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Fed’s Warsh taps broad group of Fed outsiders to oversee review
Five task forces will review the U.S. central bank's operations, including impact of artificial intelligence.
Fed’s Collins says rate hikes may be needed to quell inflation
Boston Federal Reserve President Susan Collins said rate hikes may be needed if inflation pressures persist amid Middle East conflict risks.
Strong US jobs data complicates any Warsh push for lower rates
Strong U.S. jobs data in April challenges Federal Reserve nominee Kevin Warsh's hopes for rate cuts amid inflation and geopolitical risks.
White House says increased productivity means Fed can cut rates
White House economic adviser Kevin Hassett says AI-driven productivity gains may ease inflation and allow the Federal Reserve to lower interest rates.
Fed leaves rates unchanged, sticks with single cut in 2026 despite higher inflation
The US Federal Reserve kept interest rates unchanged, forecasting a single rate cut in 2026 despite higher inflation driven by Middle East tensions and oil price spikes.
US weekly jobless claims fall; trade deficit widens by the most in nearly 34 years
U.S. jobless claims fell last week, signaling low layoffs, though weak hiring is fueling concern about the labor market.
Fed leaves rates unchanged, sees ‘elevated’ inflation and stabilizing job market
The Federal Reserve held interest rates at 3.50%–3.75%, citing elevated inflation and steady growth, with little guidance on future cuts.
Wall Street ends up as investors buoyed by tariff relief, upbeat data
U.S. stocks ended higher for a second day as Trump eased tariff threats and economic data showed continued resilience.
Delta leans on premium flyers for 2026 growth, orders Boeing 787s
Delta Air Lines forecasts about 20% earnings growth in 2026 as premium travel boosts margins and orders 30 Boeing 787 jets.
Investors eager for delayed data to shed light on US economy
Delayed U.S. jobs and inflation reports will give markets fresh clarity after a government shutdown as investors assess Fed policy and year-end risks.
US mortgage rates tick up to 6.22% but stay near lows
US mortgage rates inched up to 6.22% but remain near yearly lows as refinancing surges and economists expect rates to stay just above 6% next year.
Jobless claims jump, but labor market still appears steady
WASHINGTON (AP) — The number of Americans applying for unemployment benefits jumped last week, but remain in the same historically healthy range of the past few years despite growing concern over the health of the labor market. U.S. jobless claim applications for the week ending Dec. 6 climbed by 44,000 to 236,000 from the previous […]
