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Economy slowed in second quarter, while inflation improved
The U.S. economy slowed to a 1.5 percent pace from April through June, as increases in consumer and business spending were partially offset by a drop in government outlays.
Fed holds rates steady; three policymakers dissent in favor of hike
The Federal Reserve held interest rates steady, drawing dissents from three members of the policy-setting Federal Open Market Committee.
Consumer inflation moderates; upside risks remain amid renewed Middle East conflict
U.S. consumer inflation slowed more than expected in June as energy prices retreated, but the moderation was insufficient to convince financial markets to take an interest rate increase off the table.
Supreme Court rejects Trump’s unprecedented bid to fire Fed’s Cook
The U.S. Supreme Court stood firm against an unprecedented challenge from Donald Trump, refusing to let him fire Federal Reserve Governor Lisa Cook.
Fed begins Warsh era by keeping rates on hold, sees one hike later this year
The Federal Reserve held interest rates steady, but policymakers expect a hike in borrowing costs later this year amid growing concerns about inflation.
Consumer inflation posts largest increase in three years in May
U.S. consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products.
Job market notches third straight month of solid growth in May
The economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year.
Inflation posts largest annual increase in three years in April
U.S. inflation increased at its fastest pace in three years in April, driven by higher energy prices due to the Iran war.
Fed minutes show more policymakers were prepared to lay groundwork for rate hike
A growing number of Federal Reserve officials said last month the central bank should lay the groundwork for a possible rate hike.
Warsh clinches Senate approval as next Fed chair as inflation intensifies
The U.S. Senate approved Kevin Warsh as chair of the Federal Reserve, putting him at the helm as the central bank grapples with intensifying inflation.
Economy posts second straight month of strong job gains, but strains remain
U.S. employment increased more than expected in April while the unemployment rate held steady at 4.3%, pointing to labor market resilience.
Annual inflation posts biggest gain in nearly three years in March
Inflation accelerated in March with the personal consumption expenditures price index rising 0.7%, the largest gain since June 2022, driven by higher gasoline prices.
