News

Fed’s preferred inflation gauge ticks up as tariffs lift prices — casting cloud on September rate cut
The Federal Reserve’s preferred inflation gauge ticked up slightly in June as tariffs on imports started raising the cost of ...
Fed Governors Michelle Bowman and Christopher Waller wanted 25-basis-point cut at this week's meeting
Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained ...
Powell Cites Inflation Risk as Fed Holds Interest Rates Steady
Federal Reserve Chair Jerome Powell said interest rates are in the right place to manage continued uncertainty around tariffs ...
The Federal Reserve Isn’t What Pundits Want It To Be, And Never Was
The idea that Jerome Powell, his lieutenants, and hundreds of egghead economists under them could engineer “price” anything ...
Mortgage Interest Rates Today: Mortgage Rates Dip Slightly Even as Fed Holds Steady on Cuts
The average rate on 30-year fixed home loans registered 6.72% for the week ending July 31, down slightly from 6.74% last week ...
Kugler resigning from Fed, opening door to Trump appointment
The Federal Reserve said on Friday that Governor Adriana Kugler is resigning early from her term and will exit the central ...
PCE report shows U.S. inflation rose last month as Trump's tariffs boosted some prices
The Personal Consumption Expenditures, the Federal Reserve's preferred inflation gauge, ticked higher in June.