Today: September 20, 2024
Today: September 20, 2024

Federal Reserve

News

Why the US job market has defied rising interest rates and expectations of high unemployment

Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households

Why the US job market has defied rising interest rates and expectations of high unemployment
Business|Economy|News

US government estimates economy grew last quarter at a 2.1% rate, unchanged from previous projection

The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged

US government estimates economy grew last quarter at a 2.1% rate, unchanged from previous projection
Business|News

Slightly fewer number of Americans apply for jobless benefits as layoffs remain rare

U.S. applications for unemployment benefits inched up modestly this week after reaching their lowest level in eight months the previous week, as the labor market continues to defy the Federal Reserve’s interest rate hikes meant to cool it

Slightly fewer number of Americans apply for jobless benefits as layoffs remain rare
Business

The average long-term US mortgage rate reaches highest point in nearly 23 years, hitting 7.31%

Home loan borrowing costs climbed again this week, pushing the average long-term U.S. mortgage rate to its highest level in nearly 23 years, another blow to prospective homebuyers facing an increasingly less affordable housing market

The average long-term US mortgage rate reaches highest point in nearly 23 years, hitting 7.31%
Economy

Global stock index rises as oil, 10-year yield and dollar pull back

A global index of stocks bounced back after a nine-day losing streak on Thursday as oil prices fell and U.S.

Global stock index rises as oil, 10-year yield and dollar pull back
Economy

Fed's Barkin says it's too soon to say if another hike needed -Bloomberg TV

By Michael S.

Fed's Barkin says it's too soon to say if another hike needed -Bloomberg TV
Economy

Fed's Goolsbee sees risk of 'error in view that low inflation needs high unemployment

The U.S.

Fed's Goolsbee sees risk of 'error in view that low inflation needs high unemployment
Economy

Marketmind: Oil spike delivers coup de grace to dire Q3

A look at the day ahead in U.S. and global markets by Mike Dolan A crude oil price spike to the highest of the year delivered a final blow to an ailing third-quarter for world markets and left forlorn

Marketmind: Oil spike delivers coup de grace to dire Q3
Economy

Fed's Barkin says more data needed before making next monetary policy call

By Michael S.

Fed's Barkin says more data needed before making next monetary policy call
Business|Economy|News|World

Stock market today: Wall Street wraps its miserable September with another weak finish

Wall Street closed out its worst month of the year with more losses

Stock market today: Wall Street wraps its miserable September with another weak finish
Economy

S&P 500 dips after US inflation data, ending weak third quarter

The S&P 500 ended lower on Friday as investors digested implications of a U.S. inflation report for the Federal Reserve's interest

S&P 500 dips after US inflation data, ending weak third quarter
Economy

US equity funds see biggest weekly outflow in three months

U.S. equity funds witnessed robust outflows in the seven days to Sept. 27 on worries about a potential extension of the Federal Reserve's restrictive monetary policy and a renewed surge in

US equity funds see biggest weekly outflow in three months
Economy

Explainer-Charting the Fed's economic data flow

The Federal Reserve held its benchmark overnight interest rate steady at the Sept. 19-20 policy meeting.

Explainer-Charting the Fed's economic data flow
Economy

US inflation outlook brightens as underlying price pressures subside

Underlying U.S. inflation moderated in August, with the annual rise in prices excluding food and energy falling below 4.0% for the first time in more than two

US inflation outlook brightens as underlying price pressures subside
Economy

Instant view: US core inflation slows in August, consumer spending rises

U.S. consumer spending increased in August, but underlying inflation moderated, with the year-on-year rise in prices excluding food and energy slowing to below 4.0%.

Instant view: US core inflation slows in August, consumer spending rises
Economy

Dips in core and "supercore" inflation could bolster a Fed hold

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

Dips in core and "supercore" inflation could bolster a Fed hold
Economy

Retail investors flock to bond ETFs in third quarter as prices slide

Investors continued piling into exchange-traded funds (ETFs) that track U.S. government debt in the third quarter, with retail investor flows hitting their highest

Retail investors flock to bond ETFs in third quarter as prices slide
Economy

Fed's Williams says central bank may be done with rate rises

By Michael S.

Fed's Williams says central bank may be done with rate rises
Economy

Fed doves, Fed hawks: US central bankers in their own words

The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market

Fed doves, Fed hawks: US central bankers in their own words
Economy

Oil pares gains ahead of Fed Reserve comments

Oil prices pared gains after earlier climbing $1 on Monday, with questions around supply and global demand and ahead of comments from the U.S.

Oil pares gains ahead of Fed Reserve comments
Business

In the Market: US bond market signals the end of an era

The U.S. bond market is calling a moment: the age of low interest rates and inflation that began with the 2008 financial crisis has ended. What follows is unclear.

In the Market: US bond market signals the end of an era
Economy

S&P 500 ends near flat; utilities drop, focus on rate outlook

The S&P 500 ended nearly flat on Monday with utilities falling sharply and investors weighing the likelihood the Federal Reserve will need to hold

S&P 500 ends near flat; utilities drop, focus on rate outlook
Economy

Fed's Powell: Economy still working through the impact of the pandemic

By Howard Schneider YORK, Pa.

Fed's Powell: Economy still working through the impact of the pandemic
Business

Fed's Barr says his focus is on how long to hold rates high

Federal Reserve Vice Chair for Supervision Michael Barr on Monday said the U.S. central bank should proceed "carefully" on monetary policy, adding that his focus is less on how much higher

Fed's Barr says his focus is on how long to hold rates high
Business|Economy|News

Fed's Powell gets an earful about inflation and interest rates from small businesses

Federal Reserve officials typically gather many of their insights and observations about the economy from some of the top Ph.D. economists in Washington

Fed's Powell gets an earful about inflation and interest rates from small businesses

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