Federal Reserve Chair Jerome Powell speaks to reporters on May 1, 2024.
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The Federal Reserve doesn’t appear eager to cut rates.
Florida Gov. Ron DeSantis and entrepreneur Vivek Ramaswamy debate the finer points.
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With Donald Trump absent again, Republican presidential hopefuls took potshots at each other but agreed that Bidenomics isn’t cutting it.
Federal Reserve Board Chair Jerome Powell is watching the data.
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News of a soft landing may be premature.
Time to press the stop button?
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The Fed said it’s pausing its aggressive rate-hiking campaign as it collects more data on the impact.
‘Surely we can avoid an economic crash? We can, but don’t call me Shirley!’
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The numbers seem to be going in the ‘right’ direction for the Fed to pull off a soft landing – and avoid a recession – but the picture remains murky.
Inching toward a recession .. but what kind?
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The Fed’s campaign of rate hikes is showing more signs of having the intended effect of slowing the economy – but that may be bad news for those who lose their jobs or have a harder time finding one.
A recession-free landing for the Fed may be harder now.
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The Fed’s decision to raise rates is likely to put more pressure on regional banks, which will make it harder to avoid a recession.
Fed chair Jerome Powell opted for a cautious approach on rates.
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The Fed raised rates by a quarter-point – less aggressive than had been expected before the current banking crisis, but signaling inflation is still its focus.
Just hold your nose and make a decision.
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Big interest rate hikes could cause more market turmoil, while doing too little could have the same effect.
Fed Chair Jerome Powell has a tricky job in balancing inflation fears with recession fears.
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The latest consumer prices report shows cost of living is still rising far above the Fed’s target. But don’t expect monetary policymakers to aggressively hike rates.
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The collapse of a US bank is the latest crisis for central banks to deal with. But rather than being saviours of the global economy, what if they are actually a big part of the problem?
Is strong hiring fanning the flames of inflation?
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The Fed has been trying to tame employment and wages to keep inflation in check. It ain’t working.
Data shows teacher pay never exceeds that of other college graduates.
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Teacher wages have risen little over the past few decades when adjusted for inflation.
Markets reacted positively to Fed Chair Powell’s acknowledging “disinflation” is happening.
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The Fed lifted its benchmark interest rate just 0.25 percentage point following a series of much more aggressive rate hikes in 2022.
Putting your money where his mouth is.
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The US spent $232 billion paying interest on the national debt in the first quarter of 2023 as the Fed jacked up borrowing costs.
Calculating the cost of living in the country.
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The rising cost of living doesn’t hit all Americans equally. Yet the benchmark figure for charting the rising cost of living excludes people in rural areas.
Oeuf! Egg prices are rising faster than a souffle.
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A drop in gas prices helped tame inflation in December 2022. But grocery prices and housing costs continued to rise.
This could get ugly.
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Central banks are raising interest rates to tame inflation, but 2023 will increasingly turn a technical decision into a political challenge.
Homebuyers are receiving something of a holiday gift in falling mortgage costs.
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The cost of borrowing for a home has fallen in recent months, despite repeated increases of the benchmark interest rate. An economist explains the seeming paradox.
The Fed is taking aim at its inflation target.
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The Fed is waging war to get inflation down to its preferred level of around 2%. An economist explains what’s so special about that number.