Rising inflation and a weakening labor market have created a bind for the central bank, Jerome H. Powell, its chair, warned on Tuesday.
Category: United States Economy
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Trump’s Tax Cut Is Underwater. Can a ‘Refund Boom’ Save It?
Republicans are hoping a new name, along with larger refunds for many Americans next year, can buoy an economic agenda that polls show is unpopular.
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Miran Says Interest Rates Should Fall to 2.5 Percent This Year
Stephen Miran, who joined the central bank last week, said he believes rates should be around 2.5 percent, or about 2 percentage points lower than they are currently.
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How Universal Child Care Could Change the Economy
Zohran Mamdani, the Democratic nominee for New York City mayor, has proposed no-cost, universal child care, helping to reignite a national conversation.
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Hamburger Helper Sales Rise as Americans Try to Save on Food
The price of beef and other grocery items are climbing, and consumers are turning to canned meats and a 1970s staple.
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How to Budget for a Splurge in an Uncertain Economy
In turbulent financial times, splurging on expensive vacations or fine dining may feel unwise. But with planning, people can still find ways to indulge.
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New to the Fed, Miran Defends Calls for Sharper Reduction in Interest Rates
In his first comments since joining the Federal Reserve Board, Stephen Miran sought to emphasize his independence from the White House.
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Fed Faces No Good Options as Labor Market Wobbles While Inflation Firms
The central bank is grappling with how quickly to lower interest rates after restarting cuts on Wednesday, amid mixed economic signals and a relentless White House pressure campaign.
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Fed Cuts Rates for First Time This Year
The Federal Reserve lowered rates by a quarter point, but one governor voted for a bigger cut. Balancing persistent inflation and a weaker labor market was “a challenging situation,” the central bank chair said.
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Top Bessent Aide, Daniel Katz, Expected to Be Tapped as No. 2 at I.M.F.
The appointment would come as the Trump administration has called for sweeping reforms at the global economic institution.
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What to watch at the Fed meeting.
The U.S. central bank is widely expected to cut interest rates for the first time this year, despite the economy sending mixed signals.