Solid August jobs report leaves another jumbo Fed rate hike on the table in September
U.S. employers added 315,000 jobs in August, opening the door to another super-sized interest rate hike when Fed policymakers meet at the end of September.
Market expert warns the Fed stuck ‘between a rock and a hard place’ as hiring 'frenzy' slows
MacroMavens president Stephanie Pomboy discusses the recent jobs report and warns employment boom will slow as businesses start to feel the direct pressure of earnings.
Fed Chair Powell says inflation fight could create heavy burden for Americans
Federal Reserve Chair Jerome Powell spoke at the Jackson Hole conference last week, saying that Americans will likely feel the financial burden as the Fed doubles down on decreasing inflation.
US job growth moderates in August with 315,000 added while unemployment edges higher
The Labor Department's August jobs report provided a key snapshot of the labor market's health amid growing fears that the U.S. is headed for a recession.
August jobs report likely to show hiring remained healthy, but gains could slow in coming months
The U.S. economy likely added 300,000 jobs in August, a solid figure that could raise the odds of another super-sized Federal Reserve rate hike later this month.
Mortgage rates climb to 5.66% after Fed pledges 'forceful' action on inflation
Mortgage buyer Freddie Mac said the average rate on the 30-year loan rose to the highest level in two months amid renewed fears of an aggressive Federal Reserve.
Fed rate hikes won't stop inflation if government spending stays high, paper says
Federal Reserve interest rate hikes will not successfully cool inflation unless the federal government also slows fiscal spending, a new paper suggests.
Fed's Mester sees interest rates topping 4% this year, no rate cuts in 2023
Federal Reserve Bank of Cleveland President Loretta Mester said on Wednesday that policymakers need to raise interest rates into restrictive territory to cool inflation.
US companies added just 132,000 jobs in August as hiring slows: ADP
The ADP National Employment Report published on Wednesday showed that private employers hired just 132,000 workers in August amid growing fears of a recession.
New York Fed's Williams warns interest rates likely to stay high for a while
The president of the New York Federal Reserve said on Tuesday that central bank policymakers must raise interest rates higher in order to combat the hottest inflation in decades.
Consumers at 'inflection point,' former Toys 'R' Us CEO argues
Former Toys 'R' Us CEO Gerald Storch explained the "warning signs" from consumers amid the inflationary environment and what it means for the retail industry.
Former CBO director warns inflation will take ‘years, not months’ to cool off
Former Congressional Budget Office Director Douglas Holtz-Eakin argues the "most important thing" about Powell's speech was that he didn't ensure inflation's soft landing.
Zuckerberg fallout, EBT tech issue, Powell speech reaction and more: Monday's 5 things to know
Meta CEO told Joe Rogan Facebook limited the Hunter Biden laptop story ahead of the 2020 election, a nationwide EBT outage and more earnings and labor reports are due this week.
Central banks can’t tackle inflation without more sensible fiscal policy, new study argues
Central banks cannot tackle inflation unless governments enact more prudent fiscal policies, argues a new study presented at the Jackson Hole Economic Symposium.
Fed’s Bostic says government spending 'somewhat of a headwind' for inflation
Atlanta Federal Reserve President Raphael Bostic said Friday that government spending is "somewhat of a headwind" for reducing inflation.
World Bank president on Fed's inflation fight: Central banks have more tools than rate hikes
World Bank President David Malpass responds to Fed Chair Jerome Powell's concern over combatting inflation and the options world governments have to increase production.
Powell's hawkish tone in Jackson Hole raises bets of another super-sized rate hike
Federal Reserve Chairman Jerome Powell warned that interest rates will remain elevated for "some time," raising the odds on Wall Street of another 75 basis point increase.
Powell bracing Americans for job loss as inflation fight continues: Atlanta Fed president
Federal Reserve Bank of Atlanta President Raphael Bostic says his colleagues "don't know how much" job loss or economic impact could result from a hot inflation pace.
Fed's Powell pledges to combat inflation 'forcefully,' but warns of economic pain ahead
Federal Reserve Chairman Jerome Powell pledged to cool historically high inflation, but warned that higher interest rates could bring "pain" to the economy.
Fed's preferred inflation gauge eases in July but remains near 40-year high
The personal consumption expenditures index, which is closely watched by the Federal Reserve as it tries to wrestle inflation back to 2%, rose again in July.