Today: September 21, 2024
Today: September 21, 2024

Latest From Howard Schneider

Americas|News

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|Economy|Finance|News|Stock Markets

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

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
Americas|News

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|News

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

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
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
Economy|Finance|News

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
Business|Economy|News

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
Economy|News

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
Business|Economy|Finance|News

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

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

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|News

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
Economy|Finance

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
Economy|Finance

Fed likely to hold rates steady one last time as inflation fight finale unfolds

The Federal Reserve is expected to hold interest rates steady at a two-day policy meeting this week but open the door to interest rate cuts as soon as

Fed likely to hold rates steady one last time as inflation fight finale unfolds
Economy|Finance

The Fed nears its 2% solution after a punishing bout of rising prices

Inflation is nearing the Federal Reserve's 2% target, and the central bank is expected to begin cutting interest rates as soon as September.

The Fed nears its 2% solution after a punishing bout of rising prices
Economy|Finance

Fed faces wave of data before deciding on end-of-summer rate cut

Investors have locked onto the U.S. central bank's Sept. 17-18 meeting for the start of interest rate cuts that Federal Reserve Chair Jerome Powell has said

Fed faces wave of data before deciding on end-of-summer rate cut
Economy|Finance

Fed may be on cusp of emerging from 'elevated' inflation blues

In September 2021, after absorbing three months of price hikes that were more than double the Federal Reserve's 2% target, U.S. central bank staff and

Fed may be on cusp of emerging from 'elevated' inflation blues
Americas|Economy|News|Political

Impact of Biden's economic agenda may be felt long after his presidency

U.S.

Impact of Biden's economic agenda may be felt long after his presidency
Economy

Fed's Kugler cautiously optimistic inflation headed to 2% target

Federal Reserve Governor Adriana Kugler on Tuesday expressed cautious optimism that inflation is returning to the U.S. central bank's 2% target, with goods,

Fed's Kugler cautiously optimistic inflation headed to 2% target
Economy|Political

Powell says he will stay at Fed through end of term as chair

Federal Reserve Chair Jerome Powell on Monday said he has no plans to leave his post as head of the U.S. central bank before his term expires, pouring cold

Powell says he will stay at Fed through end of term as chair
Economy|News

Fed's Powell: Latest data 'add somewhat to confidence' inflation is returning to 2%

Federal Reserve Chair Jerome Powell said on Monday the three U.S. inflation readings over the second quarter of this year "add somewhat to confidence" that

Fed's Powell: Latest data 'add somewhat to confidence' inflation is returning to 2%
Economy|Political

What Republicans won't say and Democrats don't like to discuss about US inflation

If the deep split in U.S. politics makes characterizations of economic data a dependable tell about party affiliation, the coming Republican and Democratic

What Republicans won't say and Democrats don't like to discuss about US inflation
Business|Economy

Powell opens key week of Fedspeak as rate cut case develops

Federal Reserve Chair Jerome Powell on Monday kicks off what is shaping up as a key week of commentary from U.S. central bank officials taking stock of

Powell opens key week of Fedspeak as rate cut case develops

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