Fed’s preferred inflation gauge cools, adding to likelihood of a September rate cut
WASHINGTON (news agencies) — The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are ...
Read moreTag: Federal Reserve System
Harris will carry Biden’s economic record into the election. She hopes to turn it into an asset
WASHINGTON (news agencies) — A key question is looming for Vice President Kamala Harris as she edges closer to gaining ...
Read moreUS economic growth increased last quarter to a healthy 2.8% annual rate
WASHINGTON (news agencies) — The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses ...
Read moreEurope’s central bank hits pause on rate cuts as inflation takes its sweet time to come down to 2%
Home buyers and businesses waiting for lower interest rates in Europe are going to have to wait a little longer ...
Read moreStock market today: More drops for big tech stocks keep dragging Wall Street lower
NEW YORK (news agencies) — Wall Street is again feeling the downside of hitching so hard onto a handful of ...
Read moreEx-regional Fed president: Inflation headed lower, with interest rates likely to follow
WASHINGTON (news agencies) — Having worked in the Federal Reserve system her entire career, Loretta Mester rose to become president ...
Read moreRetail sales unchanged in June from May, underscoring shoppers’ resilience
NEW YORK (news agencies) — Shoppers paused their spending in June from May, defying economic forecasts for a pullback and ...
Read moreStock market today: A widespread rally sends Wall Street to records, and the Dow leaps 740 points
NEW YORK (news agencies) — U.S. stocks rallied to records, again, on Tuesday. What made this time more jubilant was ...
Read morePowell says Federal Reserve is more confident inflation is slowing to its target
WASHINGTON (news agencies) — Chair Jerome Powell said Monday that the Federal Reserve is becoming more convinced that inflation is ...
Read moreUS wholesale inflation picked up in June in sign that some price pressures remain elevated
WASHINGTON (news agencies) — Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year ...
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