Tag: Jerome Powell
Inflation cooled slightly in December though it remains above Fed’s target
WASHINGTON (AP) – Inflation cooled a bit last month as prices for gas and used cars fell, a sign that cost pressures are slowly...
Sluggish hiring closes out a frustrating year for job seekers though...
WASHINGTON (AP) – Sluggish hiring last month closed out a year of weak employment gains that have frustrated job seekers even as layoffs and unemployment have also...
U.S. unemployment claims remain at historically healthy level
WASHINGTON (AP) – The number of Americans applying for unemployment benefits fell last week and remain at historically healthy levels despite some signs that...
U.S. economy expands at a surprisingly strong 4.3% annual rate in...
WASHINGTON (AP) – The U.S. economy expanded at a surprisingly strong 4.3% annual rate in the third quarter, the most rapid expansion in two...
Federal Reserve cuts key rate but signals higher bar for future...
WASHINGTON (AP) – The Federal Reserve reduced its key interest rate for the third time in a row Wednesday but signaled that it may...
Fed minutes: Most officials supported more rate cuts but not necessarily...
WASHINGTON (AP) – A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to...
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...
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