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- Workers serve customers at a fast food restaurant Thursday, June 27, 2024, in southeast Denver. On Thursday, July 11, 2024, the Labor Department issues its report on inflation at the consumer level in June. (AP Photo/David Zalubowski)
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US inflation cools again, potentially paving way for Fed to cut interest rates soon
By CHRISTOPHER RUGABER - AP Economics Writer
Wed,07/10/24-4:45PM , 168 Reads
WASHINGTON (AP) — Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Res
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- Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, June 12, 2024. Powell will be in Portugal on Tuesday, July 2, 2024, to take part in a panel discussion on central banking policy with members of the European Central Bank. (AP Photo/Susan Walsh, File)
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Federal Reserve highlights its political independence as presidential campaign heats up
By CHRISTOPHER RUGABER - AP Economics Writer
Fri,07/05/24-11:20AM , 405 Reads
WASHINGTON (AP) — The Federal Reserve is highlighting the importance of its political independence at a time when Donald Trump, who frequently attacked the Fed's policymaking in the past, edges closer to formally becoming the Republican nominee for president.
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- Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, June 12, 2024. Powell will be in Portugal on Tuesday, July 2, 2024, to take part in a panel discussion on central banking policy with members of the European Central Bank. (AP Photo/Susan Walsh, File)
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Fed Chair Jerome Powell: US inflation is cooling again, though it isn't yet time to cut rates
By CHRISTOPHER RUGABER - AP Economics Writer
Tue,07/02/24-9:00AM , 464 Reads
WASHINGTON (AP) — Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before
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- A shopper pauses at a display in a furniture store Sunday, June 2, 2024, in Englewood, Colo. On Wednesday, June 12, 2024, the Labor Department issues its report on prices at the consumer level in May. (AP Photo/David Zalubowski)
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US inflation cooled in May in a sign that price pressures may be easing
By CHRISTOPHER RUGABER - AP Economics Writer
Tue,06/11/24-5:47PM , 129 Reads
WASHINGTON (AP) — Inflation in the United States eased in May for a second straight month, a hopeful sign that a pickup in prices that occurred early this year may have passed. The trend, if it holds, could move the Federal Reserve closer to cutting its benchmark interest rate from its 23-year peak.
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