Tag: Jerome Powell
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 –...
Average rate on a 30-year mortgage drops to 6.5%, the lowest...
The average rate on a 30-year U.S. mortgage fell again this week, extending a recent trend that should give prospective homebuyers more purchasing power.
The long-term rate...
Applications for U.S. jobless benefits rise but remain in a healthy...
WASHINGTON (AP) – The number of Americans seeking jobless benefits rose modestly last week, suggesting that employers are still retaining workers even as the...
Key U.S. inflation gauge holds mostly steady though core inflation ticks...
WASHINGTON (AP) – The Federal Reserve’s preferred inflation gauge mostly held steady last month despite President Donald Trump’s broad-based tariffs, but a measure of...
Powell faces fresh challenges to Fed independence amid potential rate cuts
WASHINGTON (AP) – Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces...
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