The Federal Reserve’s preferred inflation gauge remained high but showed glimmers of moderation in May, data released Thursday showed, at a moment when central bankers are watching each incoming price…
Jerome H. Powell, the chair of the Federal Reserve, said it was unclear whether the global pressures that kept price increases slow and steady for years before the pandemic would…
The Federal Reserve did not disclose updated financial information for two former regional bank presidents whose trading ignited a scandal at the central bank, even though they held important monetary…
Central banks had a longstanding playbook for how inflation worked. In the postpandemic era, all bets are off.Federal Reserve officials are questioning whether their longstanding assumptions about inflation still apply…
Federal Reserve officials signaled a deep commitment to wrestling down the highest inflation in more than four decades, even as supply disruptions that are largely outside of their control help…
Home sales are flagging and the rest of the economy is expected to slow, maybe sharply, as rates increase. Why is the Federal Reserve doing this?Recession fears are ramping up…
Jerome H. Powell, the chair of the Federal Reserve, said that the central bank might be able to lower rapid inflation without tipping America into a painful downturn, though he…
The Federal Reserve took its most aggressive step yet to try to tame rapid and persistent inflation, raising interest rates by three-quarters of a percentage point on Wednesday and signaling…
The central bank has hoped to cool down the economy without pushing unemployment much higher. Stubborn inflation narrows that path.Federal Reserve officials are meeting this week with one major goal…
The Federal Reserve is likely to discuss making its biggest interest rate increase since 1994 at its meeting this week, as a range of new data suggest that inflation is…
American stock indexes dropped sharply Monday, and a key bond market signal pointed to recession risks, indicating that investors are bracing for economic fallout as central banks — including the…
Inflation is a tricky problem, but it has a few clear causes and consequences, and policymakers are working to bring it to heel.The government reported on Friday that consumer prices…
The Consumer Price Index picked up by 8.6 percent, as price increases climbed at the fastest pace in more than 40 years.A surge in prices in May delivered a blow…
The cost of renting an apartment or home is climbing quickly, keeping inflation high and making life tougher for households on a tight budget.The price of renting a primary residence…
Prices climbed 8.6 percent in the year through May, a re-acceleration of inflation that makes it increasingly difficult for consumers to afford everyday purchases and poses a major challenge for…
The government is expected to report on Friday that consumer prices climbed by 8.2 percent in the year through May, as inflation hovers near the fastest rate in four decades.Americans…
The strong job market may be about to take a turn for the worse. That could come to haunt those who made choices based on today’s conditions.Shanna Jackson, the president…
Lael Brainard, the Federal Reserve’s vice chair, suggested that the central bank might make another large rate increase into September and threw cold water on the idea that policymakers might…
President Biden will meet with Jerome H. Powell, the Federal Reserve chair, at the White House on Tuesday to discuss the state of the U.S. and global economy at a…
The Biden administration said on Friday that it intended to nominate Michael S. Barr, a law professor and a former Obama administration official, to be the Federal Reserve’s vice chair…