Inflation increased slightly in September after declining in August, new data from the Bureau of Economic Analysis (BEA) showed Thursday. The personal consumption expenditures (PCE) price index, the preferred inflation metric for the Federal Reserve, rose by 0.5 percent last month and was up 3.6...
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The personal consumption expenditures price index was projected to increase 0.5% in September for an annual rate of 3.7%, according to the Dow Jones consensus....
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The new chairman made clear he leans toward higher interest rates, but left himself options depending on how the data comes in.
government
Former President Obama is stopping in Atlanta on Wednesday — less than a week out from Election Day — to give a boost to Democrat Keisha Lance Bottoms, who's running for Georgia governor, and incumbent Sen. Jon Ossoff (D). Obama's visit to the Peach State comes just a few days af...
government
Federal Reserve Chair Kevin Warsh will speak to reporters Wednesday after the central bank voted to hold interest rates steady at 3.75 percent to 4 percent, despite persistent inflation and mounting economic pressures ahead of the midterm elections. The decision comes six weeks a...
government
Federal Reserve officials held interest rates steady Wednesday despite stubborn inflation. The central bank's Federal Open Market Committee (FOMC) voted 10-2 to keep the benchmark federal funds rate range at 3.75 percent to 4 percent. "The committee believes that the accumulation...
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Bond yields ticked up Wednesday morning ahead of the Federal Reserve’s decision on interest rates, with investors expecting the central bank to keep borrowing costs steady. The 10-year U.S. Treasury bond yield was trading at more than 5.02 percent as of midmorning, up by roughly ...
