Fed Chair Powell says holding rates high for too long could jeopardize economic growth
Federal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize economic growth.
Jeff Cox in asian news
U.S. economy added 206,000 jobs in June, unemployment rate rises to 4.1%
The U.S. economy again added slightly more jobs than expected in June though the unemployment rate increased, the Labor Department reported Friday.
Inflation falls 0.1% in June from prior month, helping case for lower rates
The monthly inflation rate dipped in June for the first time in more than four years, providing further cover for the Federal Reserve to start lowering interest rates later this year.
A new index is using AI tools to measure U.S. economic growth in a broader way
Measuring the strength of the sprawling U.S. economy is no easy task, so one firm is sending artificial intelligence in to do the job.
Private payrolls grew by just 150,000 in June, less than expected
Private payroll growth edged lower in June, according to a report Wednesday from ADP that indicates a potential slowdown in the U.S. labor market.
Powell says Fed has made 'quite a bit of progress' on inflation but needs more confidence before cutting
Federal Reserve Chair Jerome Powell expressed satisfaction Tuesday with the progress on inflation over the past year but said he wants to see more before being confident enough to start cutting interest rates.
Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected
An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years.
There's a big Fed inflation reading coming Friday. Here's what to expect
There could be some pretty good inflation news on the way from the Commerce Department when it releases a key economic report Friday.