Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.

Stubborn inflation has led traders to forecast far fewer rate cuts by the Federal Reserve than just a few months ago.

A wave of rapid immigration is taxing local resources around the country and drawing political ire. But it might leave America’s economy better off.

Stubborn inflation and strong growth could keep the Federal Reserve wary about interest rate cuts, eager to avoid adding vim to the economy.

The surprisingly stubborn reading raised doubts about when — and even whether — the Federal Reserve will be able to start cutting interest rates this…

Investors went into 2024 expecting the Federal Reserve to cut rates sharply. Stubborn inflation and quick growth call that into question.

Jerome H. Powell, the Federal Reserve chair, said officials can take their time cutting rates. He also underscored the Fed’s independence as election season heats…

Jerome Powell said that strong economic growth gives Federal Reserve officials room to be patient, and he emphasized the institution’s political independence.

The Fed’s preferred inflation gauge was relatively stable on an annual basis, the latest reminder that bringing inflation down is a bumpy process.

The Federal Reserve still expects to cut rates this year, and a change in selling practices could shake up home shopping. Here’s the outlook.