Freshly released minutes from the central bank’s September meeting show that policymakers were divided on how much to cut rates.
Category: Interest Rates
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A Strong Jobs Report Suggests the Economy Is More Resilient Than We Thought
After months of wobbling, a fresh jobs report showed that hiring and wage growth are strong, aligning with other robust economic data.
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Jobs Report Adds to Economic Momentum for Harris
In recent weeks, reports have shown inflation slowing and the economy growing at a robust clip. The Federal Reserve has also cut interest rates, bringing mortgage rates down.
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The Job Market Is Chugging, Completing a Solid Economic Picture
After months of wobbling, a fresh jobs report showed that hiring and wage growth is strong, aligning with other robust economic data.
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Tesla Sales Increase, Suggesting Electric Car Demand Is Rebounding
The automaker reported a gain of 6.4 percent for the latest quarter, its first such increase this year.
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Eurozone Inflation Slows to 1.8%, Bolstering Bets on Faster Rate Cuts
Investors now expect the European Central Bank to lower interest rates at its next meeting in October.
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Fed Chair Powell Underscores That More Rate Cuts Are Coming
Jerome H. Powell, chair of the Federal Reserve, said that inflation is down and unemployment up “significantly,” and that rates will move down “over time.”
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Stocks Tumble in Japan After Party’s Election of New Prime Minister
Stocks dropped after Japan’s governing party chose Shigeru Ishiba, a critic of the country’s longstanding ultralow interest rates, as its leader.
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The Fed’s Preferred Inflation Gauge Cooled in August
Inflation has been slowing for months, which has paved the way for Federal Reserve interest rates cuts.
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Trump’s Plans Could Spur Inflation While Slowing Growth, Study Finds
A nonpartisan economic analysis warned that deporting migrants and increasing tariffs would damage the U.S. economy.
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China Cuts Interest Rates and Mortgage Down Payments
The country’s central bank also freed commercial banks to lend more money in a package of moves aimed at rekindling growth in a stagnant economy.