Fed
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Finance
U.S. Mortgage Rates Jump Above 7% for the First Time This Year
Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday,…
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Finance
Powell Suggests Interest Rates Could Stay High for a Longer Period
The Fed chair, along with the central bank’s No. 2 policymaker, stressed uncertainties over job growth and the persistence of…
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News
Our Inability to Predict Inflation Is an Embarrassment to Economics
We were surprised when inflation rose. We were surprised when inflation fell. And we were surprised again when inflation stopped…
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Finance
Biden’s Plan B on Inflation: Turn It Against Trump
Price pressures aren’t easing fast enough to guarantee the interest-rate cuts the president hoped to see by November, so his…
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US
Another Red-Blue Divide: Money to Feed Kids in the Summer
The governor was firm: Nebraska would reject the new federal money for summer meals. The state already fed a small…
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Finance
How Low Will They Go? Wall Street’s Big Rethink on Interest Rate Cuts
Investors see Wednesday’s Consumer Price Index report as a pivotal report card on inflation and the Federal Reserve’s next move.
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Finance
Fed Chair Says Central Bank Need Not ‘Hurry’ to Cut Rates
Jerome Powell said that strong economic growth gives Federal Reserve officials room to be patient, and he emphasized the institution’s…
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Finance
A Key Inflation Gauge Hovers Above Fed’s Target
The Fed’s preferred inflation gauge was relatively stable on an annual basis, the latest reminder that bringing inflation down is…
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Finance
What to Watch on Wednesday as the Federal Reserve Meets
The central bank is not expected to change interest rates, but its economic projections will be in focus.
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Finance
Fed Meets Amid Worries That Inflation Progress Might Stall
Inflation had been moderating steadily, but it is now hovering around 3 percent. Will lowering it fully to normal levels…