The Los Angeles Post
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Today: April 11, 2025
Today: April 11, 2025
CHRISTOPHER RUGABER

CHRISTOPHER RUGABER

Staff Writer

Latest From CHRISTOPHER RUGABER

Economy|Finance|News|US

Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year

The Federal Reserve kept its key interest rate unchanged for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year

Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year
Economy|Entertainment|US

Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession

It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts

Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession
Economy|Finance|News

Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming

A top Federal Reserve official said he's increasingly confident that inflation will continue falling this year back to the Fed’s 2% target level, after two years of accelerating price spikes that hurt millions of American households

Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming
Business|Economy|Finance|US

Americans' economic outlook brightens as inflation slows and wages outpace prices

After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden’s political fortunes

Americans' economic outlook brightens as inflation slows and wages outpace prices
Economy|News|US

Inflation slowed further in December as an economic 'soft landing' moves into sharper focus

The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship

Inflation slowed further in December as an economic 'soft landing' moves into sharper focus
Business|Economy|Finance|US

Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts

Chair Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low

Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts
Economy|Finance|News|US

Federal Reserve is likely to show little urgency to cut interest rates despite market's anticipation

The Federal Reserve will likely move closer Wednesday to cutting its key interest rate after nearly two years of hikes that were intended to fight the worst inflation in decades

Federal Reserve is likely to show little urgency to cut interest rates despite market's anticipation
Business|Economy|Finance|News|Stock Markets|US

US worker paycheck growth slowed late last year, suggesting cooling in the job market

Pay and benefits for America’s workers slowed last quarter, a trend that could affect the Federal Reserve’s decision about when to begin cutting interest rates

US worker paycheck growth slowed late last year, suggesting cooling in the job market
Business|Economy|News

Where the jobs are: Strong hiring in most industries has far outpaced high-profile layoffs

Blockbuster job growth in the past several months has coincided with high-profile layoff announcements by a number of large companies

Where the jobs are: Strong hiring in most industries has far outpaced high-profile layoffs
Economy|Finance|US

Powell: Federal Reserve on track to cut rates this year with inflation slowing and economy healthy

Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year, a move that’s expected to begin as early as May

Powell: Federal Reserve on track to cut rates this year with inflation slowing and economy healthy
Business|Economy|Finance|News|US

Inflation is nearly back to 2%. So why isn't the Federal Reserve ready to cut rates?

From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers

Inflation is nearly back to 2%. So why isn't the Federal Reserve ready to cut rates?
Business|Economy|Election|News|US

Inflation might have dropped below 3% last month for 1st time in 3 years, a milestone for Biden

Inflation may have fallen below a 3% annual rate last month, which would be the lowest level in nearly three years and a potentially significant milestone as the Biden administration seeks to bolster Americans’ views of the economy before the November elections

Inflation might have dropped below 3% last month for 1st time in 3 years, a milestone for Biden
Asia|Economy

Recession has struck some of the world's top economies. The US keeps defying expectations

Both Japan and the United Kingdom said Thursday their economies weakened during the final three months of 2023

Recession has struck some of the world's top economies. The US keeps defying expectations
Business|Economy|News|US

US wholesale inflation accelerated in January in latest sign that prices picked up last month

Wholesale prices in the United States accelerated in January, the latest sign that some inflation pressures in the economy remain elevated

US wholesale inflation accelerated in January in latest sign that prices picked up last month
Business|Economy|News|US

Consumers sentiment rose slightly last month as growth improves, inflation falls

A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy after years of gloom

Consumers sentiment rose slightly last month as growth improves, inflation falls
Economy|Finance|News|US

Federal Reserve minutes: Officials worried that progress on inflation could stall in coming months

Federal Reserve officials acknowledged at their most recent meeting in January that there had been “significant progress” in reducing inflation

Federal Reserve minutes: Officials worried that progress on inflation could stall in coming months
Business|Economy|Finance|News|US

Federal Reserve officials caution against cutting US interest rates too soon or too much

Several Federal Reserve policymakers are warning against cutting U.S. interest rates too soon or by too much in the wake of recent data showing inflation stayed unexpectedly high in January

Federal Reserve officials caution against cutting US interest rates too soon or too much
Economy|Finance|US

Consumers are increasingly pushing back against price increases — and winning

Inflation has changed the way many Americans shop

Consumers are increasingly pushing back against price increases — and winning
Economy|Finance|US

Federal Reserve's preferred inflation gauge picked up last month in sign of still-elevated prices

An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month

Federal Reserve's preferred inflation gauge picked up last month in sign of still-elevated prices
Economy|Finance|News|US

Fed Chair Powell's testimony to be watched for any hint on rate-cut timing

Federal Reserve Chair Jerome Powell begins two days of testimony to Congress on Wednesday, with two issues likely to dominate the questions he'll face: When will the Fed start cutting interest rates, and by how much

Fed Chair Powell's testimony to be watched for any hint on rate-cut timing
Business|Economy|Finance|News|US

Federal Reserve's Powell: Regulatory proposal criticized by banks will be revised by end of year

A sweeping bank regulatory proposal will be significantly revised by year’s end, Federal Reserve Chair Jerome Powell said Thursday, a potential victory for the large banks that have aggressively opposed the likely changes

Federal Reserve's Powell: Regulatory proposal criticized by banks will be revised by end of year
Economy|News|US

US inflation likely stayed elevated last month as Federal Reserve looks toward eventual rate cuts

Consumer prices likely rose last month at a pace that would exceed the Federal Reserve’s inflation target, underscoring why the Fed is being cautious as it considers when to cut interest rates and suggesting that inflation will remain a potent issue in President Joe Biden’s re-election race

US inflation likely stayed elevated last month as Federal Reserve looks toward eventual rate cuts
Economy|Finance|US

US wholesale prices picked up in February in sign that US inflation pressures remain elevated

Wholesale prices in the United States picked up again in February, the latest sign that inflation pressures remain elevated and might not cool in the coming months as fast as the Federal Reserve or the Biden administration would like

US wholesale prices picked up in February in sign that US inflation pressures remain elevated
Business|Economy|Finance

US consumer sentiment ticks down slightly, but most expect inflation to ease further

Consumers became slightly less optimistic about the economy this month, though they continue to expect inflation to cool further, a potential sign that price increases will keep slowing

US consumer sentiment ticks down slightly, but most expect inflation to ease further
Business|Finance|Technology|US

Interest in TikTok, distressed NY bank has echoes of Mnuchin’s pre-Trump investment playbook

Steven Mnuchin is a former U.S. Treasury secretary who said this week that he is interested in buying TikTok, just days after his investment firm led a $1 billion deal to inject life into a beaten-down bank

Interest in TikTok, distressed NY bank has echoes of Mnuchin’s pre-Trump investment playbook

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