Federal Reserve kicks off highly anticipated meeting with interest rate cuts on the docket
Interest rate cuts are top of mind for markets as the Federal Reserve's two-day September policy meeting begins Tuesday after Fed Chair Jerome Powell recently signaled cuts are coming.
Inflation hits 2.5% in August, keeping the Fed on track to lower interest rates
The annual inflation rate in August was 2.5%, but core inflation remained sticky at 3.2%, according to the latest Consumer Price Index (CPI) report.
Stocks swing after inflation data, Harris-Trump debate
Stocks saw big swings as investors parse the outcome of the Trump-Harris debate as well as fresh inflation data ahead of the Federal Reserve's meeting on Sept. 18.
Inflation rises 2.5% in August, less than expected
Inflation declined in August to the lowest level since 2021, as prices rose 2.5% from last year. The data boosts the Federal Reserve's case for an interest rate cut next week.
Consumers see inflation easing, anxious about job market, personal debt: NY Fed survey
A new report by the New York Federal Reserve found that consumers see inflation leveling off and have mixed views about the labor market, as well as worries about household debt.
Jobs report is a boom for migrants, slump for Americans
The new August jobs report shows the number of U.S.-born workers fell over the last 12 months, while foreign-born workers made massive gains.
US economy added 142,000 jobs in August, missing expectations
The U.S. Department of Labor reported that U.S. employers added 142,000 jobs in August, missing economists' expectations, while the unemployment rate ticked down slightly to 4.2%.
Cash in money market accounts at record level as rate cuts loom
Investors' cash stockpiled in money market accounts hit a record $6.24 trillion in August, though looming interest rate cuts could lower returns and prompt outflows.
Inflation measure closely watched by the Fed rises 2.5% in July
The Commerce Department released an inflation gauge that is closely monitored by the Federal Reserve, providing a look at price pressures in the economy.
Custodia Bank laying off employees as Biden admin's crypto crackdown weighs on digital asset industry
Custodia is a small, state-chartered bank but plays a crucial role for businesses that have otherwise been unable to gain access to banking services elsewhere.
Consumer confidence reaches six-month high, but labor market worries rise
The Conference Board's latest survey showed that consumer confidence and optimism about the economy avoiding recession rose, even as labor market concerns edged higher.
What sausage sales tell us about the economy: Dallas Fed
In the Federal Reserve Bank of Dallas' latest report on Texas manufacturing, several producers issued dire warnings about the state of the economy and the consumer.
US firms' 'low firing' approach could turn to more layoffs, Fed's Barkin warns
Federal Reserve Bank of Richmond President Thomas Barkin warned that U.S. businesses' "low-hiring, low-firing" approach may not last as the central bank eyes interest rate cuts.
Fed's actions spoke louder than words to markets in fight against inflation, research finds
New research from economists finds that the Federal Reserve's actions in raising interest rates in response to surging inflation did more than rhetoric to move markets' expectations.
Fed’s Powell: ‘The time has come’ for interest rate cuts
Federal Reserve Chair Jerome Powell signaled during a speech Friday at the Kansas City Fed's symposium in Jackson Hole, Wyoming, that interest rate cuts are on the way.
Fed's Powell may use Jackson Hole speech to shed light on rate cut timing
All eyes will be on Federal Reserve Chair Jerome Powell on Friday as he delivers a keynote speech at the Kansas City Fed's economic symposium in Jackson Hole, Wyoming.
US economy created 818,000 fewer jobs than previously reported
The Labor Department released payroll data that provided a look at job creation in the year through March, which is much weaker than previously believed.
Harris blames corporate greed for high prices, but some economists disagree
Vice President Kamala Harris will announce a price-fixing plan for corporations, but economists question whether it will help reduce elevated prices.
July inflation drops below 3% as Fed considers September rate cut
Inflation dipped below 3% for the first time in three years, and that, combined with other economic indicators, may push the Fed to slash interest rates more than once.
Stuart Varney: Kamala Harris' economic plan is about to take another left turn
FOX Business' Stuart Varney discussed Kamala Harris' economic plan, arguing the vice president is trying to distance herself from Bidenomics as inflation remains a problem.