A sharp slowdown in hiring poses a growing risk to the US economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice more this year.Powell said in written remarks that despite the federal government shutdown cutting off official economic data, “the outlook for employment and inflation does not appear to have changed much since our September meeting,” when the Fed reduced its key rate for the first time this year.Fed officials at that meeting al ...

WASHINGTON (AP) — A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice more this year. Powell said in written remarks that despite the federal government shutdown cutting off official economic data, “the outlook for employment and inflation does not appear to have changed much since our September meeting,” when the Fed reduced its key rate for the first time this year. Fed off ...

The European Commission's proposal to tap frozen Russian state assets for financial aid to Ukraine is rattling some central banks, which could further accelerate gold purchases for storage outside Wes... ...

The British economy faces a growing risk of a hard-landing, Bank of England policymaker Alan Taylor said on Tuesday, reaffirming his calls to speed the pace of interest rate cuts https://t.co/z89yPvrW8s ...

Price increases driven by tariffs will likely prove temporary, according to Philadelphia Fed President Anna Paulson, who also threw her support behind further interest-rate cuts this year as the Fed responds to a slowing labor market. ...

Core Insights - U.S. consumer sentiment remained stable in October at a reading of 55, despite economists expecting a decline to 54.2, indicating persistent concerns about the labor market and inflation amid a government shutdown [1][2][7] Consumer Sentiment - The University of Michigan's preliminary consumer sentiment survey showed little change from September's reading of 55.1, with the index holding steady at 55 for October [1][7] - Consumers expressed ongoing worries about high prices and weakening job prospects, with inflation expectations for the next year slightly decreasing from 4.7% to 4.6% [2][5] Labor Market Concerns - The labor market showed signs of softening, with job growth nearly stalling in the three months leading up to August, contributing to consumer pessimism regarding personal finances and buying conditions for durable goods [5][10] Economic Outlook - The survey was conducted during a period of government funding lapse, and historical data suggests that consumer sentiment typically declines during government shutdowns. Economists anticipate a potential downgrade in the final sentiment data for October unless the shutdown is resolved quickly [7] - Despite high inflation expectations, economists predict that the Federal Reserve will implement another interest rate cut at its upcoming meeting on October 28-29, following a previous cut in September [10]

Kevin Warsh likes to tell a story that explains why he would remake the Federal Reserve from top to bottom if President Donald Trump chooses him to be the central bank's next chair. Trump will soon announce a replacement for current Chair Jerome Powell, and has named Warsh as one of his top candidates for the job. The story goes back to 2006, when Warsh made history by becoming the youngest-ever Fed governor at 35. His age notwithstanding, he had an impeccable pedigree: Stanford University undergrad, a stin ...

Meanwhile, some newly released minutes from last month's Federal Reserve meeting showing officials strongly inclined to lower interest rates with the only dispute seeming to be over how many cuts were coming this year. That's two or potentially as many as three. The Fed deciding on September 17th to lower interest rates by 25 basis points.Joining us right now to talk treasuries and rates is Kamal Shri Kumar. He's the president of Shri Kumar Global Strategies. Would you be lowering rates twice, three times l ...

The Federal Reserve on Wednesday released the minutes from the central bank's monetary policy meeting last month, which showed that while policymakers anticipate further interest rate cuts, they remain committed to bringing inflation back to its 2% target. The Federal Open Market Committee (FOMC), which guides the Fed's monetary policy moves, voted in September to lower the benchmark federal funds rate by 25 basis points to a range of 4% to 4.25%. That move cut interest rates for the first time in 2025, but ...

There was some division at the Federal Reserve's last meeting about whether to cut interest rates and by how much, though most agreed the central bank could cut rates further in 2025. “Most judged that it likely would be appropriate to ease policy further over the remainder of this year,” according to the minutes from the Federal Market Open Committee's Sept. 16-17 meeting, which were released Wednesday. The Fed at that meeting decided to reduce rates by a quarter point, in its first reduction of 2025. ...