Business
High Inflation and New Tariffs Will Make the Fed’s Job Tougher
High inflation is stoking fresh debate about how the Federal Reserve should respond to President Trump’s sweeping plans to reorder the…
Tag
Federal Reserve System
Business
U.S. Economy Grew 2.3 Percent in Fourth Quarter
Growth slowed but remained resilient at the end of 2024, leaving the U.S. economy on solid footing heading into a new year — and a new…
Business
Trump’s Tariffs Scramble Fed’s Interest Rate Calculus
The Federal Reserve’s efforts to orchestrate a “soft landing” for the United States economy are facing a torrent of uncertainty as the…
Business
What to Watch at the Federal Reserve’s First Meeting of 2025
The Federal Reserve is set to stand pat at its first gathering of 2025, pressing pause on interest rate cuts as policymakers take stock of…
Business
The Fed Is About to Hit Pause on Rate Cuts. Here’s Why.
At the Federal Reserve’s final gathering of 2024, Chair Jerome H. Powell announced that the U.S. central bank was embarking on a “new…
Business
Big Banks Quit Climate Change Groups Ahead of Trump’s Term
As the second presidency of Donald J. Trump begins, America’s largest banks and asset managers have abandoned one of the most overt…
Politics
Ahead of Trump Presidency, the Fed Quits Global Climate Network
The Federal Reserve has withdrawn from a network of global financial regulators focused on climate risk days before President-elect Donald…
Politics
What Scott Bessent, Trump’s Treasury Pick, Might Get Asked Today
A test for Trump’s cabinet pick For businesses and markets, perhaps the most important of the hearings for the incoming Trump…
Business
CPI Rose in December, a Sign the Fed’s Inflation Fight Has Stalled
Consumer prices rose more quickly in December, the latest sign that the Federal Reserve’s fight against inflation may have stalled. The…
Business
Inflation Sped Up in December, a Fresh Challenge for the Fed
Consumer prices rose more quickly in December, the latest sign that the Federal Reserve’s fight against inflation may have stalled. The…
Business
Stocks and Bonds Fall After Strong Jobs Report Fuels Interest Rate Concerns
Stocks and bonds tumbled on Friday, as investors’ worries over the scale of government borrowing were amplified by signs of stubborn…
Business
U.S. Employers Add 256,000 Jobs in December
Employers stuck the landing in 2024, finishing the year with a bounce of hiring after a summer slowdown and an autumn marred by…
Business
The Fed Is in No Rush to Cut Rates
When the Federal Reserve began lowering interest rates in September, inflation was cooling and the job market was showing some troubling…
Business
December Jobs Report: Live Updates
When the Federal Reserve began lowering interest rates in September, inflation was cooling and the job market was showing some troubling…
Politics
Banks Are Racking Up Wins Even Before Trump Is Back in White House
Banks are on a winning streak, one that’s poised to intensify as President-elect Donald J. Trump takes office. Biden-appointed regulators…
Business
Rate-Cut Decision Was Narrow, Fed Minutes Show
Federal Reserve officials cut interest rates as expected last month. But minutes from their December meeting suggest that the decision was…
Business
Fed’s Vice Chair to Step Down From Role as Top Bank Supervisor
Michael Barr will step down from his role as the Federal Reserve’s vice chair for supervision by Feb. 28, or sooner if President-elect…