Fed’s Powell says bringing down inflation will cause pain to households and businesses in Jackson Hole speech
admin Federal Reserve Chairman Jerome Powell used the spotlight on the central bank’s Jackson Hole retreat…
Read MoreStagflation
Federal Reserve officials back moving interest rates higher in order to slow the economy, minutes show
Federal Reserve officials in July agreed that it was necessary to move their benchmark interest…
Read MoreU.S. industrial output up sharply in July
The numbers: U.S. industrial production rose 0.6% in July, the Federal Reserve reported Tuesday. The…
Read MoreFed’s Barkin wants to keep hiking interest rates until there is a ‘sustained period’ of inflation under control
While the inflation data this week was certainly “welcome,” the Federal Reserve should continue to…
Read MoreU.S. jobless claims move higher in latest week, continuing recent trend
The numbers: Initial jobless benefit claims rose 14,000 to 262,000 in the week ended Aug.…
Read MoreU.S. producer price inflation moderates in July
The numbers: The U.S. producer price index fell 0.5% in July, the Labor Department said…
Read MoreU.S. producer price inflation moderates in July
The numbers: The U.S. producer price index fell 0.5% in July, the Labor Department said…
Read MoreU.S. jobless claims move higher in latest week, continuing recent trend
The numbers: Initial jobless benefit claims rose 14,000 to 262,000 in the week ended Aug.…
Read MoreJuly inflation and jobs data suggest no recession this year, Laura Tyson says
““We’re not likely to see a recession this year.”” Worries about a recession, at least…
Read MoreFed’s Kashkari says July CPI is ‘first hint’ of possible good news on inflation
The July consumer price data released Wednesday is the “first hint” that U.S. inflation might…
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