Fed Minutes Should Give More Clues About Rate Cut Timing
As such, the central bank has kept its key short-term interest rate at a target range of 4.25% to 4.5% since December. The FOMC lowered rates by a half of a percentage point in September-its first cut ...
Hot Inflation Raises Stakes of Trump’s Tariffs
Hot inflation has raised the stakes of President Trump’s plans to escalate his use of tariffs on the country’s biggest ...
Credit card debt hit a record $1.21 trillion — here's why ‘no one should be surprised,' expert says
Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong ...
Inflation soars in January, hampering plans for rate cuts
Grocery prices were up by 0.5% compared to December, with a nationwide outbreak of bird flu being the likely culprit. The ...
Fed Needs Clarity on New Policies Before Rate Cuts, Bostic Say
Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank must gain more insight on proposed policy ...
Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are'
The Bureau of Labor Statistics reported hotter-than-expected growth in the U.S. consumer price index, forcing markets to ...
Fed faces thorny decisions as it weighs when to lower interest rates amid Trump's tariffs
The Fed faces complex decisions as it decides how quickly to cut rates or whether to raise them amid Trump's tariffs and ...
Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill
The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more officials say they want to see how new policies from the White House affect the ...
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Five questons for Kristin Pruitt, president, Lake City Bank
You were announced on Jan. 14 as a new board member for the Federal Reserve Bank of Chicago, set to serve a three-year term.
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Chicago Fed president on what the new jobs report says about the economy
The new jobs report shows the pace of hiring slowed slightly in January with the economy adding 143,000 jobs. The report also ...
Fed officials see healthy jobs market, no rate-cut rush
Federal Reserve officials on Friday said the U.S. job market is solid and noted the lack of clarity over how President Donald ...
US jobs report: Employers add 143,000 jobs in January as unemployment rate sits at 4%
Employers added 143,000 jobs in January amid LA wildfires, cold weather and uncertainty over President Trump's trade and ...