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Fed’s Bowman backs July rate cut citing weak inflation and fragile labor market By . Ariel Zilber. ... the Fed must first see how inflation evolves in response to tariffs.
Bowman’s openness to cutting rates soon is joined by that of Fed Governor Christopher Waller, who said in a television interview Friday he’d also consider a rate cut at the July 29-30 meeting.
A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of ...
Federal Reserve governor Michelle Bowman supports a rate cut 'as soon' as July, highlighting the growing division within the central bank about whether to ease monetary policy in the near term.
It hasn't been an easy start to 2025 for Jerome Powell. Unfortunately for the Fed chair, the second half of the year is ...
"As a result, the adverse impact of tariffs on labor market conditions and economic growth may be more limited," Collins explained. The Fed’s benchmark interest rate currently stands in the 4.25%-4.50 ...
If you’ve been putting off a big purchase because you’re waiting for interest rates to drop back down to pandemic-era lows, you might want to reset your expectations. A new study finds that the ...
Atlanta Federal Reserve President Raphael Bostic warned that effects of President Donald Trump's tariffs could cause prolonged inflation rather than a one-time price spike.