Fed’s Bowman Sees Rate Cuts on Pause Until Inflation Declines Again
Federal Reserve Governor Michelle Bowman considers interest rates on hold for the time being until the data shows inflation has resumed its downward trend. Bowman was the lone dissenter on the FOMC’s September decision to lower the federal-funds rate by half a percentage point,
U.S. inflation data in the coming week could test the nerves of stock investors and further inflame worries about rising ...
Underlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and ...
Fear that inflation could return in 2025 has raised questions over the possibility of a stagflation scenario—predicted to ...
NBC News' Angie Lassman discusses the latest weather conditions in Los Angeles as five wildfires continue to scorch the area.
Top Federal Reserve officials — including Chair Jerome Powell — are increasingly pointing to an obscure price gauge as a ...
The Fed is likely done cutting rates amid robust economic activity and can now eye a hike if core PCE or long-term inflation ...
The U.S. job market again defied an anticipated slowdown, with firms adding more than a quarter of a million jobs in the last ...
Minutes from the most recent meeting of Federal Reserve policymakers showed uncertainty about the impact of President-elect ...
The surprising 256,000 increase in new jobs in December and a declining unemployment rate is good news, but the latest ...
A proposal from two top nominees would let the president fire board members at will, and give Congress budget authority.
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