US inflation easing, job market similar to pre-pandemic conditions, Fed report says
By Howard Schneider (Reuters) -Inflation is easing and the job market has returned to the "tight but not overheated" situation seen before the COVID-19 pandemic threw the U.S. economy into disarray, the Federal Reserve said on Friday in a report to Congress that documented the steady emergence of more normal conditions in the aftermath of the health crisis.
Powell says Fed waiting on rate cuts for more evidence inflation is easing
Fed Chair Jerome Powell said he wants to see more evidence inflation is falling sustainably to officials' 2% goal before cutting interest rates.
Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts
Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling.
Fed rate cut debate in view as U.S. job market cools
By Ann Saphir (Reuters) -Federal Reserve policymakers got more evidence of labor-market cooling on Friday that could boost their confidence they are winning their fight on inflation, and open the path to a more active debate on interest-rate cuts when they next meet in late July.
Fresh Jobs Data Spurs Investors to Bet on September Fed Rate Cut
As unemployment ticks up and wage growth cools, Federal Reserve officials are watching for signs that the job market is about to crack.
Fed's Williams: still 'a way to go' to reach 2% inflation goal
The Federal Reserve has taken great strides in lowering inflation back down toward its 2% target rate but is still "a way" ...
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The Federal Reserve’s war on inflation: How it works
The battle to lower inflation continues. Halfway through 2024, and the Federal Reserve’s key interest rate is still at 5.25 ...
Discount retailer Big Lots to shutter stores, may go bankrupt amid ‘elevated inflation’
The nationwide home goods retailer reported inflation has hit hard, resulting in yearly losses and a reliance on dwindling ...
ECB Officials Looked Past Some Inflation Worries With Rate Cut
European Central Bank officials looked past concern over longer-term inflation in cutting interest rates last month — arguing ...
Inflation impacts prices on summer cookout groceries
Inflation impacts prices on summer cookout groceries ...
Investors just got an inflation wakeup call. Will they answer?
Over the past year, investors have been very vocal in their desire for the Federal Reserve to cut interest rates while ...
Lane Says ECB Still Has Some Concerns About Domestic Inflation
The European Central Bank isn’t fully convinced that price pressures generated in the euro area are sufficiently contained, ...
Powell Cites ‘Real Progress’ as Central Bankers Assess Inflation Fight
Jerome H. Powell, the Fed chair, and Christine Lagarde, the European Central Bank chief, sounded optimistic about recent ...
What Do Persistent Inflation And Higher Rates Mean For Housing?
More housing would benefit consumers, especially those with less money . . . even with high inflation and rates.
Inflation skews public perception of economy
High inflation is driving a gap between how Americans feel about the economy and how it's actually performing.