Treasury Secretary Scott Bessent said some sectors were in a recession as he argued for more interest rate cuts.
Category: Interest Rates
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Fed Risks a Recession if It Doesn’t Cut Rates Rapidly, Stephen Miran Warns
Stephen I. Miran, the newest member of the central bank’s Board of Governors, thinks some of his colleagues are too worried about inflation.
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A Month Without Data Muddles the Economic Picture
Tariffs and uncertainty were already making the economy hard to read. The loss of government data during the shutdown has made the situation much worse.
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What to know about the Fed meeting.
The U.S. central bank is widely expected to cut interest rates for the second meeting in a row even though the government shutdown is obscuring officials’ view of the economy.
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What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
See how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
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What to Watch at the Federal Reserve’s October Meeting
The U.S. central bank is widely expected to cut interest rates for the second meeting in a row even though the government shutdown is obscuring officials’ view of the economy.
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Fed’s Policy Path Looks More Treacherous as Shutdown Delays Critical Data
The central bank is poised to lower interest rates again on Wednesday despite having only a partial view of how the economy is faring.
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Comparing Savings Accounts and CDs Before the Fed Looks at a Possible Rate Cut
To ensure that your cash is getting the best return, compare the options among high-yield savings accounts and C.D.s.
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Powell Signals Fed Is on Track to Keep Cutting Rates
Jerome H. Powell, chair of the Federal Reserve, still sees labor market risks outweighing those posed by higher inflation tied to President Trump’s tariffs.
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Germany’s Top Economist Charts a Path Out of Europe’s Crisis
Joachim Nagel, the president of Germany’s central bank, warned against “complacency” in European capitals over tariffs, competition with China and attacks on institutions.
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A Tough Job for Jay Powell at the Fed Gets Tougher
Some at the central bank don’t feel the need to cut rates further this year; others are worried about the jobs market. That complicates the job of Jay Powell, its chair.
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New York Fed’s John Williams Favors More Rate Cuts
John Williams, president of the Federal Reserve Bank of New York, is primarily concerned with weakness in the labor market.