Gold jumped above $2,400 an ounce to close in on the record price set in May, after an unexpected drop in US consumer prices bolstered hopes that the Federal Reserve will soon start cutting interest rates.
Chicago Federal Reserve Bank President Austan Goolsbee said on Thursday the U.S. economy looks like it is back on track to 2% inflation after a bump up earlier this year, suggesting he is gaining confidence the time will soon be ripe to cut interest rates
Federal Reserve Chair Jerome Powell said he believes inflation is receding, but isn’t yet confident that price gains are sustainably slowing to the central bank’s 2% goal.
U.S. inflation should continue to fall without a significant further rise in the unemployment rate, Federal Reserve Governor Lisa Cook said on Wednesday.
Federal Reserve Chair Jerome Powell said on Tuesday central bank independence is a proven and politically popular way to achieve the best possible outcomes for the U.S. economy.
Rent and housing costs are keeping U.S. inflation higher than preferred but consumer price pressures will continue to come down over time, Treasury Secretary Janet Yellen said on Tuesday, as a top White House adviser cited what she called "tremendous prog
SAN FRANCISCO (Reuters) - A surge in the U.S. labor force in recent years may have driven up the number of new jobs needed to avoid a rise in the unemployment rate to around 230,000 a month
By Michael S. Derby NEW YORK (Reuters) - The path U.S. inflation is expected to follow over coming years generally softened in June
Treasury yields declined Wednesday in a holiday-shortened US trading session after weaker-than-anticipated reports on service-sector and labor-market activity.
Federal Reserve officials said they were awaiting additional evidence that inflation is cooling and were divided on how long to keep interest rates elevated at their last policy meeting.
Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates.
Economists and some Federal Reserve officials are increasingly on alert that pain could be on the horizon for American workers amid signs the labor market is losing steam.
Federal Reserve Bank of New York President John Williams said he continues to believe price pressures are moderating back to the levels targeted by the central bank, in comments made on Sunday.
A growing chorus of Federal Reserve officials is discussing the advantages of communicating how they would respond to various economic outcomes different from their baseline forecast.
The biggest US banks took turns announcing higher payouts to investors Friday after easily passing the Federal Reserve’s annual stress test earlier this week.
