Breaking News: Economy

Powell says Fed is ‘not confident’ it has done enough to bring inflation down

Federal Reserve Chairman Jerome Powell said Thursday that he and his fellow policymakers are encouraged by the slowing pace of…

Watch Fed Chair Jerome Powell speak live to an IMF panel on monetary policy

[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a…

Cleveland Fed launches search for new leader after Mester leaves

The Cleveland Federal Reserve launched a search Wednesday for its new leader, after current President Loretta Mester retires in mid-2024.…

Fed’s Goolsbee says ‘golden path’ of a huge drop in inflation without a recession is still possible

Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks…

Central banks look to have hit peak rates. Here’s how markets think they’ll come down

The world’s major central banks paused their interest rate hiking cycles in recent weeks and with data suggesting economies are…

Voters’ grim economic outlook helps boost Trump in new battleground poll

A deeply pessimistic view of the U.S. economy among registered voters was a driving force behind new polling that shows…

Here’s where the jobs are for October 2023 — in one chart

The October jobs report showed a cooling labor market in the U.S., with many sectors showing minimal or negative growth…