Fed Chair Jerome Powell: ‘No hurry’ to adjust monetary policy
1 of 3 | Federal Reserve Chair Jerome Powell testifies at the Senate Banking, Housing and Urban Affairs committee hearing on Capitol Hill in Washington,…
Inflation Is Proving Sticky as Fed Chair Powell Heads to the Hill
Breadcrumb Trail LinksPMN BusinessUS inflation showed scant signs of downward momentum at the start of the year, while healthy job growth undergirded the economy, backing…
White House orders pronouns removed from email signatures at fed agencies
1 of 2 | President Donald Trump signs two executive orders in the Oval Office of the White House in Washington, D.C., on Thursday. On…
US Fed leaves rates unchanged | Inflation News
US Fed is in a holding pattern as it awaits more inflation and jobs data and clarity on President Donald Trump’s tariffs.The United States Federal…
Fed pauses interest rate cuts. What happens next may depend on Trump
WASHINGTON — After three successive interest rate cuts, the Federal Reserve on Wednesday made no change in its benchmark lending rate amid new economic uncertainties over…
Calmes: Biden delivered a new ‘Roaring ’20s.’ Watch Trump try to take the credit
Poor Donald Trump. Twice elected president only to have to clean up the economic messes left to him by Democrats.In 2016, he groused about inheriting…
US Inflation Is Set to Back Fed Pause After Robust Jobs Data
Breadcrumb Trail LinksPMN BusinessUnderlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and…
U.S. hiring improves with a quarter-million new jobs in December
WASHINGTON — The U.S. economy created a burst of new jobs in December, capping a solid year of employment growth marked by big gains in healthcare…
US Fed officials expected slower rate cuts in 2025, say December minutes | Inflation News
Minutes of the December meeting show a division on decision to cut rates and the 0.25 percent cut was a ‘close call’.United States Federal Reserve…
Fed courts won’t refer Justice Thomas to attorney general over ethics
WASHINGTON — The federal courts will not refer allegations that Supreme Court Justice Clarence Thomas may have violated ethics laws to the Justice Department, the judiciary’s…
US Economy Surprised Again in 2024 Despite Fed, Election Drama
Breadcrumb Trail LinksPMN BusinessOver the last few years, the US economy has consistently defied expectations for a slowdown, and 2024 was no different.Author of the…
November PCE: Key fed inflation gauge rose 2.4% annually
1 of 4 | The Personal Consumption Expenditures index climbed by 0.1% in November on a month-over-month basis and 2.4% from the same period last…
Weekly recap: Markets in sea of red as the Fed dims Santa Rally hopes
Global markets are set to end the week lower following the Fed’s hawkish rate cut on Wednesday, which sent government bond yields soaring, draining liquidities.…
US Fed cuts interest rates but cautions for year ahead | Business and Economy News
Slower progress on inflation translates into a slower pace of rate cuts, especially as economic growth is brisk.The United States Federal Reserve has cut interest…
Fed lowers interest rates again but more cuts uncertain
WASHINGTON — The Federal Reserve on Wednesday made another cut in interest rates, but dialed back expectations for lowering rates in the near future. The rate…
Asian Stocks to Rise as US Inflation Backs Fed Cut: Markets Wrap
Breadcrumb Trail LinksPMN BusinessAsian stocks were poised to climb Thursday after US equities snapped a two-day slide on benign inflation data that supported expectations for…
I’m fed up with terrible WhatsApp changes but the latest is so bad I want to quit – I’m scared to even open the app
WHAT'S up with WhatsApp at the moment?The world's most popular messaging service has billions of users but I'm on the verge of deleting it for…
I'm A Celebrity's Dean branded 'pathetic' after stealing food from co-stars as viewers fed up
Tempers are starting to fray in the I'm A Celebrity camp, with fans and contestants alike both starting to tire of Dean's "childish" behaviour after…
Charting the Global Economy: Sticky Inflation Backs Fed Caution
Breadcrumb Trail LinksPMN BusinessThe Federal Reserve’s preferred inflation measure accelerated in October, helping explain US central bankers’ more cautious approach to interest-rate cuts.Author of the…
Fed Minutes Show Officials Prefer Future Rate Cuts to Be Gradual
Breadcrumb Trail LinksPMN BusinessFederal Reserve officials indicated broad support for a careful approach to future interest-rate cuts as the economy remains solid and inflation slowly…