A hotter-than-expected inflation report led investors to push out their expectations for Federal Reserve rate cuts until later in the year.
Category: United States Economy
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Latest CPI Report Is a Crucial Inflation Report Card
Investors and the White House will pore over the latest Consumer Price Index report for clues on prices — and potential interest rate cuts.
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Why the Cost of Biden’s Climate Law Keeps Going Up
Forecasters say the president’s clean-energy incentives will be more effective than they had originally expected, in part because of new federal regulations.
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U.S. Debt on Pace to Top $54 Trillion Over Next 10 Years
Congressional Budget Office projections released on Wednesday said a growing economy and recent spending cuts had slowed deficits.
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For First Time in Two Decades, U.S. Buys More From Mexico Than China
The United States bought more goods from Mexico than China in 2023 for the first time in 20 years, evidence of how much global trade patterns have shifted.
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Yellen Says Stable Financial System Is Key to U.S. Economic Strength
The Treasury secretary will offer an upbeat assessment of the economy on Tuesday, a year after the nation’s banking system faced turmoil.
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The Jobs Conundrum: Questions About Wages Persist
The latest data on jobs and wages are positive on the surface, but a large group of voters are still downbeat about the state of the economy.
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Why Are Americans Wary While the Economy Is Healthy? Look at Nevada.
Economic shocks over two decades, combined with reliance on volatile casinos, have undermined confidence despite an economy that’s bustling.
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Fed Chair Powell Says Officials Need More ‘Good’ Data Before Cutting Rates
Federal Reserve officials are debating when to lower rates. An interview with Jerome H. Powell confirms a move is coming, but not immediately.