Fed chair insists he won’t resign and that Trump can’t force him out
The U.S. central bank sticks to the script and cuts interest rates by 0.25 percentage points
The U.S. central bank sticks to the script and cuts interest rates by 0.25 percentage points
The 0.2% rise in prices from August to September was higher than analyst expectations, but it reinforces the idea that the Federal Reserve will not continue to cut rates aggressively
The unemployment rate drops to 4.1% after 254,000 jobs were created last month. The figures reflect an economy in good shape with a month to go to the election
Powell signals a half-a-point reduction to the key benchmark rate, not out of fear of a recession but as part of his soft landing strategy
Investors had been divided on whether the first cut of the new cycle would be aggressive or moderate
The data point paves the way for the interest rate cut that the Federal Reserve is expected to approve next week
Employment creation in August was weaker than expected, according to the latest report from the Bureau of Labor Statistics, which could lead to the Fed slashing rates by half a point instead of a quarter point
Jackson Hole meeting confirms that central banks’ concerns have shifted from prices to employment and economic activity in search of an elusive soft landing
The violent reaction to employment data reflects lingering tensions in Wall Street, as well as valuations that may face a severe correction
Market consensus continues to point to September as the most likely moment for the price of money to go down
GDP grew at an annualized rate of 2.8%, double that of the first quarter, showing unexpected resilience despite the higher borrowing costs
The U.S. stock market is at an all-time high, driven by technology shares. Analysts continue to consider equities as being the best investment option for the second-half of the fiscal year
The unemployment rate rose to 4.1%, with discrepancies between the different labor statistics
Prices are soaring and the option to buy is receding for millions of tenants nailed by rising rents
The slowdown is bad news for U.S. President Joe Biden, who is seeking re-election in November. The Commerce Department had previously estimated that the nation’s GDP expanded at a 1.6%
After allies of the ex-president produced a 10-page plan to weaken the central bank, the Council of Economic Advisers issued a statement warning of the dangers of political interference
The economy added 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market
That possibility did not even exist a couple of weeks ago, but now it is considered a real risk by some analysts. The market is now questioning the central bank’s prediction of three cuts in 2024
Prices outside the volatile food and energy categories rose 0.4% from February to March, the same accelerated pace as in the previous month. From a year earlier, these core prices were up 3.8%
The chair of the American central bank said that he has ‘peace of mind’ because he knows decisions on interest rates are based strictly on economic criteria
The government reported Friday that prices rose 0.3% from January to February, decelerating from a 0.4% increase the previous month in a potentially encouraging trend for President Joe Biden’s re-election bid
The Federal Reserve chair aims to lower the price of money twice before the November elections
The country’s growth and strong job market has done little to diminish widespread unhappiness about inflation and high interest rates
The Federal Reserve is expected to maintain the price of money at 5.25%-5.5% on Wednesday and to update its forecasts for the end of the year
The economist, one of the first to blame part of the recent inflation on corporate profit, is calling on central banks to change their monetary policy
Prices rose 0.4% from January to February, higher than the previous month‘s figure of 0.3%. Compared with a year earlier, consumer prices rose 3.2% last month
Last month’s job growth marked an increase from a revised gain of 229,000 jobs in January. At the same time, the unemployment rate ticked up two-tenths of a point