Fed Chair Powell’s testimony to be watched for any hint on rate-cut timing
WASHINGTON (AP) — When will the Federal Reserve start cutting interest rates this year, and by how much?
Christopher Rugaber in political news
Federal Reserve’s preferred inflation gauge picked up last month in sign of still-elevated prices
WASHINGTON (AP) — An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month.
Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts
Chair Jerome Powell will enter this week's Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed's target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low.
Inflation slowed further in December as an economic ‘soft landing’ moves into sharper focus
The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship.
Americans' economic outlook brightens as inflation slows and wages outpace prices
After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden's political fortunes.