Jerome Powell

Compared with a year ago, compensation growth slowed to 4.3% from 4.5% in the second quarter. Still, that is faster than the rate of inflation

Prices rose 0.4% from August to September, a 3,4% increase compared with 12 months earlier. Fed is expected to keep its key short-term interest rate unchanged next week

Besides making it more expensive for U.S. homebuyers to buy a house with a mortgage, higher yields also put downward pressure on prices for everything from stocks to cryptocurrencies

Consumer prices rose 0.4% from August to September, below the previous month’s 0.6% pace

The sustained strength of the labor market makes it likelier that the Federal Reserve will raise its key rate again before year’s end as it continues its drive to tame inflation

The banker says the Silicon Valley Bank crisis is troubling and predicts high interest rates will persist

Inflation expectations are still high despite the squeeze on monetary policy. A target of 3% would be more in line with the economic reality left by the pandemic and climate change, but it is not possible right now

The move to leave its benchmark rate at about 5.4% suggests that the Fed thinks it has time to wait and see if the 11 rate hikes it unleashed starting in March 2022 will continue to cool rising prices

The cooling of inflation suggests that the Fed is edging toward a peak in the series of rate hikes it unleashed in March of last year — action that made borrowing much costlier for consumers and businesses

The latest data raises the likelihood that the Federal Reserve will leave interest rates unchanged when it next meets in late September

The number of job vacancies dropped to 8.8 million last month, the Labor Department said Tuesday, the fewest since March 2021 and down from 9.2 million in June

Central bankers prepare to keep interest rates high for longer than expected

‘We are prepared to raise rates further if appropriate and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective,’ the Fed chair said Friday

According to minutes from their July 25-26 meeting, the officials said they ‘would need to see more data... to be confident that inflation pressures were abating’ and on track to return to their target

However, excluding volatile food and energy costs, so-called core inflation matched the smallest monthly rise in nearly two years, a sign that the Federal Reserve’s interest rate hikes continue to slow price increases

In another sign of strength, the unemployment rate is expected to stay at 3.6%, not far off a half-century low

Job openings dropped to 9.6 million in June, the Labor Department said Tuesday, down slightly from the previous month but much lower than the 10.3 million in April

Recent figures provide the latest sign that the Federal Reserve’s drive to tame inflation may succeed without triggering a recession, an outcome known as a ‘soft landing’

ECB President Christine Lagarde said the bank’s next moves would be determined by what the data — including inflation and job numbers — will show

Last quarter’s expansion was well above the 1.5% annual rate that economists had forecast

The co-creator of the ‘Dollar Smile’ hypothesis — devised in 2001 — believes that his theory is still valid today. He thinks the US currency is just as dominant as it was 20 years ago

The move lifted the Fed’s benchmark short-term rate from roughly 5.1% to 5.3% — its highest level since 2001

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Prices are rising at their slowest pace since 2.6% in March 2021, but the Federal Reserve is still wary

The U.S. central bank is bumping monetary prices closer to the levels of the dot-com bubble

Job strength puts pressure on the Federal Reserve to raise rates this month to the highest levels since 2001

The wage data may raise concerns at the Fed, which is worried that faster pay gains will perpetuate inflation by leading companies to raise prices to offset their higher labor costs