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Economic News and Analysis

The latest news and analysis about the health of the US economy.

"The economy is strong overall and has made significant progress toward our goals over the past two years," Powell said, with a 4% jobless rate considered around the level of full employment, and inflation lower though still more than half a percentage point above the Fed's target. "We know that reducing policy restraint too fast or too much could hinder progress on inflation," Powell said, reiterating language used after the Fed at its January meeting held interest rates steady.

Powell says there's no rush to ease more given strong economy

"The economy is strong overall and has made significant progress toward our goals over the past two years," Powell said, with a 4% jobless rate considered around the level of full employment, and inflation lower though still more than half a percentage point above the Fed's target. "We know that reducing policy restraint too fast or too much could hinder progress on inflation," Powell said, reiterating language used after the Fed at its January meeting held interest rates steady.
Reuters 56 minutes ago
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Fed Chair Powell: 'I believe' Treasury payment system is safe

Fed Chair Powell: 'I believe' Treasury payment system is safe

Federal Reserve Chair Jerome Powell offered some new assurances Tuesday about payments routed to the central bank from the Treasury Department, his first comments about the fallout resulting from Elon Musk’s access to a sensitive payments system.
Yahoo Finance 57 minutes ago
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Powell Tells Congress Fed Still in No Rush to Lower Rates

Powell Tells Congress Fed Still in No Rush to Lower Rates

(Bloomberg) -- Federal Reserve Chair Jerome Powell said the central bank doesn’t need to rush to adjust interest rates, again signaling that officials will be patient before lowering borrowing costs further.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Agin
Bloomberg 1 hour ago
Treasuries Fall as Fed’s Powell Affirms Patience on Rate Cuts

Treasuries Fall as Fed’s Powell Affirms Patience on Rate Cuts

(Bloomberg) -- US Treasuries held small losses after Federal Reserve Chair Jerome Powell affirmed that the central bank favors delaying additional interest-rate cuts. Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay Super“We know that
Bloomberg 1 hour ago
Should You Accept a Buyout Offer Like the One Trump Is Offering Federal Employees?

Should You Accept a Buyout Offer Like the One Trump Is Offering Federal Employees?

As part of President Donald Trump's efforts to trim government spending, the Office of Personnel Management recently offered more than two million federal employees full pay and benefits until...
GOBankingRates 1 hour ago

Featured Content

The US labor market isn't putting pressure on the Fed's plans to cut interest rates in 2025

The US labor market isn't putting pressure on the Fed's plans to cut interest rates in 2025

A strong January jobs report has investors believing the Federal Reserve likely won't be cutting interest rates in the near future.
Goolsbee says Fed 'may be on hold' for now but sees rates going lower in next 12-18 months

Goolsbee says Fed 'may be on hold' for now but sees rates going lower in next 12-18 months

Chicago Federal Reserve president Austan Goolsbee told Yahoo Finance Friday that the central bank 'may be on hold' for now, but he still sees interest rates moving lower over the 'next 12-18 months.'
Inflation fears rise to highest since Nov. 2023 as consumer sentiment hits 7-month low

Inflation fears rise to highest since Nov. 2023 as consumer sentiment hits 7-month low

The latest University of Michigan consumer sentiment survey showed more Americans are anxious about the inflation outlook.
January jobs report: Unemployment rate falls to 4%, wages rise more than forecast as US labor market remains resilient to start 2025

January jobs report: Unemployment rate falls to 4%, wages rise more than forecast as US labor market remains resilient to start 2025

The January jobs report comes as investors are closely watching for any clues about whether or not the Federal Reserve will cut interest rates in 2025.
Americans looking for work haven't had it this hard in almost 3 years

Americans looking for work haven't had it this hard in almost 3 years

New data from the Labor Department showed the amount of Americans filing for continued unemployment benefits remains near its highest level in three years.
Why the labor market could be the only hope for another Fed rate cut

Why the labor market could be the only hope for another Fed rate cut

Federal Reserve Chair Jerome Powell appears confident in the US labor market. But that means any signs of a slowdown could force the central bank to act.
Fed officials say they won't be rushed amid the Trump tariff turmoil

Fed officials say they won't be rushed amid the Trump tariff turmoil

Fed officials appear to have a unified message this week on the question of how they should react to President Donald Trump’s new tariffs: We’re taking our time.
Job openings hit lowest level since September

Job openings hit lowest level since September

Job openings declined in December from the previous month, reflecting a cooling labor market.
Mexico, Canada tariffs could quickly change the cost of your grocery trip in the months to come

Mexico, Canada tariffs could quickly change the cost of your grocery trip in the months to come

Mexico and Canada countries are two of the US's largest suppliers of agricultural products, meaning higher prices could hit Americans soon.
Manufacturing rebound flashes bullish signal for stocks

Manufacturing rebound flashes bullish signal for stocks

New data Monday showed that manufacturing activity was in expansion mode in January. Equity strategists believe that could be an early indicator of more S&P 500 earnings growth in 2025.
Fed's Powell: No agency other than CFPB tasked with consumer protection enforcement

Fed's Powell: No agency other than CFPB tasked with consumer protection enforcement

No U.S. regulator other than the Consumer Financial Protection Bureau is tasked with ensuring that banks abide by rules guarding against deceptive practices regarding consumers, the head of the Federal Reserve said on Tuesday as he was pressed by a senior Democratic senator to ensure the CFPB remains funded. The Trump administration has told the agency's staff to stay home and cease enforcement activities as part of Elon Musk's government efficiency drive. "If the CFPB is not there, examining these giant banks to make sure they are following laws on not deceiving consumers, who is doing that job?"
Reuters 2 hours ago
BP CEO Says Oil Major’s Big Reset Has Been a Year in Making

BP CEO Says Oil Major’s Big Reset Has Been a Year in Making

(Bloomberg) -- BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while refusing to comment on an analyst’s question about whether he’s had engagement with activist Elliott Investment Management.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Archi
Bloomberg 2 hours ago
BP
Bank bosses expect US policy uncertainty to persist under Trump, but stay bullish on economy

Bank bosses expect US policy uncertainty to persist under Trump, but stay bullish on economy

U.S. bank executives said on Tuesday they expected policy uncertainty to linger as President Donald Trump's second administration takes shape, but remained optimistic on the economic outlook. Trump introduced a raft of executive orders, tariffs and personnel changes since he took office last month. More broadly, the administration is going to run a more "growth-oriented agenda," but the ultimate direction of its policies is more complicated, Goldman Sachs CEO David Solomon told a Miami conference on Tuesday.
Reuters 2 hours ago
Fed Chair Powell says officials are in no hurry to cut interest rates

Fed Chair Powell says officials are in no hurry to cut interest rates

The US central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday.
CNN Business 2 hours ago
Oil Extends Rally on Signs Sanctions Are Hurting Russian Flows

Oil Extends Rally on Signs Sanctions Are Hurting Russian Flows

(Bloomberg) -- Oil extended gains on signs US sanctions are hampering Russian crude supplies.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperWest Texas Intermediate rose almost 1% to approach $73 a barrel, building on Monday’s 1.
Bloomberg 3 hours ago
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'We do not need to be in a hurry': Powell reiterates cautious Fed rate stance with US lawmakers

'We do not need to be in a hurry': Powell reiterates cautious Fed rate stance with US lawmakers

Fed Chair Jerome Powell told lawmakers Tuesday that the Fed is not in a hurry to adjust interest rates, reiterating a cautious stance as central bank policymakers digest signs of stubborn inflation and policy uncertainties from the new Trump administration.
Yahoo Finance 3 hours ago
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