Fed
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Politics
3.3%
The rate of inflation in May over the previous year.
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Politics
Biden Has a Historically Strong Job Market. It May Not Be Enough.
Job gains continue to surge, and the unemployment rate remains low, but as the president seeks re-election, voters say they…
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Politics
Wage Growth Exceeds Forecasts, Potentially Deterring Fed Rate Cuts
As officials at the Federal Reserve weigh whether and when to cut interest rates this year, they have been hoping…
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Politics
Europe’s Fed Problem
The European Central Bank is widely expected to cut interest rates on Thursday. But how low it can go may…
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Politics
Fed Minutes Show Officials Were Wary About Inflation at May Meeting
Federal Reserve policymakers were still willing to raise rates if the economy surprised them, notes from their most recent meeting…
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Politics
Why Higher Fed Rates Are Not Totally Off the Table
Fed officials still think their next move will be to cut rates, but they are not entirely ruling out the…
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Politics
Stubborn Inflation Could Prod Fed to Keep Rates High for Longer
Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.
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Politics
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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Politics
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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Politics
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…