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Here are the most important news items that investors need to start their trading day: After a selloff prompted by fears about the economy earlier this month, markets have largely been steady. The three major U.S. averages rose again Wednesday as investors anticipated an interest rate cut at the Federal Reserve's September meeting. All eyes will to turn Federal Reserve Chair Jerome Powell's comments Friday at the ce
WASHINGTON (AP) — Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting in September as long as inflation continued to cool.
WASHINGTON (AP) — Federal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation. Now, it’s the health of the job market that’s starting to draw their concern.
Vice President Kamala Harris on Saturday fiercely disagreed with former President Donald Trump's suggestion this week that U.S. presidents should have a say in the Federal Reserve's interest rate decisions. "I couldn't ... disagree more strongly," Harris told reporters in Arizona, referring to the Republican presidential nominee's comments. "The Fed is an independent entity, and as president, I would never interfere in the decisions that the Fed makes." Harris' comments drew a stark contrast between her and Trump, who said this week that the president should
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Wednesday set the stage for the central bank’s first rate cut in four years, citing greater progress toward lower inflation as well as a cooler job market that no longer threatens to overheat the economy.
With the end of their two-year fight against inflation in sight, Federal Reserve officials are likely Wednesday to set the stage for the first cut to their key interest rate in four years, a major shift in policy that could eventually lower borrowing costs for U.S. consumers and businesses.
WASHINGTON (AP) — The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates this fall.
WASHINGTON (AP) — Chair Jerome Powell said Monday that the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point.