Tag: Jerome Powell
Retail sales rose at healthy pace last month in latest sign...
WASHINGTON (AP) – Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the...
Federal Reserve is likely to slow its rate cuts with inflation...
WASHINGTON (AP) – Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve meeting....
U.S. inflation ticked up last month but price pressures remain far...
WASHINGTON (AP) – Fueled by pricier used cars, hotel rooms and auto insurance, inflation in the United States moved slightly higher last month while...
U.S. inflation rose slightly last month after 2 years of steady...
WASHINGTON (AP) – Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price increases...
Banks drop prime interest rates to 7.75%
PROVIDENCE – Most major banks have reduced their prime lending rates by a quarter-point recently to match the Federal Reserve's decision to cut its...
Federal Reserve cuts key interest rate by a quarter-point
WASHINGTON (AP) – The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation...
Federal Reserve is set to cut rates again while facing a...
WASHINGTON (AP) – No one knows how Tuesday's presidential election will turn out, but the Federal Reserve's move two days later is much easier...
Inflation gauge closely watched by the Fed falls to lowest level...
WASHINGTON (AP) – As a presidential race profoundly shaped by Americans' frustration with high prices nears its end, the government said Thursday that an...
More Americans file for unemployment benefits, but layoffs remain historically low
The number of Americans applying for unemployment benefits rose modestly last week but remains at healthy levels.
The Labor Department reported Thursday that applications for...
The Fed sees its inflation fight as a success. Will the...
WASHINGTON (AP) – With its larger-than-usual half-point cut to its key interest rate last week, the Federal Reserve underscored its belief that it's all...
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