Why the Fed is likely to cut interest rates again despite inflation uptick, solid economy

Despite stubbornly high inflation recently and a sturdy economy and job market, the Federal Reserve is expected to cut interest rates this week for the third straight meeting. What gives? Read More

Powell led the Fed’s fight against inflation. It’s not over yet — and it could get even harder

Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly after. Read More

Inflation Ticks Up as Economy Shows No Sign of Slowing Down

Although the consumer price index is the more widely known measure of prices, Fed Chairman Jerome Powell ... economic data had been good leading up to the meeting, some members of the Fed’s ... Read More

U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate

The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous ... Read More

US economy holds firm in early Q4; inflation stuck above Fed's target

WASHINGTON (Reuters) -U.S. consumer spending increased slightly more than expected in October, suggesting the economy retained much of its solid ... inflation remains sticky and could lead some ... Read More

US Economy Posts Solid 2.8 Percent Growth in Q3, Consumer Spending Leads

Though slightly slower than the previous quarter's 3 percent growth, the report highlights the economy's gradual fight against ... economists warn could increase inflation. More Leon Neal/Getty ... Read More

The Economy's Solid Growth Leading Into the Election

Real GDP grew by 2.8% in the third quarter, according to the latest data released on Oct. 30. It was the last measure before many voters took to the polls and could be read as a testament to the ... Read More

Inflation Back on the Radar Ahead of Fed Meeting

I am reasonably confident they will reduce rates or that reducing inflation without creating a hard landing is foremost on Powell’s agenda. We’ll see.” Fed Chairman Jerome Powell received a ... Read More

Why so many Americans are dissatisfied with the seemingly solid economy

more than six in 10 voters rated the economy as not so good or poor; 69 percent of them cast their vote for Trump. That's despite slowing inflation, solid growth, and low unemployment, says ... Read More

U.S. economy grew at a solid 2.8% pace last quarter on strength of consumer spending

The report “sends a clear message that the economy is doing well, and inflation is moderating — good news ... more rate cuts in 2025 and two in 2026. The cumulative result of the Fed’s ... Read More