Gold Tops $2,300 After Powell Reiterates Rate-Cut Path This Year
Gold rose to another record, extending a weekslong rally after Federal Reserve Chair Jerome Powell reiterated that it will likely be appropriate to begin lowering...
Fed’s Powell Ready to Support Job Market Even if Inflation Lingers
As inflation surged in 2022, the Federal Reserve moved to prevent a wage-hike spiral by jacking up interest rates. Now, with unemployment edging up, the...
Fed Seen Sticking With Three 2024 Cuts Despite Higher Inflation
A recent pickup in inflation isn’t likely to shift Federal Reserve policymakers’ forecasts for three interest-rate cuts this year and four in 2025, according to...
Fed Rate Cut Latest: Slow Inflation Retreat to Bolster Powell’s Patience
Inflation in the US probably abated only gradually last month and retail sales rebounded, illustrating why the Federal Reserve is in no rush to lower...
Powell Says Fed Is ‘Not Far’ From Confidence to Cut Interest Rates
Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates. “We’re waiting to...
Inflation Report to Show Fed’s Battle Is Now All But Complete
The US inflation outlook was already steadily improving in recent months, but last week, right in the middle of the Federal Reserve’s two-day policy meeting,...
Interest Rates Latest: Final Hiking Stretch Will Be Hardest, BIS Says
The unprecedented cycle of global interest-rate increases is entering its most challenging stretch as inflation threatens to become entrenched, according to the Bank for International...
America is drunk on credit–and polarized politics complicate the Fed’s unenviable challenge of ending easy money
I would not want to be in the seat of Federal Reserve chair Jerome Powell. Whether the Fed continues to hike interest rates or not,...
The Fed Missed Inflation. Can Jay Powell Tame It Without Causing a Recession?
During the first year of the pandemic, Federal Reserve Chairman Jerome Powell earned a reputation as a monetary dove, rolling out innovative policies aimed at...