Federal Reserve Predicts High Inflation Will Persist for More than Seven Years Post-Pandemic
Michael Nagle / Bloomberg via Getty Images The Federal Reserve’s latest set of projections foresees inflation as measured…
Fed rate cut: What it means for mortgage rates and the housing market
LOS ANGELES (AP) — Hoping that mortgage rates will keep dropping following the Federal Reserve’s first rate cut…
As U.S. jobs disappear, the Federal Reserve returns to rate cuts
It’s getting harder to find work in the United States. U.S. businesses added just 22,000 jobs from July…
Jerome Powell warns of signs of an AI bubble and an economy leaning too hard on the rich
For months, Wall Street commentators have fretted that the artificial intelligence boom looks like a bubble, with capital…
Fed Cuts Benchmark Rate As Job Market Weakens But Inflation Accelerates
The Federal Reserve cut its benchmark interest rate by 25 basis points Wednesday. The widely expected move was…
U.S. economy is being driven by the wealthy, could face recession if prospects change
If you feel like the economy isn’t working for you, that’s because it probably isn’t. According to the…
UK inflation remains nearly double target ahead of expected interest rate hold
LONDON (AP) — Inflation in the U.K. held steady at 3.8% in the year to August, official figures…
Retail sales up 0.6% in August from July even as tariffs lead to price hikes
Shoppers increased their spending at a better-than-expected pace in August from July, helped by back-to-school purchases, even as…
The Fed faces economic uncertainty and political pressure as it decides whether to cut rates
WASHINGTON (AP) — In a sign of how unusual this week’s Federal Reserve meeting is, the decision it…
Fed may make its first rate cut of 2025: How to benefit
The Federal Reserve is widely expected to lower its benchmark rate when it meets this week, despite the…