Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.
Category: United States Economy
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Housing Costs Cool, but Remain a Source of Concern
Housing costs were up 5.4 percent in May from a year earlier, the smallest increase in more than two years. But monthly progress has slowed.
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Cooling Inflation Revives Biden’s Hope of Rate Cuts
The chances of at least one pre-election cut appeared to be helped by a new inflation report.
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CPI Data Will Arrive Just Before the Fed Meets. Will It Be a Game Changer?
Federal Reserve officials are poised to announce their rate decision and economic projections mere hours after the latest inflation release.
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CPI Data Will Arrive Just Before the Fed Meets. Will It Be a Game Changer?
Federal Reserve officials are poised to announce their rate decision and economic projections mere hours after the latest inflation release.
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What to Watch as the Fed Meets
Federal Reserve officials are expected to leave interest rates unchanged, and will release fresh estimates of how many cuts could come this year.
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Fed Is in No Rush to Cut Rates as Economy Holds Up
Federal Reserve officials are expected to leave interest rates unchanged at their meeting this week. They will also release a fresh set of economic projections.
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Biden Has a Historically Strong Job Market. It May Not Be Enough.
Job gains continue to surge, and the unemployment rate remains low, but as the president seeks re-election, voters say they care more about high prices.
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U.S. Adds 272,000 Jobs in May, an Unexpectedly Strong Pace in Hiring
Hiring levels have eased slightly but remain strong. The data for May, due Friday, is expected to show a gain of 190,000.
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What to Make of the Jobs Report’s Mixed Signals
The monthly data is drawn from two surveys. This time, one was quite strong, and the other flashed warning signs.
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Wage Growth Exceeds Forecasts, Potentially Deterring Fed Rate Cuts
The latest data could add to fears that the labor market remains too hot to bring inflation fully under control.
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The jobs report will be the latest test of the U.S. economy’s resilience.
Hiring levels have eased slightly but remain strong. The data for May, due Friday, is expected to show a gain of 190,000.