Traders work on the floor of the New York Stock Exchange during morning trading on May 24, 2024 in New York City. Michael M. Santiago | Getty Images Investors likely […]
Federal Reserve minutes indicate worries over lack of progress on inflation
Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the confidence to move forward on interest rate reductions. Minutes from […]
U.S. inflation data fuels bets of Fed rate cuts as early as September — but analysts aren’t convinced
Traders work on the floor during morning trading at the New York Stock Exchange on May 14, 2024. Spencer Platt | Getty Images Traders appear increasingly confident that the U.S. […]
Fed Chair Powell says there has been a 'lack of progress' this year on inflation
Federal Reserve Chair Jerome Powell said the U.S. economy, while otherwise strong, has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest […]
Americans have $1.13 trillion in credit card debt. Here are some expert tips to help pay yours off
Credit cards are the Achilles’ heel for most people. Collectively, Americans now owe $1.13 trillion on their cards and the average balance per consumer is up to $6,360, both historic highs. Not […]
Cleveland Fed launches search for new leader after Mester leaves
The Cleveland Federal Reserve launched a search Wednesday for its new leader, after current President Loretta Mester retires in mid-2024. Often one of the central bank’s bigger proponents for tighter […]