‘Why would you tinker with it if it’s not broken?’: Economist on why the Fed may not cut rates in September
Markets now firmly expect a September interest rate cut in the U.S., but the Federal Reserve has a strong reason…
Key inflation report looms on Thursday as traders grow more confident in Fed rate cut
A widely anticipated inflation report on Thursday may solidify expectations for the Federal Reserve to cut interest rates in coming…
Fed Chair Powell says holding rates high for too long could jeopardize economic growth
Federal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize…
IMF says Fed should hold interest rates where they are until ‘at least’ end of year
The Federal Reserve should wait to cut interest rates until “at least” the end of the year, according to the…
Biden Cabinet officials roll out new plans to cut costs of living ahead of Trump debate
President Joe Biden’s Cabinet will wrap up a barnstorming tour Thursday after two weeks on the road, touting the administration’s…
Sixteen Nobel Prize-winning economists warn a second Trump term would ‘reignite’ inflation
Sixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President…
Yellen announces $100 million affordable housing fund as shelter costs weigh on Biden
Treasury Secretary Janet Yellen on Monday unveiled a new slate of financing initiatives to support housing development, including a $100…
Trump previews debate attacks against Biden’s economy days before candidates face off
Former President Donald Trump on Saturday gave a brief glimpse of the ammunition he is loading up against President Joe…
Bank of England keeps rates at 5.25% in ‘finely balanced’ decision; traders lift bets for August cut
LONDON — The Bank of England on Thursday opted to keep interest rates steady at its June meeting, but described…
The Fed is ‘playing with fire’ by not cutting rates, says creator of ‘Sahm Rule’ recession indicator
The Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to the author…
