Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington, DC, US, on Friday, Oct. 24, 2025. Francis Chung | Bloomberg | Getty Images President Donald Trump knows who he’s going to select as the next Federal Reserve chair butRead More →
New York Federal Reserve President John Williams said Friday he expects the central bank can lower its key interest rate from here as labor market weakness poses a bigger economic threat than higher inflation. With divisions in the central bank running high over the future of rates, Williams took theRead More →
Inflation edged higher in July, according to the Federal Reserve’s preferred inflation measure, indicating that President Donald Trump’s tariffs are working their way through the U.S. economy. The personal consumption expenditures price index showed that core inflation, which excludes food and energy costs, ran at a 2.9% seasonally adjusted annualRead More →
A shopper holds Macy’s bags outside the company’s flagship store in the Herald Square neighborhood of New York, July 15, 2025. Alan Chin | Bloomberg | Getty Images The U.S. economy grew at a pace that was faster than expected in the second quarter as consumers and businesses held upRead More →
Federal Reserve Chair Jerome Powell on Friday gave a tepid indication of possible interest rate cuts ahead as he noted a high level of uncertainty that is making the job difficult for monetary policymakers. In his much-anticipated speech at the Fed’s annual conclave in Jackson Hole, Wyoming, the central bankRead More →
Wholesale prices rose far more than expected in July, providing a potential sign that inflation is still a threat to the U.S. economy, a Bureau of Labor Statistics report Thursday showed. The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared withRead More →
A widely followed measure of inflation accelerated slightly less than expected in July on an annual basis as President Donald Trump’s tariffs showed mostly modest impacts and investors grew more confidence about interest rate cuts ahead. The consumer price index increased a seasonally adjusted 0.2% for the month and 2.7%Read More →
This week’s inflation data will be huge for markets, and not just for the numbers. Beneath the Bureau of Labor Statistics’ reports on consumer and producer prices will be simmering questions over the data’s validity. Those concerns have accelerated as budget cutbacks have forced the agency to change the wayRead More →
President Donald Trump on Friday fired the Bureau of Labor Statistics commissioner, hours after the agency reported that job growth in the U.S. had slowed to a near-halt. In a Truth Social post that also directed even more fire at Fed Chair Jerome Powell, Trump accused BLS Commissioner Erika McEntarferRead More →
Nonfarm payroll growth was slower than expected in July and the unemployment rate ticked higher, raising potential trouble signs for the U.S. labor market as President Donald Trump ramps up tariffs. Job growth totaled a seasonally adjusted 73,000 for the month, above the June total of 14,000 but below evenRead More →
