Hassett sees Fed acting if October inflation data come in high
Hassett was speaking shortly after the latest PCE inflation report showed that core price gains, excluding food and energy, clocked a 3.1% year-on-year pace for September.
Economic news
Fed will drop one interest rate vote next year; two in 2028
Federal Reserve Chair Kevin Warsh said the Federal Open Market Committee will continue to meet eight times a year, but one such meeting will not include an interest rate vote or an official policy statement.
For Fed, politics impossible to avoid in pre-midterm FOMC
The Federal Open Market Committee's voting history heading into previous elections might shed light on how it approaches this week's decision.
Fed meeting focus turns to Warsh messaging with December in mind
It's the same task the Fed chairman fumbled in July, when investors took a rate hold in stride but balked at Warsh's unwillingness to signal borrowing costs might need to move higher.
What if the bond market has outgrown the Fed?
Kevin Warsh doesn't want the market slavishly paying attention to the Fed; looking at what's happening in the the bond market, it may already be obliging him.
Treasury haven trade bounces back as technology stocks slump
Traders were pricing in about a 35% chance the Fed opts for an interest-rate hike later this month after U.S. producer prices rose in September at the fastest pace in more than four years.
Treasuries slump as hot inflation lifts Fed rate-hike bets
Traders priced in a roughly coin-toss probability that the U.S. central bank boosts rates at its October meeting after consumer prices advanced at the fastest pace in five months.
Inflation uptick puts pressure on Fed to hike again
The consumer price index increased 3.7% in September, potentially dashing market hopes that the Federal Reserve might delay raising interest rates later this month.
Trump establishes committee to investigate Fed’s Cook
President Donald Trump announced the formation of a committee to investigate allegations of mortgage impropriety by Federal Reserve Gov. Lisa Cook in an effort to remove her from office.
Wall Street sees an ominous sign in bond market’s latest selloff
During the past few weeks the term premium spiked to levels not seen in over a decade and drove the latest leg of the bond selloff that's sent US Treasury yields to a 24-year high.
Lofty U.S. yields lure strong investor appetite at 10-Year auction
The global bond market has been hammered in recent weeks as elevated energy prices fueled concerns about faster inflation and further central-bank rate increases.
Hiring slows down significantly in September
The economy added just 29,000 jobs in September, far below economists expectations, though the unemployment rate remained steady, indicating softening in the labor market.
Barr: ‘now is the time’ to prepare for AI-driven job losses
Federal Reserve Gov. Michael Barr said artificial intelligence has not yet had a material impact on the labor market, but governments and businesses should be prepared nonetheless.
US bond-market selloff deepens as Trump spurns Iran’s offer
The declines pushed most US yields higher by 10 basis points in mid-morning trading, with 10- and 30-year benchmark yields near the highest since 2007 and 2004.
U.S. 30-year yield hits highest since 2004 as bond selloff deepens
A fresh jump in oil prices on Thursday lifted five- to 30-year Treasury yields to new multiyear highs in choppy U.S. trading, with the 30-year rising as much as seven basis points to 5.47%, its highest since 2004.
Consumers’ financial vulnerability hits record high: Report
The share of American households considered "financially vulnerable" rose to 17%, the highest level since at least 2018, according to the nonprofit Financial Health Network.
Bank economists see continued growth, persistent inflation
The U.S. economy is expected to keep growing despite nagging inflation, according to the latest consensus report from the American Bankers Association's Economic Advisory Committee.
Warsh: Rising bond yields a sign of strong U.S. economy
Federal Reserve Chair Kevin Warsh framed the central bank's move to increase interest rates as a moderate adjustment to rapid economic growth during his post-Federal Open Market Committee press conference.
Stocks, bonds rise in countdown to Fed decision: markets wrap
Economists in a recent Bloomberg survey expected policymakers to hold their outlooks for unemployment and inflation largely unchanged.
Amid protesters and a midterm, AI dominates Bessent hearing
Anxieties over AI drew attention from Democrats and Republicans during Treasury Secretary Scott Bessent's testimony at the House Financial Services Committee.
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