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- Federal Reserve Chairman Jerome Powell speaks at a news conference after the Federal Open Market Committee meeting, on Sept. 20, 2023, in Washington. The Federal Reserve releases minutes today from the meeting when it decided not to raise its benchmark borrowing rate. (AP Photo/Jacquelyn Martin, File)
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Federal Reserve minutes: Officials signal cautious approach to rates amid heightened uncertainty
By CHRISTOPHER RUGABER - AP Economics Writer
Wed,10/11/23-1:07PM , 329 Reads
WASHINGTON (AP) — Federal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month, according to minutes released Wednesday, and said they would “proceed carefully” in deciding whether to further raise their benchmark interest rate.
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- A FedEx driver makes deliveries in Palatine, Ill., Wednesday, Sept. 13, 2023. On Friday, the U.S. government issues its latest monthly jobs report. (AP Photo/Nam Y. Huh)
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A surge of hiring in September defies predictions, pointing to US job market's enduring resilience
By CHRISTOPHER RUGABER - AP Economics Writer
Thu,10/05/23-7:49PM , 349 Reads
WASHINGTON (AP) — An unforeseen burst of hiring last month has lifted hopes that the economy will prove durable once again, even as an array of threats lie ahead.
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- Federal Reserve Chair Jerome Powell, left, and Kevin Schreiber, CEO of the York County Economic Alliance, walk in York, Pa. on Monday, Oct. 2, 2023. Powell met with workers, employers and community leaders in York regarding efforts to strengthen the local economy. (AP Photo/Chris Rugebar)
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Fed's Powell gets an earful about inflation and interest rates from small businesses
By CHRISTOPHER RUGABER - AP Economics Writer
Mon,10/02/23-2:56PM , 303 Reads
YORK, Pa. (AP) — Federal Reserve officials typically gather many of their insights and observations about the economy from some of the top Ph.D. economists in Washington.
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- As shoppers wait in the background, a woman looks at Apple's new iPhone 15 at an Apple Store in Los Angeles, Friday, Sept. 22, 2023. On Friday, the Commerce Department issues its August report on consumer spending. (AP Photo/Jae C. Hong, File)
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Higher gas prices lift Fed's preferred inflation gauge but underlying price pressures remain mild
By CHRISTOPHER RUGABER - AP Economics Writer
Fri,09/29/23-7:38AM , 585 Reads
WASHINGTON (AP) — An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices.
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