Jerome H. Powell used a speech in Jackson Hole to signal that the Federal Reserve will begin to cut rates on Sept. 18, and to voice wariness about the job market.
Category: Interest Rates
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If Your Debt Is Ballooning, There Are Steps You Can Take
More borrowers have been falling behind on their credit card bills and are paying more for basic banking services, like A.T.M. fees.
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How to Pay Off Credit Card Debt and Deal With Rising Bank Fees
More borrowers have been falling behind on their credit card bills and are paying more for basic banking services, like A.T.M. fees.
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Why the Fed’s Jackson Hole Confab Matters for Wall St. and the Economy
The Federal Reserve Bank of Kansas City’s annual conference in Wyoming gets a lot of buzz. Here’s why it matters for Wall Street and the economy.
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In Peak Election Season, the Stock Market Is Often Fickle. Be Patient.
With the political conventions behind us and a rate cut expected soon, the market has been rallying, yet our columnist says it’s safer to play a longer game.
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30-Year Mortgage Rate Dips to 6.46%; Home Sales Rise
Home buyers this week saw the lowest average rate since early 2023, and existing-home sales rebounded in July. Analysts predict more relief ahead.
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Will Powell’s Jackson Hole Speech Help Lead to a Soft Landing?
Investors are anxiously awaiting Jerome Powell’s policy speech at a symposium in Jackson Hole, Wyo. on Friday, as labor data suggests the economy is slowing.
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Powell Faces Economic Crossroads as He Prepares to Speak at Jackson Hole
Jerome Powell, the Federal Reserve chair, will deliver remarks as inflation cools and growth holds up — but as labor market weakening threatens to interrupt the soft landing.
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U.S. Added 818,000 Fewer Jobs Than Reported Earlier
The Labor Department issued revised figures for the 12 months through March that point to greater economic fragility.
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Americans Growing Worried About Losing Their Jobs, Labor Survey Shows
The New York Fed’s labor market survey showed cracks just as Jerome H. Powell, the Fed chair, prepares for a closely watched Friday speech.
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The Big Number: 2.9%
The rate of inflation in July on a yearly basis.
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The End of Fabulous Money Market Rates Is Near
You have been able to earn solid returns by parking your money in fairly safe places, our columnist says. But that won’t last much longer.