News

Inflation Rises, Narrowing Chances for a Fed Rate Cut
The core index that omits energy and food costs also rose by 0.3% in June, but the annual rate ticked up to 2.8% from 2.7% and slightly above forecasts. Personal spending rose by 0.3%, below the 0.4% forecast but still suggesting consumers are willing to continue shopping.
Consider This Bank ETF Before The Fed Cuts Rate This Fall
The Federal Reserve’s July FOMC meeting came and passed precisely as expected: without any change to its benchmark effective federal funds rate (EFFR). Chairman Jerome Powell and the other Fed governors noted their post-meeting press release that the central bank will be holding its EFFR steady in the 4.
Fed Dissenters Defend Call for July Rate Cut as Trump Intensifies Attacks
The central bank this week kept interest rates steady for a fifth-straight meeting, prompting the first double dissent from members of the powerful Board of Governors since 1993.
In a dissent not seen in three decades, two Fed governors wanted to cut interest rates and here is why
Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained why they would've cut rates by 25-basis-points.
Here's the case for lower rates from the Fed's 2 dissenting voices
The Fed opted against cutting rates, but a rare dissent from two governors says the central bank risks being too late amid a cooling labor market.
Fed’s Dissenters Were Worried About Jobs. Now We All Are.
Governor Christopher Waller and Vice Chair for Supervision Michelle Bowman both voted to cut rates by a quarter percentage point at the Fed’s July meeting. It was the first time in more than 30 years that two governors dissented from a monetary-policy decision.
Fed's Bowman and Waller Explain Why They Voted for Rate Cuts
Federal Reserve governors Michelle Bowman and Christopher Waller favored an interest-rate cut this week because they have grown more concerned about the labor market, and thought their colleagues were being too cautious about inflation.
‘Trust America’ Trade Under Threat: Why the Jobs Report, BLS Firing, and Fed Resignation Sparked Market Jitters
A so-called “sell America” trade, which led in part to the weakest 7-month stretch for the dollar in five decades, developed ...
Economist Warns Fed Could Hike Interest Rates Despite Trump Calls for Cut
The Fed's rate-setting committee is scheduled to meet later this week as Trump continues to push for looser monetary policy.
Fed's favored inflation gauge shows consumer prices rose again in June
The Federal Reserve's preferred inflation gauge showed that prices increased slightly in June, as policymakers continue to monitor data for signs of tariff-induced inflation.
Fed holds interest rates steady, Chair Powell says Fed independence 'very important'
The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump made an unusual visit to ...
Fed’s Powell sticks with patient approach to rate cuts, brushing off Trump’s demands
The chair acknowledged that if the Fed cut its rate too soon, inflation could move higher, and if it cut too late, then the ...
The New Republic on MSN3dOpinion
Here’s Your Warning Sign: Inflation Just Spiked in Every Key Indicator
On the 2024 campaign trail, President Trump promised to “end inflation” and increase affordability, while touting economic ...
Hassett on Trump’s next Fed chair: ‘We’ll have to see if he chooses me’
National Economic Council Director Kevin Hassett signaled in a Sunday interview that he is open to succeeding Federal Reserve ...
Fed’s Kugler Says Tariff-Driven Inflation Should Leave the Fed on Pause
Federal Reserve governor Adriana Kugler said the Fed should hold interest rates steady for a while to come, because new trade barriers are likely to spark more inflation in the months ahead. Speaking ...