3+ day, 22+ hour ago   (307+ words) Federal Reserve officials were already heading into next week’s meeting divided over whether inflation had cooled enough to leave rates alone. Thursday’s producer-price report made that decision harder: wholesale prices rose 5.4% from a year earlier in August, and traders pushed…...

1+ week, 5+ day ago   (500+ words) Federal Reserve Governor Michael Barr put a straightforward condition on the Fed’s September decision Tuesday: if inflation isn’t cooling fast enough, policymakers should raise interest rates. “If inflation appears not to be moderating sufficiently, then I think we should act…...

3+ week, 4+ day ago   (242+ words) The economy is still growing, consumers are still spending and both unemployment and layoffs remain low. Yet Americans feel worse about the economy than they did during the pandemic, and one number helps explain the disconnect: inflation has now outpaced…...

3+ week, 5+ day ago   (263+ words) That initially gave the Fed room to wait. Three policymakers preferred a quarter-point increase in July, but the committee held steady while it tried to determine whether renewed inflation pressure would remain concentrated around energy and other supply shocks or…...