federal Reserve
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Business
US should raise taxes, wait until late 2024 to cut rates: IMF
The International Monetary Fund on Thursday said the Federal Reserve should not cut interest rates until “late 2024” and the…
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Business
Top Fed officials signal possible rate cut as inflation cools
Two top Federal Reserve officials signaled that the central bank may cut interest rates later this year as inflation has…
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Business
Fed Chair Powell condemns assassination attempt on Trump
Federal Reserve Chair Jerome Powell on Monday said he was grateful the injuries that former President Donald Trump suffered during…
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Business
Inflation eases to 3% in June — stoking hopes for Fed rate cut
Inflation numbers reported by the government on Thursday came in cooler than anticipated — fueling Wall Street anticipation of an…
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Business
‘more good data’ would boost case for rate cuts
Federal Reserve Chair Jerome Powell on Tuesday said the trade-offs between bringing inflation down and maintaining a solid labor market…
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Business
US inflation cooling, job market similar to pre-pandemic conditions: Fed
Inflation is easing and the job market has returned to the “tight but not overheated” situation seen before the COVID-19 pandemic threw the…
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Business
US headed for a deep recession, stocks could fall 30%, analyst warns
There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research. In a note to…
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Business
Fed’s preferred inflation gauge was up 2.6% in May
A key inflation gauge used by the Fed to track inflation was up 2.6% last month — a fresh signal…
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Business
Home sales drop for third straight month as prices hit record high
Sales of previously occupied US homes fell in May for the third straight month as rising mortgage rates and record-high…
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Business
Dow soars nearly 600 points after inflation gauge closely watched by Fed reignites hope for fall rate cut
The Dow jumped nearly 600 points Friday as investors breathed a sigh of relief after the Federal Reserve’s preferred inflation…
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