JPMorgan’s Dimon Says Stagflation Possible
JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation.
When Will Fed Cut Rates? As Economy Flexes Muscles, Maybe Never
The Fed typically cuts only when the economy appears to be weakening and needs help. But with economic data looking strong – the commercial real estate sector aside – will its policymakers see a need to even cut at all?
Jamie Dimon Warns of Potential Interest Rate Spike
With some investors and economists questioning whether the Federal Reserve can make good on interest rate cuts this year, the JPMorgan Chase CEO warned of the possibility of rates rising to 8 percent or higher.
Another Month of Robust Job Growth Points to Continued Economic Strength
America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates.
Powell May Hint at Rate Cuts Today
Two weeks ago, Chair Jerome Powell suggested that the Federal Reserve was “not far” from gaining the confidence it needed that inflation was headed sustainably down. It was a tantalizing suggestion.
Fewer Banks Tightening Lending Standards, Raising Hopes
Fewer banks tightened lending standards as 2023 came to a close, a hopeful sign for businesses that broader loan access is on the horizon.
What Recession? Professional Forecasters Raise Expectations for 2024
This year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago, according to a survey released Monday.
Americans Ramped Up Holiday Spending Despite Inflation, Anxiety
Holiday sales rose this year and spending remained resilient during the shopping season even with Americans wrestling with higher prices in some areas and other financial worries, according to the latest measure.
How the Economy Surprised Everyone in 2023, By the Numbers
In a year full of big numbers, with strong gains for stocks and even more fantastic flights for crypto, it was one shrinking number that superseded all.
Federal Reserve Foresees Three Rate Cuts Next Year
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, a sign that it is likely done raising rates after having imposed the fastest string of increases in four decades to fight painfully high inflation.
Rate-Cut Speculation Rises, But Fed Set to Leave Rates Unchanged
With inflation edging closer to the Federal Reserve’s 2 percent target, its policymakers are facing – and in some cases fueling – hopes that they will make a decisive shift in policy and cut interest rates next year, possibly as soon as spring.
Fed’s Powell Tries to Tamp Down on Rate-Cut Hype
Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said in a speech Friday.
Top Fed Official Hints at Spring Rate Cut
A key Federal Reserve official raised the possibility Tuesday that the Fed could decide to cut its benchmark interest rate as early as spring if inflation keeps declining steadily.
Federal Reserve Leaves Key Rate Unchanged, Leaves Options Open
The Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead.
Cloudier Economic Picture Expected to Keep Federal Reserve on Sidelines
The Federal Reserve is poised to leave its key interest rate unchanged Wednesday at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure.
Powell: Slower Economic Growth May Be Needed to Conquer Inflation
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market.
Fed Signals Optimism About a Potential ‘Soft Landing’
The Federal Reserve left its benchmark interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased.
Will Fed Keep Rates Higher, Longer? Powell Speech Could Give Hints
On Friday, Fed Chair Jerome Powell’s keynote speech at this year’s Jackson Hole conference will be scrutinized for any hints that the Fed intends to keep borrowing rates high for a prolonged period.
Cambridge Trust: Uncertainties Remain Over Fed Rate Hikes
With a resilient job market and consumer spending raising hopes the U.S. economy will achieve a “soft landing,” a top Cambridge Trust banker sees that there remains a risk the Federal Reserve will take its interest rate hikes too far, leading to recession.
Meeting Minutes Show Fed Still Eyeing More Rate Hikes
Most Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting released Wednesday.
