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Today: January 23, 2025
Today: January 23, 2025
Howard Schneider

Howard Schneider

Staff Writer

Latest From Howard Schneider

Business|Economy|Finance|News|US

Fed's Powell puts September rate cut on table as US inflation cools

Federal Reserve Chair Jerome Powell said on Wednesday interest rates could be cut as soon as September if the U.S. economy follows its expected

Fed's Powell puts September rate cut on table as US inflation cools
Business|Economy|Finance|News|US

Central banks are turning the ship, but their path is unclear

Decisions by major central banks this week brought the end of pandemic-era monetary policy into closer view, but also highlighted

Central banks are turning the ship, but their path is unclear
Business|Economy|Finance|US

Fed's pandemic-era vow to prioritize employment may soon be tested

Four years after Federal Reserve Chair Jerome Powell made fighting unemployment a bigger priority during the COVID-19 pandemic, he faces a pivotal test of

Fed's pandemic-era vow to prioritize employment may soon be tested
Business|Economy|Finance|News|US

Fed officials uneasy about job market as they get ready for Jackson Hole

Federal Reserve officials gathering at the annual central banking conference in Jackson Hole, Wyoming, this week can take some satisfaction that the U.S.

Fed officials uneasy about job market as they get ready for Jackson Hole
Business|Economy|Finance|News|US

Fed has 'clear path' to achieving goals without recession, Collins says

Boston Federal Reserve President Susan Collins on Thursday expressed confidence the U.S. central bank will be able to bring

Fed has 'clear path' to achieving goals without recession, Collins says
Business|Economy|Finance|US

Fed's Powell, in policy shift, says 'time has come' to cut rates

Federal Reserve Chair Jerome Powell on Friday endorsed an imminent start to interest rate cuts, saying further cooling in the job

Fed's Powell, in policy shift, says 'time has come' to cut rates
Business|Economy|Finance|News|US

US job market may be near tipping point, research shows

As inflation fell fast in 2023 and continued to slow this year, Federal Reserve officials were cheered that the steam seemed to come out of the

US job market may be near tipping point, research shows
Business|Economy|Finance|US

Powell's Fed not shy about election-year cuts, ready to defend job market

Federal Reserve Chair Jerome Powell made it clear on Friday the U.S. central bank would not shy away from pivoting to interest rate cuts in the

Powell's Fed not shy about election-year cuts, ready to defend job market
Economy|US

IMF's Gourinchas says right for US to cut rates though inflation risk not gone

The imminent rate cuts planned by the U.S.

IMF's Gourinchas says right for US to cut rates though inflation risk not gone
Asia|Business|Economy|Finance

IMF sees scope for Bank of Japan to keep raising rates

The Bank of Japan can raise interest rates gradually as heightening inflation expectations leave further scope to normalise its

IMF sees scope for Bank of Japan to keep raising rates
Business|Economy|Finance|US

Fed's actions spoke louder than words in inflation fight, research shows

The Federal Reserve's credibility in the eyes of financial markets helped in its battle against inflation over the past two years, but it had to

Fed's actions spoke louder than words in inflation fight, research shows
Americas|Business|Economy|Finance

Brazil's central bank chief warns fiscal issues impact monetary policy transmission

Brazil's central bank chief said on Saturday that discussing monetary policy transmission will become increasingly difficult without addressing

Brazil's central bank chief warns fiscal issues impact monetary policy transmission
Business|Economy|Finance

Darkening global outlook, central bank pivots signal more turbulence

Growing signs of lackluster growth and risks emerging to the job market overshadowed a gathering of global

Darkening global outlook, central bank pivots signal more turbulence
Business|Economy|Finance|US

With Fed's shift to job market risks done, policy now has to catch up

In 2022, when the Federal Reserve's focus shifted to combating inflation, it had to ratchet up interest rates fast to get monetary policy caught up

With Fed's shift to job market risks done, policy now has to catch up
Business|Economy|US

US firms' 'low firing' approach may turn to more layoffs, Fed's Barkin tells BBG

The "low-hiring, low-firing" approach that U.S. businesses currently take to their employment decisions is unlikely to last, Richmond Federal Reserve

US firms' 'low firing' approach may turn to more layoffs, Fed's Barkin tells BBG
Business|Economy|Finance|Stock Markets|US

Fed policymakers agree on need for rate cuts, but their reasons vary

As recently as two and a half months ago, most U.S. central bankers didn't see an interest rate cut in the cards at their Sept. 17-18 meeting.

Fed policymakers agree on need for rate cuts, but their reasons vary
Americas|News|US|World

Haitian immigrants fueled Springfield's growth - and now a US presidential debate

Rose Joseph and Banal Oreus followed different paths from Haiti to this struggling Midwestern industrial city that suddenly finds itself at the center

Haitian immigrants fueled Springfield's growth - and now a US presidential debate
Business|Economy|Finance|US

Fed seen nearly as likely to cut rates by 50 bps as 25 bps

The Federal Reserve is nearly as likely to deliver an outsized interest-rate cut next week as a more-usual-sized reduction, trading in rate-futures

Fed seen nearly as likely to cut rates by 50 bps as 25 bps
Business|Economy|News|US

What's happening in Las Vegas shows Fed's 'soft landing' is a good bet

The cracks in the labor market in Las Vegas and across Nevada have typically appeared early and widened fast when the U.S. economy

What's happening in Las Vegas shows Fed's 'soft landing' is a good bet
Business|Economy|Finance|US

Fed unveils oversized rate cut as it gains 'greater confidence' about inflation

The U.S. central bank on Wednesday kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point

Fed unveils oversized rate cut as it gains 'greater confidence' about inflation
Business|Economy|Finance|News|US

Fed blackout period will lift with Waller's CNBC appearance on Friday

The Federal Reserve's blackout period on public comment around meetings of the U.S. central bank lifts on Friday after a key interest rate decision earlier in

Fed blackout period will lift with Waller's CNBC appearance on Friday
Business|Economy|Finance|US

US inflation data cemented big cut for one Fed official, dissent for another

Federal Reserve officials, in their first public comments since the U.S. central bank cut interest rates by half a percentage point, laid out on Friday the

US inflation data cemented big cut for one Fed official, dissent for another
Business|Finance|US

Fed rate cuts will put money in pockets, but a mood shift may take time

Even before the Federal Reserve approved its outsized half-percentage-point interest rate cut last week, financial markets had begun making

Fed rate cuts will put money in pockets, but a mood shift may take time
News|US

Fed officials say risks to jobs warranted rate cut as debate shifts to pace of easing

U.S.

Fed officials say risks to jobs warranted rate cut as debate shifts to pace of easing
News|US

Fed's Bowman: Lingering inflation risks warrant more cautious cuts

U.S.

Fed's Bowman: Lingering inflation risks warrant more cautious cuts

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