Federal Reserve Chair Jerome Powell said recent signs of economic health would allow the central bank to take its time in deciding how quickly to continue reducing interest rates. Before Powell’s remarks, investors in interest-rate futures markets expected the central bank to lower rates by a quarter point at that meeting and then to slow down the pace of cuts …
Harris and Trump head West to woo voters. Today's top stories Vice President Harris and former President Donald Trump headed West yesterday to deliver their closing arguments of the campaign to voters in the critical swing states of Arizona and Nevada. toggle caption AP/AP 🎧 Almost every day this week, Harris has jumped onto things Trump has said to emphasize …
WASHINGTON — The U.S. economy is healthy and shows little sign of an imminent recession, and can withstand higher interest rates, St. Louis Federal Reserve president James Bullard said Monday. Bullard also said he currently supports a 0.75 percentage point increase in the Fed’s benchmark short-term interest rate at its next meeting later this month. Raphael Bostic, president of the …
WASHINGTON — U.S. employers added 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and rising interest rates. Last month’s gain reflects a resilient job market that has so far shrugged off concerns that the economy will weaken in the coming months as the Federal Reserve steadily raises interest …
