United States has kept the FOMC in a holding pattern. Nonfarm payrolls increased by 303K in March, capping a strong first quarter in which monthly job ... Read More

Stocks end the day higher even as blowout jobs report pushes some Fed officials to consider another rate hike

The March jobs report showed the US economy added 303,000 positions and the unemployment rate fell to 3.8%. That far surpassed expectations for 205,000 jobs to be added, underscoring the ongoing ... Read More

Stock market today: S&P 500, Nasdaq edge higher after Powell says rate cuts coming 'at some point' this year

In a speech at Stanford University on Wednesday, Powell doubled down on his belief that inflation was on a "bumpy" path down to 2%, but that central bank officials expect to lower rates at "some point ... Read More

Fed to cut rates in September and maybe once more this year - Reuters poll

The U.S. Federal Reserve will wait until September to cut its key interest rate, according to a majority of 100 economists polled by Reuters, with half saying there will be only two cuts this year and ... Read More

Rate Chokehold on World Economy Is Set to Loosen Only Slowly

Story continues Policy may remain constricted in South Africa and Argentina and even tighter in crisis-ridden Nigeria, while Japan is poised to continue its exit from ultra-loose settings. But for ... Read More

Higher-for-longer’s housing impact

How higher-for-longer will impact housing — The hotter-than-expected inflation reading last week — driven largely by an increase in shelter costs — has turned attention to the housing market, where ... Read More

Wayfair opening its first-ever physical furniture store. Here’s where to shop its flagship deals

Wayfair is launching its first brick-and-mortar store, clocking in at 150,000 square feet with an onsite restaurant that borrows from Ikea’s setup. Here’s when and where it’s opening. Read More

OSU-ex Justin Wrobleski shines again for Drillers

Former Oklahoma State lefty Justin Wrobleski has allowed only two earned runs in his first 10 innings with the Drillers. Read More