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FREDERIC J. BROWN/Getty Images President Donald Trump’s trade wars just might prompt the Federal Reserve rate cut he’s been clamoring for — but for the wrong reasons. Weeks after the White House slapped higher duties on Chinese imports and threatened new ones on products from Mexico, Fed...
Aaron Kohr/Adobe Stock The U.S. economy picked back up in May, and the outlook remained fairly upbeat, even though trade tensions caused uncertainty for retailers and manufacturers, a Federal Reserve survey released Wednesday found. The Fed’s Beige Book, which contains anecdotal information from business contacts throughout the...
JIM WATSON/Getty Images Federal Reserve Chairman Jerome Powell is on a mission – a mission to guide the U.S. economy toward its longest expansion on record, and to help you understand how the central bank is going to do it. There’s just one problem: Being easier to...
Chubarov Mikhail/Shutterstock U.S. economic growth in the first three months of 2019 was revised down by less than what economists expected, casting a slightly brighter picture amid jitters about escalating trade tensions and weakness around the globe. The headline number !function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o,r=/^http:/.test(e.location)?"http:":"https:";if(/^/{2}/.test(i)&&(i=r+i),window&&window.initialized)window.process&&window.process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","//e.infogram.com/js/dist/embed-loader-min.js"); Gross domestic product — the...
Mark Wilson/Getty Images Federal Reserve officials don’t look like they’re going to be abandoning their patient approach to interest rate adjustments anytime soon, although many participants see the recent dip in inflation as likely to be “transitory.” “Members observed that a patient approach to determining future adjustments...
Rob Kim/Getty Images The U.S. economy looks healthy and interest rates are in the right place, but the Federal Reserve must brace for the unexpected, said New York Fed President John Williams. “The economy remains on a path of healthy growth, with a very strong labor market...
Jacob Lund/Shutterstock When the Federal Reserve announced its interest rate decision last week, it let you in on a vexing, unsolved mystery that’s been perplexing U.S. central bankers for the latter half of 10 years: With the best job market in decades, why isn’t there...
Mark Wilson/Getty Images The Federal Reserve left borrowing costs unchanged, continuing to delay any rate moves amid persistently low inflation. The U.S. central bank voted unanimously Wednesday to maintain its benchmark interest rate in a range of 2.25 percent and 2.5 percent, a move that many anticipated...
Drew Angerer/Getty Images The last line of defense between President Donald Trump’s game of politics with the Federal Reserve might not be Congress – but the U.S. central bankers themselves. Trump caused Fed watchers to raise their eyebrows in March, when he announced that he was nominating...
Bloomberg/Getty Images Borrowers, brace yourselves. Carrying debt is about to become more expensive. The Federal Reserve’s rate-setting committee raised its key interest rate to a range of 1.25 percent to 1.5 percent. The prime rate will increase, too, from 4.25 percent to 4.5 percent. That will...