European Central Bank, Citing Wage Growth, Keeps Rates Steady
Although inflation has eased, the eurozone’s central bank said that “domestic price pressures remain high.” Rates remain the highest in the central bank’s history.
Posted inBiden, Joseph R Jr Corporate Taxes Inflation (Economics) Presidential Election of 2024 State of the Union Message (US) Trump, Donald J United States Economy United States Politics and Government
In State of the Union, Biden Will Cheer the Economy and Draw a Contrast With Trump
Allies are pushing the president to do more to sell skeptical voters on his economic record and to attack his likely Republican rival on tax policy.
Posted inBanking and Financial Institutions Federal Reserve System House Financial Services Committee Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H Prices (Fares, Fees and Rates) United States Economy
Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet
Jerome H. Powell, chair of the Federal Reserve, said policymakers still expect to lower rates in 2024 — but the timing hinges on data.
Posted inBiden, Joseph R Jr Federal Reserve System Inflation (Economics) internal-storyline-no Powell, Jerome H Presidential Election of 2024 Primaries and Caucuses Standard & Poor's 500-Stock Index Trump, Donald J United States Economy United States Politics and Government
Inflation Fears Stalk Presidential Politics and the Markets
Lawmakers on Capitol Hill are set to grill Jay Powell, the Fed chair, about interest rates and the economy, topics that are top of mind for voters and investors alike.