Staff Writer
After two years of progress on inflation and surprisingly persistent economic growth, the Federal Reserve next week meets with one eye on new Trump
U.S. Federal Reserve officials are in “uncharted waters” with no clear historical guide as they set monetary policy in an environment with inflation falling but no increase as yet in the unemployment rate, Richmond Fed staff said in a new research note analyzing a central bank rate cycle they deemed “unlike any other.” “The current cycle is the first time over the entire postwar period the (Federal Open Market Committee) has made significant progress in lowering inflation without an associated increase in the unemployment rate,” Richmond Fed staffers including senior adviser Pierre-Daniel Sarte wrote in
The Federal Reserve may need to raise interest rates further to cool still-too-high inflation, Fed Chair Jerome Powell said on Friday, promising to move with care at upcoming meetings as he noted both progress made on easing price pressures as well as risks from the surprising strength of the U.S. economy. While not as hawkish a message as he delivered this time a year ago at the annual Jackson Hole Economic Policy Symposium, Powell’s remarks still delivered a punch, with investors now seeing one more rate hike by year-end more
The Federal Reserve may need to raise interest rates further to cool still-too-high inflation, Fed Chair Jerome Powell said on Friday, promising to move with care at upcoming meetings as he noted both progress made on easing price pressures as well as risks from the surprising strength of the U.S. economy. While not as hawkish a message as he delivered this time a year ago at the annual Jackson Hole Economic Policy Symposium, Powell’s remarks still delivered a punch, with investors now seeing one more rate hike by year-end more
– U.S. trade has shifted away from China due to policies enacted by the Biden and Trump administrations, but U.S. reliance on China-linked supply chains has not necessarily been reduced and consumers have faced higher costs, according to new research presented on Saturday at a Federal Reserve economic symposium. Despite deglobalization fears after the coronavirus pandemic and Russia’s invasion of Ukraine, overall trade “has held steady at just under 60% of world (gross domestic product)rather than gone into freefall,” Laura Alfaro, an economist at Harvard Business School, and Davin Chor, an associate professor
– Record levels of government debt, geopolitical tensions that threaten to split the global trading system, and the likely persistence of weak productivity gains may saddle the world with a slow-growth future that stunts development in some countries even before it starts. That sobering view of a post-pandemic global economy emerged from research organized by the Kansas City Federal Reserve and debated here this past weekend. It explored issues like the outlook for technological innovation, public debt, and the state of international trade at a time when the Russian invasion of Ukraine and
South Korea's central bank chief on Friday said odds for any further policy action to stabilize the slumping Korean won now depend on how
The Federal Reserve held its benchmark overnight interest rate steady at the Sept. 19-20 policy meeting.
A measure of inflation closely watched by the Federal Reserve has now averaged near the central bank's 2% target for the last three months, another step
After helping build a floor under the economy during the pandemic only to put a squeeze on it as inflation soared, Federal Reserve Chair Jerome
The steady rise in long-term U.S.
Rocketing U.S. government bond yields that have led to a global jump in borrowing costs are raising new risks for economic policymakers hoping to lower
A new U.S. employment report on Friday will show whether the labor market continued to moderate through September in what could be an important waypoint for
The outbreak of military conflict in the Middle East may leave central bankers battling new inflationary trends as well as deal a blow to economic
The richest Americans are emerging from the coronavirus pandemic with their share of wealth and income on the rise again despite some thought that the tight
Even as the U.S. economy bounds along, rising interest rates on government bonds could threaten the plans of elected officials and central bankers who
The "golden path" some Federal Reserve officials see leading to lower inflation without high unemployment may, like the pot of gold at the end of
Uncertainty around the path of the U.S. economy, including difficulties estimating the state of financial markets, potential oil price shocks, and the impact
The Bank of England's decision to hold its policy interest rate steady on Thursday puts the world's three major central banks in
Slowing U.S. job growth and cooling wage pressures may give Federal Reserve policymakers renewed confidence the U.S. economy is adjusting from the shock
The October jobs report likely was a relief to Federal Reserve officials who hope the U.S. economy can edge down softly from a period of high inflation and
A recent surge in U.S. productivity has underscored Federal Reserve Chair Jerome Powell's emerging narrative for how inflation may continue to decline even
Former Florida art museum director involved in Basquiat forged painting probe has died
Raiders hire Bucs assistant general manager John Spytek as their GM, AP source says
Samsung aims to turn its next generation of Galaxy smartphones into AI companions
Yemen’s Houthis free crew of Red Sea cargo ship after 14 months in captivity
TikTok’s parent company is in active discussions about a deal, board member says
As Wemby Week continues in Paris, the Spurs star is handling it all with apparent ease
International theft ring targeting Asian business owners in several cities: police
Winter storm causes rescheduling of NBA and college games across the South
Lions defensive coordinator Aaron Glenn agrees to terms with Jets to be head coach, AP source says
