After six months of internalizing a soft landing for the economy, investors have stomached the reality…
Tag: Federal Reserve
New threat to Biden: Rising odds of no rate cuts before election
The rising odds that the Federal Reserve might not cut interest rates at all this year…
Inflation rose to 2.1% in March in producer price index, adding to signs prices are hot
Inflation, as measured by the producer price index, rose 0.6 percentage points to 2.1% for the year ending in…
The inflation vs. abortion, borders vs. democracy election
The 2024 election is a rematch between President Joe Biden and former President Donald Trump, but…
Hot prices: Inflation rose to 3.5% in March in bad news for Biden and Fed
Inflation rose to 3.5% for the year ending in March, the Bureau of Labor Statistics reported…
Economy crushes expectations with 303,000 new jobs in March
The economy added 303,000 jobs in March, the Bureau of Labor Statistics reported Friday, a number that exceeds expectations…
Key Fed official raises possibility that interest rates won’t be cut in 2024
A top Federal Reserve official said the central bank may not lower interest rates as expected…
Jobless claims rise to highest level since January amid higher interest rates
The number of new applications for unemployment benefits unexpectedly increased by 9,000 to 212,000 last week,…
Job openings tick up very slightly despite high interest rates
The number of job openings in the United States increased by very slightly to 8.76 million in February, a sign…
Gold prices break all-time record as investors bet on Fed rate cuts
Gold prices set a new record on Monday as a recent inflation report buoyed optimism that…
Inflation rose slightly to 2.5% in February in gauge preferred by Fed
Inflation ticked up to a 2.5% annual rate in February, as measured by the gauge favored…
Consumer sentiment jumps to highest level since 2021, before inflation plague
Consumer sentiment rose in March to the highest level in more than two years and expectations for inflation fell,…
Fourth-quarter economic growth revised up to strong 3.4% rate
GDP growth in the fourth quarter was revised up by 0.2 percentage points to a 3.4%…
New home sales fall as mortgage rates weigh down housing market
New home sales fell in February as the housing market felt the effects of higher mortgage rates, which have remained…
Fed holds interest rates steady as hotter inflation reports push back timing of cut
The Federal Reserve held its interest rate target steady, in line with expectations that the timing…
Housing starts rose in February despite higher mortgage rates
The number of housing starts ticked up in February despite pressure from high mortgage rates, good news for a…
Unexpectedly stubborn inflation poses difficulties for Fed and Biden
Unexpectedly hot inflation reports for February are further fueling expectations that the Federal Reserve will end…
Inflation rose to 1.6% in February in producer price index, much hotter than expected
Inflation, as measured by the producer price index, rose to 1.6% for the year ending in February, the Bureau…
Economy beat expectations with 275,000 jobs in February
The economy again beat expectations in February and added 275,000 jobs, the Bureau of Labor Statistics reported Friday, a…
WATCH LIVE: Fed Chair Jerome Powell delivers semiannual monetary policy report to Congress
Federal Reserve chairman Jerome Powell will deliver a semi-annual testimony to the House Financial Services Committee…