Tag: Jerome Powell
U.S. job openings rise to 8.1M despite higher interest rates
WASHINGTON (AP) – U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates intended to cool...
Federal Reserve envisions just one rate cut this year
WASHINGTON (AP) – Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they...
Inflation data this week could help determine Fed’s timetable for rate...
WASHINGTON (AP) – After Federal Reserve officials meet this week, a statement they will issue may suggest that they've seen meaningful progress on inflation...
U.S. employers added a robust 272K jobs in May
WASHINGTON (AP) – America's employers added a vigorous 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough...
Federal Reserve’s preferred inflation gauge eased last month for the first...
WASHINGTON (AP) – A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after...
U.S. inflation eased last month in the first slowdown of 2024
WASHINGTON (AP) – Consumer inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials...
Are U.S. interest rates high enough to beat inflation? The Fed...
WASHINGTON (AP) – The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several...
Yellen says threats to democracy risk U.S. economic growth
WASHINGTON (AP) – Treasury Secretary Janet Yellen is arguing that a fractured democracy can have destructive effects on the economy – an indirect jab...
Federal Reserve leaves interest rates unchanged
WASHINGTON (AP) – The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn't plan to...
Workers’ paychecks grew faster in the first quarter, a possible concern...
WASHINGTON (AP) – Pay and benefits for America's workers grew more quickly in the first three months of this year, a trend that could...
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