Fed’s Bowman says jobs data solidifies case for rate cuts
Federal Reserve Vice Chair for Supervision Michelle Bowman said she foresees three interest rate cuts for this year, a view bolstered by the latest employment data.
Economic news
Stocks waver near record before key inflation data: markets wrap
U.S. consumers probably experienced a slight pickup in underlying inflation in July as retailers gradually raised prices on a variety of items subject to higher import duties.
BOE cuts rates to two-year low after unprecedented re-vote
Officials are balancing food and retail payroll tax and wage inflation risks against mounting jobs losses and a "subdued" economy that could dampen future price pressures.
Fed’s Adriana Kugler to step down
The Federal Reserve governor's term was set to expire in January and President Donald Trump has made it clear that she would not be reappointed. The vacancy will give Trump an opportunity to appoint someone new to the central bank's board.
Weak jobs data boosts odds of mortgage rate drop
Employment came in below estimates, which some economists expect could move the bond market in ways that affect loan costs even before the Fed meets next.
Powell: ‘Many, many uncertainties’ remain for tariff impacts
Federal Reserve Chair Jerome Powell said during his regular press conference Wednesday that the process of determining tariff-related price increases was always going to be slow, but it has taken longer than he expected.
Trump, Powell tussle over renovation costs in rare visit
President Trump and Senate Banking Committee Chair Tim Scott, R-S.C., visited the Federal Reserve Board headquarters Thursday afternoon to inspect ongoing renovations whose cost overruns have heightened scrutiny of Fed chair Jerome Powell.
Fed’s Logan unconvinced of case for rate cuts
Lorie Logan, president of the Federal Reserve Bank of Dallas, said in a speech Wednesday that she is content to leave interest rates where they are, adding that she would want to see inflation fall to 2% before considering cuts.
Fed’s Hammack supports wait-and-see posture on rates
Two policymakers have suggested they might support a cut at the July meeting, but most others have signaled they want more time to assess the impact of tariffs on inflation.
Waller says QE to blame for Fed losses on reserve interest
Federal Reserve Gov. Christopher Waller said that criticisms of the Fed's balance sheet and calls to return to a scarce reserves system are misinformed, saying that much of the central bank's balance sheet is the result of activities outside the Fed's control.
NY Fed report: Return to zero rates a ‘significant’ risk
New research from the Federal Reserve Banks of New York and San Francisco says markets put the odds of zero interest rates lower today than in the recent past, but economic uncertainty raises the potential for drastic cuts in the "medium to long term."
Powell unbowed by pressure to cut rates in July
Federal Reserve Chair Jerome Powell was noncommittal about cutting interest rates at the central bank's next monetary policy meeting in July, saying future actions will depend on incoming data. His comments come as President Trump ramps up his criticism of the Fed chair.
Treasuries slip as investors take breather on Fed-driven rally
The recent rally was driven by economic data that reinforced wagers on at least two rate cuts this year, as well as speculation President Donald Trump will name a more dovish successor to Jerome Powell.
May PCE inflation rises to 2.3%, supports Fed caution
The Federal Reserve's preferred measure of inflation moved further from its 2% target, underscoring the central bank's reluctance to cut rates.
First-quarter GDP revised lower; Fed has other data on deck
Consumer spending and exports fell slightly in the latest estimate, leading to a downward revision. Imports, which dragged down overall output during the first three months of the year, also came in smaller.
Republicans play nice with Powell despite Trump’s criticism
Federal Reserve Chair Jerome Powell testified in the House Tuesday on the heels of yet another pointed social media post from President Donald Trump. But House Republicans largely avoided landing political blows against the central bank chair.
BNPL competition flares as Sezzle sues Shopify
Buy now/pay later provider Sezzle has filed a lawsuit against Shopify, alleging that the e-commerce giant engaged in antitrust practices by making it difficult for merchants to integrate Sezzle's BNPL offering into their websites.
Fed likely to hold steady after muted tariff impact in CPI
The government measure of inflation for May ticked up modestly, adding to the signals that the Federal Reserve is unlikely to move on interest rates when it meets next month.
Treasury yields rise before key inflation data, 10-year auction
Markets are currently wagering the US central bank will cut interest-rates once more with around a 70% chance of a second move this year.
Solid hiring in May undermines calls for Fed rate cut
The U.S. economy added 139,000 jobs, a healthy clip that counters the president's calls for a rate cut to bolster the labor market.
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