President Trump’s attempt to fire Lisa Cook, a Fed governor, will set off a long legal battle. Economists warn it could lead to higher inflation and government borrowing costs.
Category: Inflation (Economics)
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Inflation Sweetener? Denmark Plans Tax Cut on Chocolate and Coffee.
The Scandinavian country has proposed scrapping its tax on chocolate, cake and other sweets, as well as coffee, to help consumers cope with high food prices.
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Fed Officials Try to Keep Focus on Economy as Trump Intensifies Attacks
The administration’s effort to oust a Fed governor as part of a pressure campaign for lower borrowing costs created an inescapable distraction at this year’s Jackson Hole conference.
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Jerome Powell Suggests Fed Will Soon Cut Interest Rates in Jackson Hole Speech
Jerome H. Powell said the “balance of risks” across the economy had started to shift, raising the odds the central bank lowers borrowing costs at its next meeting in September.
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Jay Powell Takes Center Stage with Friday’s Jackson Hole Address
The Fed chief is expected to address inflation, interest rates and the economy in his speech on Friday. Will he also confront President Trump’s attacks on central bank independence?
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Walmart Sees Sales ‘Momentum’ Despite Tariffs
After mixed reports from retail rivals, Walmart reported better-than-expected quarterly results and raised its sales forecast for the year.
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Behind Powell’s Big Gamble in Final Jackson Hole Speech
Jerome Powell, the Federal Reserve chair, is managing a high-stakes balancing act as he grapples with a cooling labor market, rising inflation and White House pressure to cut interest rates.
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Fed Officials Split Over How to Read Economic Signals
Minutes from the Federal Reserve’s July meeting showed policymakers grappling with a slowing labor market and inflation that remains above the central bank’s target.
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Economic Data Has Taken a Dark Turn. That Doesn’t Mean a Crash Is Near.
Inflation is up and job creation down, but the U.S. economy could still pull through without too much pain.
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The Bull and Bear Cases for Another Market Rally
Stocks are still flying high. But doubts are creeping in about the S&P 500’s run, as some analysts have flashbacks to valuations during the dotcom boom.
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Fed Faces High Bar for Big Cuts Despite White House Pressure
The Federal Reserve is poised to lower interest rates in September. But signs of stickier inflation could limit how much relief officials can ultimately provide to borrowers.
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Fed Faces High Bar for Big Cuts Despite White House Pressure
The Federal Reserve is poised to lower interest rates in September. But signs of stickier inflation could limit how much relief officials can ultimately provide to borrowers.