Are U.S. Interest Rates High Enough to Beat Inflation? The Fed Isn't So Sure
Higher interest rates may take longer to curb inflation, suggesting fewer rate cuts. American spending remains unaffected despite sharp rate increases. [ more ]
Bitcoin's Modest Rally Cut Short, Price Tumbles Back Below $61K
Bitcoin price fell due to disappointing U.S. economic data and hawkish remarks from the Dallas Fed President, contrasting with a recent high climb. [ more ]
The Fed Just Got the Job Market Cooling It Has Been Waiting For
Federal Reserve officials are monitoring the job market and considering interest rate cuts. Despite a solid labor market, signs of moderation are being welcomed. [ more ]
Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled
The Federal Reserve left the benchmark rate unchanged at 5.25-5.50%. Expectation for rate cuts has decreased due to economic strength and inflation rise. [ more ]
High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.
High interest rates have not significantly impacted Americans with assets like homes and stocks, leading to continued strong consumption and economic activity. [ more ]
Employment data is crucial for assessing the health of the economy; the April 2024 US data fell short of expectations, signaling potential job creation and economic growth slowdowns. [ more ]
US stocks continue to rally on investors' optimism
Investors are optimistic about potential interest rate cuts by the Federal Reserve after nonfarm payrolls data indicated fewer job additions and rising unemployment. [ more ]
Waiting for Lower Mortgage Rates? Prepare To Dig In for the Long Haul
Prospective homebuyers may face a lengthy wait for significant mortgage rate decreases due to the Federal Reserve's decision to hold interest rates steady. [ more ]
How Climate Disasters Could Destabilize Major Banks
A major hurricane in the Northeast U.S. could lead to bank loan defaults due to climate change impacts, as analyzed by the Federal Reserve and six largest U.S. investment banks. [ more ]
High Interest Rates Are Hitting Poorer Americans the Hardest
High interest rates are impacting low- and moderate-income families, causing more to fall behind on loans and pushing them closer to financial distress. [ more ]
The Fed's next inflation report could show easing of core inflation
Inflation levels in the U.S. are being closely monitored for signs of decline, potentially impacting the economy and the upcoming presidential race. [ more ]
Eggs, milk and other grocery prices fall as overall inflation eases
In April, grocery prices declined, easing inflation concerns with a smaller annual increase of 3.4%. Fed may consider interest rate cuts if inflation continues to moderate. [ more ]
The euro fell against the US dollar due to stronger US data and lack of surprises in the labor market, impacting market expectations on Fed's interest rate cuts. [ more ]
The Federal Reserve closely monitors the job market to determine future interest rate adjustments, with inflation and wage gains being key factors in decision-making. [ more ]
The Federal Reserve is quietly implementing a massive project of reducing its balance sheet through quantitative tightening, aiming to normalize its asset holdings. [ more ]
Fed Holds Rates Steady, Noting Lack of Progress on Inflation
High borrowing costs may persist as Fed officials are concerned about stubborn inflation and require more evidence of decline before rate cuts. [ more ]
Trump's allies propose more control over the Federal Reserve, including consultation on interest rate decisions and potential removal of Powell as Fed chair. [ more ]
Major currencies worldwide have fallen against the strong U.S. dollar due to Fed rate expectations, impacting global economy and necessitating dollars for better returns. [ more ]
If reelected, Trump could seek greater control over Federal Reserve
Allies of former President Trump are working on policies to make the Federal Reserve less independent post reelection, including a role in setting interest rates. [ more ]
Consumer spending remains strong, offsetting weaknesses in other sectors, with a slowdown in economic growth coinciding with the Federal Reserve's battle against inflation. [ more ]