Jerome Powell and some of the more dovish policymakers at the central bank are at odds over how to handle “challenging” inflation and unemployment.
Category: Inflation (Economics)
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Hamburger Helper Sales Rise as Americans Try to Save on Food
The price of beef and other grocery items are climbing, and consumers are turning to canned meats and a 1970s staple.
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Fed Faces No Good Options as Labor Market Wobbles While Inflation Firms
The central bank is grappling with how quickly to lower interest rates after restarting cuts on Wednesday, amid mixed economic signals and a relentless White House pressure campaign.
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A New Rate-Cut Cycle Could Be Fuel on the Stock Market Fire
But with the market already booming and the Federal Reserve under presidential pressure, a new cycle of lower rates could pour fuel onto a fire, our columnist says.
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Fed Cuts Rates for First Time This Year
The Federal Reserve lowered rates by a quarter point, but one governor voted for a bigger cut. Balancing persistent inflation and a weaker labor market was “a challenging situation,” the central bank chair said.
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What to watch at the Fed meeting.
The U.S. central bank is widely expected to cut interest rates for the first time this year, despite the economy sending mixed signals.
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Powell Faces Challenges From Within the Fed, Too
The central bank is expected to reduce interest rates on Wednesday. But there could be a internal debate about the size of a cut , and how many more to make.
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What to Watch at the Federal Reserve’s September Meeting
The U.S. central bank is widely expected to cut interest rates for the first time this year, despite the economy sending mixed signals.
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Could TikTok Help Bring Trump and Xi Together?
President Trump is set to speak with the Chinese leader on Friday to discuss the app’s future, signaling a potential thaw between the two men.
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CPI Shows Pace of US Inflation Likely to Keep Fed Cautious on Rate Cuts
The central bank is likely to lower borrowing costs at its meeting next week amid budding concerns about the labor market.
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US Poverty Rate Was Stable in 2024, as Household Income Rose Slightly
As pandemic subsidies disappeared, wages kept workers just ahead of inflation, although gaps have widened for some groups.