Tag: Jerome Powell
Federal Reserve cuts key rate for second time this year
WASHINGTON (AP) – The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up...
Federal Reserve likely to cut key rate Wednesday and may signal...
WASHINGTON (AP) – The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in...
Average long-term U.S. mortgage rate eases to 6.3%, back to its...
The average rate on a 30-year U.S. mortgage edged lower this week, returning to its lowest level in about a year.
The average long-term mortgage...
Fed’s favored inflation gauge accelerates slightly in August
WASHINGTON (AP) – The Federal Reserve’s favored inflation gauge accelerated slightly in August from a year earlier.
The Commerce Department reported Friday that its personal...
Fed Chairman Powell says ‘balance of risks has shifted‘ during Chamber...
WARWICK – The U.S. economy may be performing well but rising concerns over a softening labor market have taken priority over a monetary policy...
Is the Federal Reserve’s decision to cut its key interest rate...
The Federal Reserve on Sept. 17 cut its key interest rate by a quarter-point, its first cut since December. It also signaled it would...
Federal Reserve cuts key rate by a quarter-point, signals 2 more...
WASHINGTON (AP) – The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this...
Average rate on a 30-year mortgage falls to lowest level in...
The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly a year, reflecting a pullback in Treasury...
U.S. inflation worsened last month as the cost of gas, food...
WASHINGTON (AP) – Inflation rose last month as the price of gas, groceries, hotel rooms and airfares rose, along with the cost of clothes...
Prices in the U.S. supply line before they hit consumers unexpectedly...
WASHINGTON (AP) – U.S. producer prices fell unexpectedly last month, dropping 0.1% from July.
The Labor Department reported Wednesday that its producer price index –...
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